Netflix, Inc. $NFLX Shares Acquired by Northeast Financial Group Inc.

Northeast Financial Group Inc. grew its holdings in Netflix, Inc. (NASDAQ:NFLX) by 6.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 314 shares of the Internet television network’s stock after buying an additional 18 shares during the quarter. Northeast Financial Group Inc.’s holdings in Netflix were worth $420,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dogwood Wealth Management LLC raised its holdings in Netflix by 335.8% during the second quarter. Dogwood Wealth Management LLC now owns 767 shares of the Internet television network’s stock worth $979,000 after purchasing an additional 591 shares during the last quarter. Client 1ST Advisory Group LLC acquired a new position in Netflix during the second quarter worth $224,000. Vigilare Wealth Management raised its holdings in Netflix by 140.3% during the second quarter. Vigilare Wealth Management now owns 805 shares of the Internet television network’s stock worth $1,078,000 after purchasing an additional 470 shares during the last quarter. First Pacific Financial raised its holdings in Netflix by 331.0% during the second quarter. First Pacific Financial now owns 362 shares of the Internet television network’s stock worth $485,000 after purchasing an additional 278 shares during the last quarter. Finally, Ninety One SA PTY Ltd acquired a new position in Netflix during the second quarter worth $16,836,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Netflix news, insider Cletus R. Willems sold 238 shares of the business’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $1,153.52, for a total transaction of $274,537.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Theodore A. Sarandos sold 2,026 shares of the business’s 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 sale, the chief executive officer directly owned 15,168 shares of the company’s stock, valued at approximately $17,604,284.16. This trade represents a 11.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 59,324 shares of company stock valued at $70,235,556 in the last 90 days. 1.37% of the stock is owned by corporate insiders.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $1,198.92 on Wednesday. The company has a market cap of $509.46 billion, a P/E ratio of 51.08, a P/E/G ratio of 2.03 and a beta of 1.60. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 52 week low of $677.88 and a 52 week high of $1,341.15. The business has a fifty day simple moving average of $1,208.39 and a 200-day simple moving average of $1,155.85.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating analysts’ consensus estimates 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 business’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Equities research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on NFLX shares. Loop Capital raised Netflix from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $1,150.00 to $1,350.00 in a report on Wednesday, September 17th. KeyCorp lifted their price objective on Netflix from $1,070.00 to $1,390.00 and gave the stock an “overweight” rating in a report on Thursday, July 10th. Sanford C. Bernstein boosted their price target on Netflix from $1,200.00 to $1,390.00 and gave the stock an “outperform” rating in a report on Thursday, July 17th. BMO Capital Markets reissued an “outperform” rating and issued a $1,425.00 price target (up from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. Finally, Wall Street Zen raised Netflix from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,334.03.

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.