BOCHK Asset Management Ltd Purchases 300 Shares of Netflix, Inc. $NFLX

BOCHK Asset Management Ltd lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 100.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 600 shares of the Internet television network’s stock after acquiring an additional 300 shares during the period. Netflix makes up about 0.2% of BOCHK Asset Management Ltd’s portfolio, making the stock its 12th largest holding. BOCHK Asset Management Ltd’s holdings in Netflix were worth $803,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Nuveen LLC acquired a new position in Netflix during the 1st quarter worth approximately $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 during the period. 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 during the period. 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 during the period. 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 during the period. Institutional investors own 80.93% of the company’s stock.

Insiders Place Their Bets

In other Netflix news, CFO Spencer Adam Neumann sold 2,600 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $1,207.76, for a total value of $3,140,176.00. Following the transaction, the chief financial officer directly owned 3,691 shares of the company’s stock, valued at approximately $4,457,842.16. This trade represents a 41.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Theodore A. Sarandos sold 2,026 shares of the firm’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the completion of the transaction, the chief executive officer directly owned 15,168 shares in the company, valued at $17,604,284.16. This trade represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 59,324 shares of company stock valued at $70,235,556. 1.37% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. UBS Group restated a “market underperform” rating on shares of Netflix in a research report on Saturday, July 19th. JPMorgan Chase & Co. upped their price target on shares of Netflix from $1,230.00 to $1,300.00 and gave the company a “neutral” rating in a research report on Friday, July 18th. Loop Capital upgraded shares of Netflix from a “hold” rating to a “buy” rating and upped their price target for the company from $1,150.00 to $1,350.00 in a research report on Wednesday, September 17th. Seaport Res Ptn cut shares of Netflix from a “strong-buy” rating to a “hold” rating in a research report on Sunday, July 6th. Finally, Barclays restated a “sell” rating and issued a $1,100.00 price target (up from $1,000.00) on shares of Netflix in a research report on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,334.03.

Netflix Trading Down 2.3%

NASDAQ:NFLX opened at $1,170.90 on Thursday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $497.55 billion, a price-to-earnings ratio of 49.89, a PEG ratio of 2.02 and a beta of 1.59. The firm has a fifty day simple moving average of $1,208.27 and a two-hundred day simple moving average of $1,155.95. Netflix, Inc. has a 12 month low of $677.88 and a 12 month high of $1,341.15.

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

Netflix Company Profile

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.