Logan Capital Management Inc. Has $61.66 Million Position in Netflix, Inc. $NFLX

Logan Capital Management Inc. decreased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 9.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,046 shares of the Internet television network’s stock after selling 5,005 shares during the period. Netflix comprises 2.9% of Logan Capital Management Inc.’s portfolio, making the stock its 5th biggest holding. Logan Capital Management Inc.’s holdings in Netflix were worth $61,662,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BG Investment Services Inc. acquired a new stake in shares of Netflix during the second quarter worth approximately $338,000. Resurgent Financial Advisors LLC raised its stake in shares of 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 acquiring an additional 708 shares during the last quarter. MRA Advisory Group raised its stake in shares of 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 acquiring an additional 203 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of 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 acquiring an additional 130,946 shares during the last quarter. Finally, Sava Infond d.o.o. raised its stake in shares of 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 acquiring an additional 300 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

NFLX stock opened at $1,094.56 on Tuesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.33. The company has a 50 day moving average price of $1,204.20 and a 200 day moving average price of $1,190.20. Netflix, Inc. has a fifty-two week low of $747.77 and a fifty-two week high of $1,341.15. The stock has a market capitalization of $463.80 billion, a PE ratio of 45.72, a price-to-earnings-growth ratio of 1.89 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $11.52 billion. During the same quarter last year, the firm earned $5.40 EPS. The business’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. Analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on NFLX shares. KeyCorp lifted their target price 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. Weiss Ratings reiterated a “buy (b)” rating on shares of Netflix in a research note on Wednesday, October 8th. TD Cowen cut their target price on shares of 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. Sanford C. Bernstein reiterated a “buy” rating on shares of Netflix in a research note on Friday, October 17th. Finally, Phillip Securities cut shares of Netflix from a “hold” rating to a “strong sell” rating in a research note on Monday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Netflix has a consensus rating of “Moderate Buy” and a consensus price target of $1,352.78.

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 value of $2,344,973.44. Following the transaction, the chief executive officer owned 12,781 shares of the company’s stock, valued at $14,793,240.64. This represents a 13.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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. In the last ninety days, insiders have sold 104,100 shares of company stock worth $122,710,980. 1.37% of the stock is owned by company insiders.

Netflix Company 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.