Almanack Investment Partners LLC. Has $3.27 Million Holdings in Netflix, Inc. $NFLX

Almanack Investment Partners LLC. raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 101.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,445 shares of the Internet television network’s stock after buying an additional 1,229 shares during the quarter. Netflix comprises 0.5% of Almanack Investment Partners LLC.’s investment portfolio, making the stock its 29th largest holding. Almanack Investment Partners LLC.’s holdings in Netflix were worth $3,274,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Halbert Hargrove Global Advisors LLC raised its stake in shares of Netflix by 100.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock valued at $25,000 after purchasing an additional 13 shares in the last quarter. Flaharty Asset Management LLC acquired a new position in shares of Netflix in the first quarter valued at $37,000. Maseco LLP acquired a new position in shares of Netflix in the second quarter valued at $39,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Netflix in the first quarter valued at $42,000. Finally, 1248 Management LLC acquired a new position in shares of Netflix in the first quarter valued at $43,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Stock Performance

Shares of NASDAQ:NFLX opened at $1,220.08 on Monday. The business’s fifty day moving average price is $1,210.84 and its two-hundred day moving average price is $1,169.80. Netflix, Inc. has a fifty-two week low of $677.88 and a fifty-two week high of $1,341.15. The stock has a market capitalization of $518.45 billion, a price-to-earnings ratio of 51.98, a price-to-earnings-growth ratio of 2.05 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping the consensus estimate of $7.07 by $0.12. The company had revenue of $11.08 billion for the quarter, compared to analysts’ expectations of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The business’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on NFLX. Zacks Research lowered Netflix from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 1st. TD Cowen cut their target price on Netflix from $1,450.00 to $1,425.00 and set a “buy” rating for the company in a research note on Tuesday, October 7th. Cowen restated a “buy” rating on shares of Netflix in a research note on Tuesday, October 7th. Itau BBA Securities initiated coverage on Netflix in a research note on Tuesday, October 7th. They issued an “outperform” rating and a $1,514.00 target price for the company. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Netflix in a research report on Thursday, September 11th. Two 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 assigned a Sell rating to the stock. According to MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,337.63.

Insider Activity at Netflix

In other news, CEO Gregory K. Peters sold 2,026 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the sale, the chief executive officer owned 12,781 shares in the company, valued at approximately $14,793,240.64. This represents a 13.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Theodore A. Sarandos sold 2,026 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the sale, the chief executive officer owned 15,168 shares in the company, valued at $17,604,284.16. The trade was a 11.78% 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 valued at $122,710,980. 1.37% of the stock is currently owned by company 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.