Acorn Financial Advisory Services Inc. ADV Makes New Investment in Netflix, Inc. $NFLX

Acorn Financial Advisory Services Inc. ADV acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 184 shares of the Internet television network’s stock, valued at approximately $246,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Resurgent Financial Advisors LLC raised its holdings in shares of Netflix by 234.4% during the 1st quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network’s stock worth $942,000 after buying an additional 708 shares in the last quarter. MRA Advisory Group raised its holdings in shares of Netflix by 28.4% during the 2nd quarter. MRA Advisory Group now owns 919 shares of the Internet television network’s stock worth $1,231,000 after buying an additional 203 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of Netflix by 42.1% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 441,861 shares of the Internet television network’s stock worth $412,059,000 after buying an additional 130,946 shares in the last quarter. Sava Infond d.o.o. raised its holdings in shares of Netflix by 25.1% during the 2nd quarter. Sava Infond d.o.o. now owns 1,495 shares of the Internet television network’s stock worth $2,002,000 after buying an additional 300 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. raised its holdings in shares of Netflix by 1.4% during the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 989 shares of the Internet television network’s stock worth $1,324,000 after buying an additional 14 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

NFLX has been the subject of a number of research analyst reports. JPMorgan Chase & Co. boosted their price target on Netflix from $1,230.00 to $1,300.00 and gave the stock a “neutral” rating in a report on Friday, July 18th. Pivotal Research reissued a “buy” rating on shares of Netflix in a report on Thursday, July 10th. Rosenblatt Securities boosted their price objective on Netflix from $1,514.00 to $1,515.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Sanford C. Bernstein boosted their price objective on Netflix from $1,200.00 to $1,390.00 and gave the stock an “outperform” rating in a research report on Thursday, July 17th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Netflix in a research report on Tuesday. Two equities 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 data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,337.63.

Netflix Trading Down 0.3%

NASDAQ NFLX opened at $1,215.35 on Wednesday. The business’s 50-day moving average price is $1,213.15 and its two-hundred day moving average price is $1,172.10. Netflix, Inc. has a 12 month low of $677.88 and a 12 month high of $1,341.15. The firm has a market capitalization of $516.44 billion, a PE ratio of 51.78, a price-to-earnings-growth ratio of 2.05 and a beta of 1.59. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating 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 firm 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 company posted $4.88 EPS. The business’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. On average, analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Transactions at Netflix

In other news, Director Reed Hastings sold 42,176 shares of the business’s stock in a transaction dated 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 transaction, the director directly owned 394 shares of the company’s stock, valued at $461,736.48. The trade was a 99.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Cletus R. Willems sold 238 shares of the business’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total value of $274,537.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 104,100 shares of company stock worth $122,710,980. 1.37% of the stock is currently owned by insiders.

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.