Dock Street Asset Management Inc. Boosts Stock Holdings in Netflix, Inc. $NFLX

Dock Street Asset Management Inc. grew its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,327 shares of the Internet television network’s stock after acquiring an additional 1,110 shares during the quarter. Netflix accounts for approximately 3.1% of Dock Street Asset Management Inc.’s portfolio, making the stock its 13th largest holding. Dock Street Asset Management Inc.’s holdings in Netflix were worth $32,577,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of NFLX. Vanguard Group Inc. boosted its holdings in shares of Netflix by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network’s stock worth $35,433,585,000 after buying an additional 509,255 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Netflix by 2.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,732,066 shares of the Internet television network’s stock worth $10,940,505,000 after buying an additional 304,399 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Netflix by 1.0% in the 1st quarter. Alliancebernstein L.P. now owns 5,194,939 shares of the Internet television network’s stock worth $4,844,436,000 after buying an additional 53,611 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Netflix by 8.3% in the 1st quarter. Invesco Ltd. now owns 4,664,818 shares of the Internet television network’s stock worth $4,350,083,000 after buying an additional 356,617 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of Netflix by 3.5% in the 1st quarter. Wellington Management Group LLP now owns 4,385,666 shares of the Internet television network’s stock worth $4,089,765,000 after buying an additional 148,675 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Trading Down 0.3%

Shares of NFLX opened at $1,215.35 on Wednesday. The business’s 50-day moving average price is $1,213.15 and its 200-day moving average price is $1,172.10. Netflix, Inc. has a twelve month low of $677.88 and a twelve month high of $1,341.15. The stock has a market cap of $516.43 billion, a PE ratio of 51.78, a P/E/G ratio of 2.05 and a beta of 1.59. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58.

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 the consensus estimate of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm had revenue of $11.08 billion for the quarter, compared to analysts’ expectations of $11.04 billion. During the same period in the prior year, the business posted $4.88 earnings per share. The company’s revenue was up 15.9% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, equities analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on NFLX shares. Pivotal Research reissued a “buy” rating on shares of Netflix in a report on Thursday, July 10th. Robert W. Baird upped their price objective on shares of Netflix from $1,300.00 to $1,500.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Netflix in a report on Wednesday, October 8th. Barclays reaffirmed a “sell” rating and set a $1,100.00 price objective (up from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. Finally, Piper Sandler upped their price objective on shares of Netflix from $1,400.00 to $1,500.00 and gave the company an “overweight” rating in a report on Friday, July 18th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Netflix presently has an average rating of “Moderate Buy” and an average price target of $1,337.63.

Insider Buying and Selling

In related news, CEO Theodore A. Sarandos sold 2,026 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the transaction, the chief executive officer directly owned 15,168 shares in the company, valued at approximately $17,604,284.16. This represents a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $1,162.40, for a total transaction of $3,023,402.40. Following the completion of the transaction, the chief financial officer owned 3,691 shares in the company, valued at approximately $4,290,418.40. This trade represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,100 shares of company stock valued at $122,710,980 in the last 90 days. 1.37% of the stock is owned by company insiders.

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.