Netflix, Inc. $NFLX Shares Acquired by Retirement Planning Group LLC

Retirement Planning Group LLC grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.7% in the second quarter, according to its most recent filing with the SEC. The firm owned 1,890 shares of the Internet television network’s stock after acquiring an additional 49 shares during the quarter. Retirement Planning Group LLC’s holdings in Netflix were worth $2,532,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in NFLX. Nuveen LLC acquired a new stake in shares of Netflix in the first quarter valued at $2,385,585,000. Kingstone Capital Partners Texas LLC lifted its holdings in shares of Netflix by 343,058.2% in the second quarter. Kingstone Capital Partners Texas LLC now owns 2,463,876 shares of the Internet television network’s stock valued at $3,299,450,000 after buying an additional 2,463,158 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Netflix by 57.3% in the first quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network’s stock valued at $3,164,134,000 after buying an additional 1,236,251 shares during the period. Amundi lifted its holdings in shares of Netflix by 37.7% in the first quarter. Amundi now owns 2,070,221 shares of the Internet television network’s stock valued at $1,898,496,000 after buying an additional 567,251 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Netflix by 1.4% in 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 period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Activity at Netflix

In related news, CEO Theodore A. Sarandos sold 2,026 shares of the 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 owned 15,168 shares in the company, valued at $17,604,284.16. This represents a 11.78% 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 stock in a transaction that occurred on 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. Insiders have sold a total of 104,100 shares of company stock worth $122,710,980 in the last 90 days. Insiders own 1.37% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on NFLX shares. Weiss Ratings reissued a “buy (b)” rating on shares of Netflix in a research report on Wednesday, October 8th. Sanford C. Bernstein reissued a “buy” rating on shares of Netflix in a research report on Friday, October 17th. Itau BBA Securities started coverage on Netflix in a research report on Tuesday, October 7th. They set an “outperform” rating and a $1,514.00 price target on the stock. BMO Capital Markets reissued an “outperform” rating and set a $1,425.00 price target (up from $1,200.00) on shares of Netflix in a research report on Tuesday, July 15th. Finally, Barclays restated a “sell” rating and issued a $1,100.00 target price (up previously from $1,000.00) on shares of Netflix in a research note on Wednesday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $1,339.81.

Netflix Stock Performance

NFLX opened at $1,241.35 on Wednesday. The company has a market cap of $527.49 billion, a PE ratio of 52.89, a price-to-earnings-growth ratio of 2.08 and a beta of 1.59. The stock has a 50-day moving average of $1,214.20 and a 200-day moving average of $1,182.49. Netflix, Inc. has a 52-week low of $744.26 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.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.88 by ($1.01). The company had revenue of $11.51 billion for the quarter, compared to the consensus estimate of $11.52 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The business’s revenue was up 17.2% compared to the same quarter last year. During the same quarter last year, the company posted $5.40 EPS. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. As a group, equities research 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.