Netflix, Inc. $NFLX Shares Acquired by Trifecta Capital Advisors LLC

Trifecta Capital Advisors LLC raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 6,832.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,002 shares of the Internet television network’s stock after purchasing an additional 6,901 shares during the period. Netflix accounts for approximately 1.6% of Trifecta Capital Advisors LLC’s investment portfolio, making the stock its 21st biggest holding. Trifecta Capital Advisors LLC’s holdings in Netflix were worth $9,377,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of Netflix by 1.4% during the first quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network’s stock valued at $35,433,585,000 after buying an additional 509,255 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Netflix by 2.7% during 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 acquiring an additional 304,399 shares during the period. Alliancebernstein L.P. lifted its position in Netflix by 1.0% during 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 acquiring an additional 53,611 shares during the period. Invesco Ltd. lifted its position in Netflix by 8.3% during the 1st quarter. Invesco Ltd. now owns 4,664,818 shares of the Internet television network’s stock worth $4,350,083,000 after acquiring an additional 356,617 shares during the period. Finally, Wellington Management Group LLP raised its stake in shares of Netflix by 3.5% in the first quarter. Wellington Management Group LLP now owns 4,385,666 shares of the Internet television network’s stock worth $4,089,765,000 after purchasing an additional 148,675 shares during the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $1,214.25 on Thursday. The firm has a fifty day moving average of $1,208.18 and a 200 day moving average of $1,163.77. Netflix, Inc. has a one year low of $677.88 and a one year high of $1,341.15. The firm has a market cap of $515.97 billion, a PE ratio of 51.74, a PEG ratio of 2.00 and a beta of 1.59. 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 (NASDAQ:NFLX) last announced its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.07 by $0.12. The business 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 company’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter last year, the business earned $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, research analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on NFLX shares. Loop Capital raised shares of Netflix from a “hold” rating to a “buy” rating and upped their price objective for the company from $1,150.00 to $1,350.00 in a report on Wednesday, September 17th. Canaccord Genuity Group restated a “buy” rating on shares of Netflix in a research report on Thursday, July 10th. UBS Group set a $1,425.00 price objective on Netflix in a research note on Tuesday. Oppenheimer lifted their price objective on Netflix from $1,200.00 to $1,425.00 and gave the company an “outperform” rating in a research note on Thursday, June 12th. Finally, Barclays reaffirmed a “sell” rating and set a $1,100.00 target price (up from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. Two research 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,337.63.

Insider Buying and Selling at Netflix

In related news, CEO Theodore A. Sarandos sold 2,026 shares of the business’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the completion of the sale, the chief executive officer directly owned 15,168 shares in the company, valued at approximately $17,604,284.16. The trade was a 11.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Reed Hastings sold 42,176 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the sale, the director owned 394 shares of the company’s stock, valued at $461,736.48. The trade was a 99.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 104,100 shares of company stock valued at $122,710,980. 1.37% of the stock is owned by 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.