PDS Planning Inc Boosts Position in Netflix, Inc. $NFLX

PDS Planning Inc grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 13.6% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 2,676 shares of the Internet television network’s stock after acquiring an additional 321 shares during the quarter. PDS Planning Inc’s holdings in Netflix were worth $3,584,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in NFLX. Brighton Jones LLC lifted its position in shares of Netflix by 5.0% in the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock worth $4,804,000 after purchasing an additional 257 shares during the period. Revolve Wealth Partners LLC raised its stake in Netflix by 16.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock worth $912,000 after buying an additional 144 shares in the last quarter. GAMMA Investing LLC raised its stake in Netflix by 17.6% in the first quarter. GAMMA Investing LLC now owns 9,475 shares of the Internet television network’s stock worth $8,836,000 after buying an additional 1,415 shares in the last quarter. Zhang Financial LLC raised its stake in Netflix by 23.4% in the first quarter. Zhang Financial LLC now owns 974 shares of the Internet television network’s stock worth $908,000 after buying an additional 185 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. raised its stake in Netflix by 37.7% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 1,045 shares of the Internet television network’s stock worth $974,000 after buying an additional 286 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $1,220.08 on Friday. Netflix, Inc. has a 1-year low of $677.88 and a 1-year high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. The business has a fifty day moving average price of $1,210.84 and a 200-day moving average price of $1,167.10. The company has a market capitalization of $518.45 billion, a PE ratio of 51.98, a PEG ratio of 2.07 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating the consensus estimate of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same period in the prior year, the firm posted $4.88 EPS. Netflix’s revenue for the quarter 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. As a group, equities analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Transactions 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 shares were sold at an average price of $1,160.62, for a total value 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. The trade was a 11.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 transaction of $49,426,897.92. Following the completion of the transaction, the director owned 394 shares of the company’s stock, valued at approximately $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. In the last quarter, insiders have sold 104,100 shares of company stock valued at $122,710,980. 1.37% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on NFLX. The Goldman Sachs Group reduced their target price on Netflix from $1,310.00 to $1,300.00 and set a “neutral” rating on the stock in a report on Tuesday, September 30th. Pivotal Research restated a “buy” rating on shares of Netflix in a research report on Thursday, July 10th. Needham & Company LLC reissued a “buy” rating and set a $1,500.00 price objective on shares of Netflix in a research report on Wednesday, September 10th. Citigroup reissued a “neutral” rating and set a $1,295.00 price objective (up previously from $1,280.00) on shares of Netflix in a research report on Friday, October 3rd. Finally, Seaport Res Ptn upgraded shares of Netflix from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,337.63.

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.