Cornell Pochily Investment Advisors Inc. Has $471,000 Stock Holdings in Netflix, Inc. $NFLX

Cornell Pochily Investment Advisors Inc. grew its stake in Netflix, Inc. (NASDAQ:NFLX) by 2.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 352 shares of the Internet television network’s stock after buying an additional 10 shares during the period. Cornell Pochily Investment Advisors Inc.’s holdings in Netflix were worth $471,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in NFLX. Nuveen LLC bought a new stake in shares of Netflix during the 1st quarter valued at about $2,385,585,000. Kingstone Capital Partners Texas LLC boosted its position in shares of Netflix by 343,058.2% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 2,463,876 shares of the Internet television network’s stock valued at $3,299,450,000 after purchasing an additional 2,463,158 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Netflix by 57.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network’s stock valued at $3,164,134,000 after purchasing an additional 1,236,251 shares in the last quarter. Amundi boosted its position in shares of Netflix by 37.7% during the 1st quarter. Amundi now owns 2,070,221 shares of the Internet television network’s stock valued at $1,898,496,000 after purchasing an additional 567,251 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Netflix by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network’s stock valued at $35,433,585,000 after purchasing an additional 509,255 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Performance

Shares of Netflix stock opened at $1,162.53 on Friday. The business’s fifty day simple moving average is $1,207.90 and its 200 day simple moving average is $1,157.42. The firm has a market capitalization of $493.99 billion, a P/E ratio of 49.53, a price-to-earnings-growth ratio of 1.97 and a beta of 1.59. Netflix, Inc. has a 12 month low of $677.88 and a 12 month high of $1,341.15. 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 issued its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping analysts’ consensus estimates of $7.07 by $0.12. The business had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.Netflix’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period last year, the company posted $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 anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Buying and Selling at Netflix

In related news, Director Reed Hastings sold 42,176 shares of Netflix stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total transaction of $49,426,897.92. Following the sale, the director directly owned 394 shares in the company, valued at approximately $461,736.48. This trade represents a 99.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Cletus R. Willems sold 238 shares of Netflix stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $1,153.52, for a total value of $274,537.76. The disclosure for this sale can be found here. Insiders sold a total of 104,100 shares of company stock valued at $122,710,980 in the last ninety days. 1.37% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Loop Capital upgraded Netflix from a “hold” rating to a “buy” rating and upped their target price for the company from $1,150.00 to $1,350.00 in a research report on Wednesday, September 17th. Wedbush restated an “outperform” rating and set a $1,500.00 target price (up previously from $1,400.00) on shares of Netflix in a research report on Monday, July 14th. Wall Street Zen upgraded Netflix from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Phillip Securities lowered Netflix from a “hold” rating to a “strong sell” rating in a research report on Monday, July 21st. Finally, JPMorgan Chase & Co. raised their price objective on Netflix from $1,230.00 to $1,300.00 and gave the company a “neutral” rating in a research note on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,334.03.

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.