CBIZ Investment Advisory Services LLC Grows Position in Netflix, Inc. $NFLX

CBIZ Investment Advisory Services LLC increased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 231.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 63 shares of the Internet television network’s stock after buying an additional 44 shares during the period. CBIZ Investment Advisory Services LLC’s holdings in Netflix were worth $59,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Resurgent Financial Advisors LLC increased its stake in shares of Netflix by 234.4% during the first quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network’s stock worth $942,000 after buying an additional 708 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of Netflix by 42.1% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 441,861 shares of the Internet television network’s stock worth $412,059,000 after buying an additional 130,946 shares during the period. PharVision Advisers LLC purchased a new stake in shares of Netflix during the fourth quarter worth approximately $873,000. New England Research & Management Inc. increased its stake in shares of Netflix by 148.5% during the first quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network’s stock worth $1,979,000 after buying an additional 1,268 shares during the period. Finally, Westbourne Investments Inc. increased its stake in shares of Netflix by 107.9% during the first quarter. Westbourne Investments Inc. now owns 2,408 shares of the Internet television network’s stock worth $2,246,000 after buying an additional 1,250 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NFLX has been the topic of a number of recent research reports. Rosenblatt Securities upped their target price on shares of Netflix from $1,514.00 to $1,515.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Sanford C. Bernstein increased their price target on shares of Netflix from $1,200.00 to $1,390.00 and gave the company an “outperform” rating in a research note on Thursday, July 17th. Seaport Res Ptn lowered shares of Netflix from a “strong-buy” rating to a “hold” rating in a research note on Sunday, July 6th. KeyCorp increased their price target on shares of Netflix from $1,070.00 to $1,390.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. Finally, Evercore ISI reiterated an “outperform” rating on shares of Netflix in a research note on Thursday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,317.58.

Insiders Place Their Bets

In other news, insider David A. Hyman sold 424 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,158.67, for a total value of $491,276.08. Following the completion of the sale, the insider directly owned 31,610 shares of the company’s stock, valued at approximately $36,625,558.70. This represents a 1.32% 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 this hyperlink. Also, CEO Gregory K. Peters sold 2,026 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the completion of the sale, the chief executive officer directly owned 12,781 shares of the company’s stock, valued at $14,793,240.64. The trade was a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 89,348 shares of company stock valued at $109,498,489. 1.37% of the stock is owned by insiders.

Netflix Price Performance

NFLX stock opened at $1,203.50 on Friday. The company has a market capitalization of $511.40 billion, a P/E ratio of 51.28, a PEG ratio of 2.10 and a beta of 1.60. Netflix, Inc. has a twelve month low of $677.88 and a twelve month high of $1,341.15. The business has a 50 day simple moving average of $1,220.29 and a 200-day simple moving average of $1,130.00. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating the consensus estimate of $7.07 by $0.12. The business had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The company’s revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the company 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, equities analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

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.