MCF Advisors LLC Has $191,000 Holdings in Netflix, Inc. $NFLX

MCF Advisors LLC lessened its holdings in Netflix, Inc. (NASDAQ:NFLX) by 81.1% during the second quarter, HoldingsChannel.com reports. The fund owned 2,675 shares of the Internet television network’s stock after selling 11,496 shares during the period. MCF Advisors LLC’s holdings in Netflix were worth $191,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Scholtz & Company LLC grew its stake in shares of Netflix by 3.5% during the second quarter. Scholtz & Company LLC now owns 54,213 shares of the Internet television network’s stock worth $3,871,000 after buying an additional 1,847 shares during the last quarter. National Pension Service lifted its stake in shares of Netflix by 2.8% in the 2nd quarter. National Pension Service now owns 9,718,007 shares of the Internet television network’s stock valued at $693,866,000 after acquiring an additional 262,088 shares during the last quarter. Engineers Gate Manager LP lifted its stake in shares of Netflix by 954.0% in the 2nd quarter. Engineers Gate Manager LP now owns 67,520 shares of the Internet television network’s stock valued at $4,821,000 after acquiring an additional 61,114 shares during the last quarter. Cidel Asset Management Inc. boosted its holdings in shares of Netflix by 45.4% during the 2nd quarter. Cidel Asset Management Inc. now owns 184,045 shares of the Internet television network’s stock valued at $13,141,000 after acquiring an additional 57,500 shares in the last quarter. Finally, Plimoth Trust Co. LLC increased its holdings in Netflix by 13.2% in the 2nd quarter. Plimoth Trust Co. LLC now owns 21,187 shares of the Internet television network’s stock worth $1,513,000 after purchasing an additional 2,473 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix News Roundup

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix is benefiting from strong digital viewing and higher content consumption, supporting the broader outlook for broadcast, television and streaming companies. Broadcast and TV industry outlook
• Positive Sentiment: The company plans longer theatrical releases for six upcoming films and will report their box-office revenue, potentially creating an additional monetization channel and improving the economics of its film business. Netflix theatrical release strategy
• Positive Sentiment: Analysts continue to highlight Netflix’s advertising-tier potential, with one forecast calling for advertising revenue to surpass $6 billion in 2027. This would support growth beyond subscriptions if execution meets expectations.
• Neutral Sentiment: Options-market activity has attracted attention, but the available report does not identify a clear bullish or bearish positioning signal. Netflix options activity
• Neutral Sentiment: Director Richard Barton sold 720 shares worth about $54,194 under a pre-arranged Rule 10b5-1 plan. The relatively small, scheduled transaction offers limited insight into management’s current outlook. Netflix director stock sale
• Neutral Sentiment: Reported short-interest data showed zero shares and a zero-day short ratio, an apparently inconsistent figure that provides no meaningful trading signal.
• Negative Sentiment: Florida sued Netflix for billions, alleging that it misled families and tracked children’s data for advertising. The case could create legal costs, reputational damage and uncertainty around the economics of the company’s fastest-growing advertising business. Florida lawsuit over Netflix children’s data
• Negative Sentiment: Recent commentary raised concerns about a weak second-quarter outlook and slowing demand momentum compared with some major media competitors. Netflix outlook concerns
• Negative Sentiment: A poll found that most Canadians support requiring streaming services to fund local content, signaling possible additional production obligations and regulatory costs for Netflix in Canada. Canadian streaming regulation

Analysts Set New Price Targets

Several research firms have commented on NFLX. Daiwa Securities Group dropped their target price on Netflix from $102.00 to $76.00 and set an “outperform” rating for the company in a research report on Wednesday, July 22nd. Robert W. Baird set a $90.00 price objective on Netflix and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. CLSA began coverage on shares of Netflix in a report on Monday, July 20th. They issued an “outperform” rating for the company. Jefferies Financial Group reduced their target price on shares of Netflix from $110.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, July 17th. Finally, Wedbush decreased their price target on shares of Netflix from $118.00 to $105.00 and set an “outperform” rating for the company in a research report on Friday, July 17th. Four analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $96.65.

Netflix Stock Up 1.8%

Netflix stock opened at $77.40 on Friday. The firm has a market cap of $322.29 billion, a price-to-earnings ratio of 24.36, a PEG ratio of 1.07 and a beta of 1.53. Netflix, Inc. has a 52-week low of $65.08 and a 52-week high of $124.86. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a 50 day moving average price of $75.71 and a two-hundred day moving average price of $84.38.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, July 16th. The Internet television network reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.01. Netflix had a net margin of 28.22% and a return on equity of 40.02%. The company had revenue of $12.56 billion for the quarter, compared to analyst estimates of $12.58 billion. During the same period in the prior year, the firm posted $0.72 EPS. The company’s quarterly revenue was up 13.4% on a year-over-year basis. Equities analysts predict that Netflix, Inc. will post 3.59 EPS for the current year.

Insider Activity

In related news, CEO Gregory K. Peters sold 27,312 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $73.54, for a total transaction of $2,008,524.48. Following the completion of the sale, the chief executive officer owned 120,931 shares of the company’s stock, valued at $8,893,265.74. This trade represents a 18.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Spencer Neumann sold 9,248 shares of Netflix stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $75.79, for a total value of $700,905.92. Following the completion of the sale, the chief financial officer owned 73,787 shares of the company’s stock, valued at approximately $5,592,316.73. The trade was a 11.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 215,035 shares of company stock worth $15,922,139. 1.24% of the stock is owned by insiders.

About Netflix

Netflix, Inc (NASDAQ:NFLX) is a global entertainment company that provides subscription-based streaming access to television series, films, documentaries and other video content. Its service includes Netflix-produced and licensed programming, with offerings that may vary by market. The company also provides an advertising-supported plan in selected countries and has expanded into mobile games and other interactive entertainment.

Netflix was founded in 1997 by Reed Hastings and Marc Randolph as a DVD-by-mail rental service in the United States.