3Chopt Investment Partners LLC Has $635,000 Holdings in Netflix, Inc. $NFLX

3Chopt Investment Partners LLC raised its stake in Netflix, Inc. (NASDAQ:NFLX) by 8.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 474 shares of the Internet television network’s stock after acquiring an additional 35 shares during the quarter. 3Chopt Investment Partners LLC’s holdings in Netflix were worth $635,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NFLX. Nuveen LLC acquired a new stake in Netflix in the 1st quarter valued at about $2,385,585,000. Kingstone Capital Partners Texas LLC increased its position in Netflix by 343,058.2% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 2,463,876 shares of the Internet television network’s stock valued at $3,299,450,000 after acquiring an additional 2,463,158 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Netflix by 57.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network’s stock valued at $3,164,134,000 after acquiring an additional 1,236,251 shares in the last quarter. Amundi increased its position in Netflix by 37.7% in the 1st quarter. Amundi now owns 2,070,221 shares of the Internet television network’s stock valued at $1,898,496,000 after acquiring an additional 567,251 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Netflix by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network’s stock valued at $35,433,585,000 after acquiring an additional 509,255 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Sanford C. Bernstein lifted their price target on shares of Netflix from $1,200.00 to $1,390.00 and gave the stock an “outperform” rating in a research report on Thursday, July 17th. Cowen reiterated a “buy” rating on shares of Netflix in a research report on Tuesday. Citigroup reiterated a “neutral” rating and set a $1,295.00 price target (up previously from $1,280.00) on shares of Netflix in a research report on Friday, October 3rd. The Goldman Sachs Group lowered their price target on shares of Netflix from $1,310.00 to $1,300.00 and set a “neutral” rating for the company in a research report on Tuesday, September 30th. Finally, Zacks Research cut shares of Netflix from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,337.63.

Insiders Place Their Bets

In other news, insider Cletus R. Willems sold 238 shares of the business’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total value of $274,537.76. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Spencer Adam Neumann sold 2,600 shares of the business’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $1,172.51, for a total transaction of $3,048,526.00. Following the completion of the sale, the chief financial officer directly owned 3,691 shares in the company, valued at approximately $4,327,734.41. This represents a 41.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,100 shares of company stock valued at $122,710,980 over the last 90 days. 1.37% of the stock is currently owned by company insiders.

Netflix Stock Performance

Shares of NFLX opened at $1,231.07 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. Netflix, Inc. has a twelve month low of $677.88 and a twelve month high of $1,341.15. The firm’s 50 day moving average price is $1,209.61 and its two-hundred day moving average price is $1,165.56. The firm has a market cap of $523.12 billion, a P/E ratio of 52.45, a PEG ratio of 2.04 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating analysts’ consensus estimates of $7.07 by $0.12. The firm had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business’s revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

About Netflix

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.