Strategic Blueprint LLC raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX – Free Report) by 5.6% during the second quarter, HoldingsChannel.com reports. The firm owned 3,857 shares of the Internet television network’s stock after buying an additional 203 shares during the period. Strategic Blueprint LLC’s holdings in Netflix were worth $5,165,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the business. Optima Capital LLC grew its holdings in shares of Netflix by 3.5% during the second quarter. Optima Capital LLC now owns 239 shares of the Internet television network’s stock valued at $320,000 after buying an additional 8 shares during the last quarter. Unified Investment Management grew its holdings in shares of Netflix by 1.7% during the second quarter. Unified Investment Management now owns 474 shares of the Internet television network’s stock valued at $635,000 after buying an additional 8 shares during the last quarter. Plancorp LLC grew its holdings in shares of Netflix by 0.6% during the second quarter. Plancorp LLC now owns 1,278 shares of the Internet television network’s stock valued at $1,711,000 after buying an additional 8 shares during the last quarter. Five Oceans Advisors grew its holdings in shares of Netflix by 1.1% during the second quarter. Five Oceans Advisors now owns 751 shares of the Internet television network’s stock valued at $1,006,000 after buying an additional 8 shares during the last quarter. Finally, Old Port Advisors grew its holdings in shares of Netflix by 1.3% during the second quarter. Old Port Advisors now owns 624 shares of the Internet television network’s stock valued at $836,000 after buying an additional 8 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Netflix
In related news, CFO Spencer Adam Neumann sold 2,601 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $1,162.40, for a total transaction of $3,023,402.40. Following the transaction, the chief financial officer owned 3,691 shares of the company’s stock, valued at approximately $4,290,418.40. This represents a 41.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Gregory K. Peters sold 2,026 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the transaction, the chief executive officer directly owned 12,781 shares of the company’s stock, valued at $14,793,240.64. This trade represents a 13.68% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 104,100 shares of company stock valued at $122,710,980. 1.37% of the stock is owned by corporate insiders.
Netflix Trading Down 10.1%
Netflix (NASDAQ:NFLX – Get Free Report) last released its quarterly earnings data on Tuesday, October 21st. The Internet television network reported $5.87 EPS for the quarter, missing analysts’ consensus estimates of $6.88 by ($1.01). The company had revenue of $11.51 billion for the quarter, compared to analysts’ expectations of $11.52 billion. Netflix had a return on equity of 42.45% and a net margin of 24.05%.The firm’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the prior year, the firm posted $5.40 EPS. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. As a group, equities research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on NFLX shares. UBS Group set a $1,500.00 target price on shares of Netflix in a research note on Wednesday. TD Cowen cut their price objective on shares of Netflix from $1,450.00 to $1,425.00 and set a “buy” rating for the company in a report on Tuesday, October 7th. Seaport Res Ptn upgraded shares of Netflix from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Jefferies Financial Group reissued a “buy” rating and issued a $1,500.00 price target on shares of Netflix in a research report on Wednesday. Finally, Rosenblatt Securities raised their price target on shares of Netflix from $1,515.00 to $1,530.00 and gave the company a “buy” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,341.22.
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.
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