Retirement Planning Group LLC NY Acquires New Shares in Netflix, Inc. $NFLX

Retirement Planning Group LLC NY acquired a new stake in Netflix, Inc. (NASDAQ:NFLX) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 172 shares of the Internet television network’s stock, valued at approximately $230,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in NFLX. Brighton Jones LLC raised its holdings in shares of Netflix by 5.0% in the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock valued at $4,804,000 after acquiring an additional 257 shares in the last quarter. Revolve Wealth Partners LLC grew 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 valued at $912,000 after purchasing an additional 144 shares during the last quarter. GAMMA Investing LLC grew 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 valued at $8,836,000 after purchasing an additional 1,415 shares during the last quarter. Thomasville National Bank grew its stake in Netflix by 60.3% in the first quarter. Thomasville National Bank now owns 396 shares of the Internet television network’s stock valued at $369,000 after purchasing an additional 149 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC grew its stake in Netflix by 11.7% in the first quarter. NorthCrest Asset Manangement LLC now owns 3,557 shares of the Internet television network’s stock valued at $3,317,000 after purchasing an additional 374 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on NFLX. Piper Sandler lifted their target price on Netflix from $1,400.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Friday, July 18th. Zacks Research lowered Netflix from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 1st. Citigroup reiterated a “neutral” rating and issued a $1,295.00 target price (up previously from $1,280.00) on shares of Netflix in a research note on Friday, October 3rd. BMO Capital Markets reiterated an “outperform” rating and issued a $1,425.00 target price (up previously from $1,200.00) on shares of Netflix in a research note on Tuesday, July 15th. Finally, JPMorgan Chase & Co. lifted their target price on Netflix from $1,230.00 to $1,300.00 and gave the company a “neutral” rating in a research note on Friday, July 18th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Netflix currently has an average rating of “Moderate Buy” and an average price target of $1,337.63.

Insider Transactions at Netflix

In related news, insider Cletus R. Willems sold 238 shares of the company’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $1,153.52, for a total value of $274,537.76. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Gregory K. Peters 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 $1,157.44, for a total value of $2,344,973.44. Following the completion of the sale, the chief executive officer owned 12,781 shares in the company, valued at approximately $14,793,240.64. This represents a 13.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,100 shares of company stock valued at $122,710,980 over the last quarter. Company insiders own 1.37% of the company’s stock.

Netflix Price Performance

Shares of NFLX stock opened at $1,220.08 on Friday. Netflix, Inc. has a fifty-two week low of $677.88 and a fifty-two week high of $1,341.15. The firm has a market capitalization of $518.44 billion, a price-to-earnings ratio of 51.98, a PEG ratio of 2.05 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. The stock’s 50-day simple moving average is $1,210.84 and its 200-day simple moving average is $1,168.46.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping analysts’ consensus estimates of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The business had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same quarter in the previous year, the firm earned $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. As a group, equities analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.