Solstein Capital LLC Acquires 135 Shares of Netflix, Inc. $NFLX

Solstein Capital LLC lifted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 38.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 483 shares of the Internet television network’s stock after acquiring an additional 135 shares during the period. Solstein Capital LLC’s holdings in Netflix were worth $647,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in NFLX. Nuveen LLC bought a new position in shares of Netflix in the 1st quarter valued at about $2,385,585,000. Kingstone Capital Partners Texas LLC lifted its holdings in shares of 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 last quarter. Goldman Sachs Group Inc. lifted its stake in Netflix by 57.3% in the first quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network’s stock worth $3,164,134,000 after purchasing an additional 1,236,251 shares during the last quarter. Amundi lifted its stake in Netflix by 37.7% in the first quarter. Amundi now owns 2,070,221 shares of the Internet television network’s stock worth $1,898,496,000 after purchasing an additional 567,251 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Netflix by 1.4% in the first quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network’s stock worth $35,433,585,000 after purchasing an additional 509,255 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

Shares of NASDAQ:NFLX opened at $1,094.69 on Monday. The firm has a market cap of $463.85 billion, a PE ratio of 45.73, a price-to-earnings-growth ratio of 1.89 and a beta of 1.59. The firm’s 50 day simple moving average is $1,207.21 and its 200-day simple moving average is $1,189.16. Netflix, Inc. has a one year low of $747.77 and a one year high of $1,341.15. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.33.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.88 by ($1.01). The business had revenue of $11.51 billion for the quarter, compared to analysts’ expectations of $11.52 billion. Netflix had a net margin of 24.05% and a return on equity of 41.86%. The business’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same period in the previous year, the business earned $5.40 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. As a group, equities analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Insiders Place Their Bets

In other Netflix news, CEO Theodore A. Sarandos sold 2,026 shares of Netflix stock in a transaction 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 of the company’s stock, valued at approximately $17,604,284.16. The trade was a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David A. Hyman sold 424 shares of Netflix stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the completion of the transaction, the insider directly owned 31,610 shares in the company, valued at $36,625,558.70. This represents a 1.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 104,100 shares of company stock valued at $122,710,980. 1.37% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NFLX. Seaport Res Ptn raised shares of Netflix from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Needham & Company LLC reissued a “buy” rating and issued a $1,500.00 price objective on shares of Netflix in a research note on Wednesday, October 22nd. Rosenblatt Securities raised their price objective on shares of Netflix from $1,515.00 to $1,530.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Pivotal Research reissued a “buy” rating on shares of Netflix in a research note on Thursday, July 10th. Finally, Itau BBA Securities began coverage on shares of Netflix in a research note on Tuesday, October 7th. They issued an “outperform” rating and a $1,514.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and an average target price of $1,352.78.

Netflix 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.