MRA Advisory Group Sells 7,944 Shares of Netflix, Inc. $NFLX

MRA Advisory Group cut its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 72.6% during the 2nd quarter, Holdings Channel reports. The firm owned 2,992 shares of the Internet television network’s stock after selling 7,944 shares during the quarter. MRA Advisory Group’s holdings in Netflix were worth $214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of NFLX. Rockland Trust Co. lifted its stake in Netflix by 7,515.5% in the 2nd quarter. Rockland Trust Co. now owns 171,882 shares of the Internet television network’s stock valued at $12,272,000 after purchasing an additional 169,625 shares during the last quarter. Bright Rock Capital Management LLC acquired a new position in Netflix during the second quarter worth approximately $7,140,000. Thurston Springer Miller Herd & Titak Inc. increased its position in Netflix by 27.4% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,745 shares of the Internet television network’s stock worth $196,000 after buying an additional 590 shares during the last quarter. Beacon Investment Advisory Services Inc. raised its stake in Netflix by 49.1% in the second quarter. Beacon Investment Advisory Services Inc. now owns 790 shares of the Internet television network’s stock valued at $56,000 after buying an additional 260 shares during the period. Finally, Colorado Capital Management Inc. raised its stake in Netflix by 6.0% in the second quarter. Colorado Capital Management Inc. now owns 2,842 shares of the Internet television network’s stock valued at $203,000 after buying an additional 162 shares during the period. 80.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Jefferies Financial Group cut their price objective on Netflix from $128.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft set a $110.00 target price on Netflix in a report on Monday, July 20th. Bank of America restated a “buy” rating and issued a $125.00 price target on shares of Netflix in a research note on Monday, May 18th. KeyCorp reaffirmed an “overweight” rating and set a $92.00 price target (down from $115.00) on shares of Netflix in a report on Monday, July 13th. Finally, The Goldman Sachs Group cut shares of Netflix from an “underweight” rating to a “sell” rating in a research report on Monday, July 20th. Four analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, seventeen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $103.48.

Insider Activity at Netflix

In other news, Director Bradford L. Smith sold 35,990 shares of the stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $77.52, for a total transaction of $2,789,944.80. Following the completion of the sale, the director directly owned 79,690 shares in the company, valued at $6,177,568.80. This represents a 31.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David A. Hyman sold 5,723 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $72.85, for a total value of $416,920.55. Following the sale, the insider owned 316,100 shares in the company, valued at approximately $23,027,885. The trade was a 1.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 591,047 shares of company stock valued at $48,355,766 in the last quarter. Insiders own 1.24% of the company’s stock.

Netflix Stock Up 0.6%

Shares of NASDAQ NFLX opened at $74.14 on Friday. The stock has a market capitalization of $308.71 billion, a P/E ratio of 23.34, a PEG ratio of 0.93 and a beta of 1.52. The stock’s fifty day moving average is $75.32 and its 200 day moving average is $84.88. Netflix, Inc. has a 52 week low of $65.08 and a 52 week high of $126.71. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.14 and a current ratio of 1.14.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, July 16th. The Internet television network reported $0.80 EPS for the quarter, beating the consensus estimate of $0.79 by $0.01. Netflix had a net margin of 28.22% and a return on equity of 40.02%. The business had revenue of $12.56 billion during the quarter, compared to the consensus estimate of $12.58 billion. During the same quarter in the prior year, the firm earned $0.72 EPS. The firm’s revenue was up 13.4% compared to the same quarter last year. Sell-side analysts forecast that Netflix, Inc. will post 3.59 earnings per share for the current fiscal year.

Key Stories Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix will exclusively premiere Grand Theft Auto VI: An Extended Look on August 27, six hours before its YouTube release. The high-profile Rockstar Games event could drive subscriber engagement, streaming traffic and broader attention to Netflix’s platform. GTA VI Extended Look to Debut on Netflix
• Positive Sentiment: Wall Street’s outlook remains moderately bullish despite NFLX’s weak recent performance. Analysts’ consensus rating is “Moderate Buy,” with an average price target of approximately $103.48, substantially above recent trading levels. Netflix Receives Moderate Buy Consensus
• Positive Sentiment: One valuation analysis estimates Netflix could be about 26% undervalued based on discounted-cash-flow and market-multiple models. A multiyear licensing agreement involving The Walking Dead universe may provide additional content and monetization opportunities. Netflix May Be Undervalued
• Neutral Sentiment: Netflix’s latest quarterly results were mixed: earnings per share narrowly beat estimates and revenue rose 13.4% year over year, but revenue slightly missed expectations. Investors may therefore remain focused on future growth and engagement trends.
• Negative Sentiment: CEO Gregory Peters sold 27,312 shares worth about $2.0 million, reducing his direct holdings by 18.42%. Director Richard Barton also sold 2,160 shares for approximately $162,000. Barton’s sale was made under a pre-arranged Rule 10b5-1 plan, limiting its significance, but the combined insider selling may still weigh on sentiment. Netflix Insider Selling
• Negative Sentiment: Netflix has underperformed the S&P 500 over the past year amid concerns about engagement, limited viewing-data disclosure and intensifying streaming competition. The shares also remain below their major moving averages, signaling continued technical pressure. Netflix Underperforms the S&P 500

Netflix Profile

Netflix, Inc (NASDAQ: NFLX) is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company’s primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.