Biltmore Family Office LLC Has $1.01 Million Stake in Netflix, Inc. $NFLX

Biltmore Family Office LLC decreased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 754 shares of the Internet television network’s stock after selling 21 shares during the period. Biltmore Family Office LLC’s holdings in Netflix were worth $1,010,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NFLX. Stephens Consulting LLC raised its position in shares of Netflix by 150.0% during the second quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock valued at $33,000 after buying an additional 15 shares during the last quarter. Rossby Financial LCC acquired a new position in shares of Netflix during the second quarter valued at about $35,000. Flaharty Asset Management LLC acquired a new position in shares of Netflix during the first quarter valued at about $37,000. Maseco LLP acquired a new position in shares of Netflix during the second quarter valued at about $39,000. Finally, LGT Financial Advisors LLC acquired a new position in shares of Netflix during the second quarter valued at about $40,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Performance

NASDAQ NFLX opened at $1,102.50 on Wednesday. The stock has a market cap of $467.16 billion, a P/E ratio of 46.05, a PEG ratio of 1.89 and a beta of 1.59. The company’s 50-day simple moving average is $1,201.97 and its 200 day simple moving average is $1,191.47. Netflix, Inc. has a twelve month low of $747.77 and a twelve month high of $1,341.15. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX) last posted its earnings results on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share for the quarter, missing analysts’ consensus estimates of $6.88 by ($1.01). The business had revenue of $11.51 billion during the quarter, compared to the consensus estimate of $11.52 billion. Netflix had a net margin of 24.05% and a return on equity of 41.86%. The business’s revenue was up 17.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.40 EPS. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. As a group, research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on NFLX. Seaport Res Ptn raised shares of Netflix from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. Pivotal Research reaffirmed a “buy” rating on shares of Netflix in a research report on Thursday, July 10th. Loop Capital raised shares of Netflix from a “hold” rating to a “buy” rating and upped their price objective for the company from $1,150.00 to $1,350.00 in a research report on Wednesday, September 17th. JPMorgan Chase & Co. cut their price objective on shares of Netflix from $1,300.00 to $1,275.00 and set a “neutral” rating for the company in a research report on Wednesday, October 22nd. Finally, Arete upped their price objective on shares of Netflix from $833.00 to $1,084.00 and gave the company a “neutral” rating in a research report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,344.64.

Insider Activity

In other Netflix news, CEO Gregory K. Peters sold 2,026 shares of the company’s stock in a transaction dated Tuesday, August 5th. The shares were 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 directly owned 12,781 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Spencer Adam Neumann sold 2,600 shares of the company’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $1,172.51, for a total transaction of $3,048,526.00. Following the sale, the chief financial officer directly owned 3,691 shares in the company, valued at $4,327,734.41. This represents a 41.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 104,100 shares of company stock valued at $122,710,980. Corporate insiders own 1.37% of the company’s stock.

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.