Netflix, Inc. $NFLX Shares Purchased by Smith Group Asset Management LLC

Smith Group Asset Management LLC raised its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,124 shares of the Internet television network’s stock after purchasing an additional 943 shares during the period. Netflix accounts for approximately 3.3% of Smith Group Asset Management LLC’s holdings, making the stock its 7th biggest position. Smith Group Asset Management LLC’s holdings in Netflix were worth $49,714,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Stephens Consulting LLC lifted its stake in shares of Netflix by 150.0% in the 2nd quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock worth $33,000 after acquiring an additional 15 shares during the period. Flaharty Asset Management LLC acquired a new stake in shares of Netflix in the 1st quarter worth approximately $37,000. Maseco LLP acquired a new stake in shares of Netflix in the 2nd quarter worth approximately $39,000. LGT Financial Advisors LLC acquired a new stake in shares of Netflix in the 2nd quarter worth approximately $40,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Netflix in the 1st quarter worth approximately $42,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on NFLX. KeyCorp upped their price target on shares of Netflix from $1,070.00 to $1,390.00 and gave the stock an “overweight” rating in a research note on Thursday, July 10th. Robert W. Baird upped their price target on shares of Netflix from $1,300.00 to $1,500.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. Seaport Res Ptn raised shares of Netflix from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Morgan Stanley set a $1,500.00 target price on shares of Netflix in a report on Monday, October 13th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $1,500.00 target price on shares of Netflix in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,352.78.

Netflix Stock Down 0.2%

NFLX stock opened at $1,113.59 on Friday. Netflix, Inc. has a 52-week low of $746.25 and a 52-week high of $1,341.15. The company’s 50 day simple moving average is $1,210.10 and its 200-day simple moving average is $1,183.73. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.34. The firm has a market capitalization of $473.19 billion, a P/E ratio of 46.52, a P/E/G ratio of 1.89 and a beta of 1.59.

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 analysts’ consensus estimates of $6.88 by ($1.01). Netflix had a net margin of 24.05% and a return on equity of 41.86%. The firm had revenue of $11.51 billion for the quarter, compared to analyst estimates of $11.52 billion. During the same quarter in the prior year, the firm earned $5.40 EPS. The firm’s revenue was up 17.2% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. As a group, equities research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Buying and Selling at Netflix

In other news, Director Reed Hastings sold 42,176 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total transaction of $49,426,897.92. Following the sale, the director owned 394 shares in the company, valued at $461,736.48. The trade was a 99.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Cletus R. Willems sold 238 shares of the business’s 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 transaction of $274,537.76. 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 three months. 1.37% of the stock is owned by insiders.

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.