Netflix, Inc. $NFLX Stake Lifted by RFG Advisory LLC

RFG Advisory LLC increased its stake in Netflix, Inc. (NASDAQ:NFLX) by 14.0% in the 2nd quarter, HoldingsChannel reports. The fund owned 7,670 shares of the Internet television network’s stock after acquiring an additional 939 shares during the period. RFG Advisory LLC’s holdings in Netflix were worth $10,271,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Resurgent Financial Advisors LLC boosted its holdings in shares of Netflix by 234.4% in the first quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network’s stock valued at $942,000 after acquiring an additional 708 shares in the last quarter. MRA Advisory Group boosted its holdings in shares of Netflix by 28.4% in the second quarter. MRA Advisory Group now owns 919 shares of the Internet television network’s stock valued at $1,231,000 after acquiring an additional 203 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of Netflix by 42.1% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 441,861 shares of the Internet television network’s stock valued at $412,059,000 after acquiring an additional 130,946 shares in the last quarter. Sava Infond d.o.o. boosted its holdings in shares of Netflix by 25.1% in the second quarter. Sava Infond d.o.o. now owns 1,495 shares of the Internet television network’s stock valued at $2,002,000 after acquiring an additional 300 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. boosted its holdings in shares of Netflix by 1.4% in the second quarter. McGlone Suttner Wealth Management Inc. now owns 989 shares of the Internet television network’s stock valued at $1,324,000 after acquiring an additional 14 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Insider Transactions at Netflix

In other Netflix news, CEO Theodore A. Sarandos sold 2,026 shares of the 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 sale, the chief executive officer owned 15,168 shares in the company, valued at $17,604,284.16. This represents a 11.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David A. Hyman sold 424 shares of the stock in a transaction that occurred 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 sale, the insider owned 31,610 shares of the company’s stock, valued at approximately $36,625,558.70. The trade was a 1.32% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 104,100 shares of company stock worth $122,710,980. 1.37% of the stock is currently owned by insiders.

Netflix Trading Down 0.1%

Netflix stock opened at $1,219.03 on Tuesday. The company has a 50 day moving average price of $1,211.81 and a 200 day moving average price of $1,171.80. Netflix, Inc. has a 52 week low of $677.88 and a 52 week high of $1,341.15. 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 firm has a market capitalization of $518.00 billion, a price-to-earnings ratio of 51.94, a P/E/G ratio of 2.05 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping analysts’ consensus estimates of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. During the same quarter last year, the business posted $4.88 EPS. 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. Research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on NFLX. Piper Sandler raised their target price on shares of Netflix from $1,400.00 to $1,500.00 and gave the stock an “overweight” rating in a report on Friday, July 18th. Cowen restated a “buy” rating on shares of Netflix in a report on Tuesday, October 7th. Wall Street Zen cut shares of Netflix from a “buy” rating to a “hold” rating in a report on Saturday, October 4th. Wedbush restated an “outperform” rating and set a $1,500.00 target price (up from $1,400.00) on shares of Netflix in a report on Monday, July 14th. Finally, Sanford C. Bernstein raised their target price on shares of Netflix from $1,200.00 to $1,390.00 and gave the stock an “outperform” rating in a report on Thursday, July 17th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average 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.