Carnegie Investment Counsel Increases Position in Netflix, Inc. $NFLX

Carnegie Investment Counsel raised its holdings in Netflix, Inc. (NASDAQ:NFLX) by 64.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,498 shares of the Internet television network’s stock after purchasing an additional 979 shares during the quarter. Carnegie Investment Counsel’s holdings in Netflix were worth $3,345,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. BG Investment Services Inc. purchased a new stake in Netflix in the second quarter valued at $338,000. Resurgent Financial Advisors LLC boosted its holdings in Netflix by 234.4% in the first quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network’s stock valued at $942,000 after purchasing an additional 708 shares during the last quarter. MRA Advisory Group boosted its holdings in Netflix by 28.4% in the second quarter. MRA Advisory Group now owns 919 shares of the Internet television network’s stock valued at $1,231,000 after purchasing an additional 203 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Netflix by 42.1% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 441,861 shares of the Internet television network’s stock valued at $412,059,000 after purchasing an additional 130,946 shares during the last quarter. Finally, Sava Infond d.o.o. boosted its holdings in Netflix by 25.1% in the second quarter. Sava Infond d.o.o. now owns 1,495 shares of the Internet television network’s stock valued at $2,002,000 after purchasing an additional 300 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on NFLX shares. Morgan Stanley set a $1,500.00 target price on shares of Netflix in a research note on Monday, October 13th. Guggenheim reissued a “buy” rating and set a $1,450.00 target price on shares of Netflix in a research note on Wednesday. Wells Fargo & Company lowered their target price on shares of Netflix from $1,560.00 to $1,510.00 and set an “overweight” rating on the stock in a research note on Wednesday. Weiss Ratings reissued a “buy (b)” rating on shares of Netflix in a research note on Wednesday, October 8th. Finally, UBS Group set a $1,500.00 target price on shares of Netflix in a research note on Wednesday. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,352.78.

Netflix Stock Down 1.7%

NFLX opened at $1,094.69 on Friday. 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 1.34, a current ratio of 1.33 and a debt-to-equity ratio of 0.56. The company has a 50-day moving average price of $1,207.21 and a 200 day moving average price of $1,185.28. The company has a market cap of $463.85 billion, a PE ratio of 45.73, a price-to-earnings-growth ratio of 1.92 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 for the quarter, missing the consensus estimate of $6.88 by ($1.01). Netflix had a return on equity of 41.86% and a net margin of 24.05%.The company had revenue of $11.51 billion for the quarter, compared to analyst estimates of $11.52 billion. During the same quarter last year, the company earned $5.40 EPS. The firm’s revenue for the quarter was up 17.2% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. Sell-side analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Netflix news, CEO Theodore A. Sarandos sold 2,026 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the completion of the sale, the chief executive officer owned 15,168 shares in the company, valued at approximately $17,604,284.16. This represents a 11.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 2,026 shares of the 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 completion of the sale, the chief executive officer owned 12,781 shares of the company’s stock, valued at approximately $14,793,240.64. The trade was a 13.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,100 shares of company stock worth $122,710,980 in the last 90 days. Corporate insiders own 1.37% of the company’s stock.

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.