Netflix, Inc. $NFLX Shares Bought by NewEdge Advisors LLC

NewEdge Advisors LLC raised its position in Netflix, Inc. (NASDAQ:NFLX) by 11.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 621,731 shares of the Internet television network’s stock after purchasing an additional 63,008 shares during the period. NewEdge Advisors LLC’s holdings in Netflix were worth $44,392,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of NFLX. Hedeker Wealth LLC increased its stake in Netflix by 2.0% during the second quarter. Hedeker Wealth LLC now owns 10,331 shares of the Internet television network’s stock worth $738,000 after acquiring an additional 200 shares during the last quarter. IFP Advisors Inc grew its stake in shares of Netflix by 48.7% during the second quarter. IFP Advisors Inc now owns 253,572 shares of the Internet television network’s stock valued at $18,105,000 after acquiring an additional 83,081 shares in the last quarter. Baird Financial Group Inc. increased its position in shares of Netflix by 44.2% during the second quarter. Baird Financial Group Inc. now owns 1,096,286 shares of the Internet television network’s stock worth $78,275,000 after acquiring an additional 336,134 shares during the last quarter. Beacon Investment Advisory Services Inc. lifted its stake in shares of Netflix by 49.1% in the second quarter. Beacon Investment Advisory Services Inc. now owns 790 shares of the Internet television network’s stock worth $56,000 after acquiring an additional 260 shares in the last quarter. Finally, One Charles Private Wealth Services LLC boosted its holdings in Netflix by 6.2% in the second quarter. One Charles Private Wealth Services LLC now owns 3,200 shares of the Internet television network’s stock valued at $228,000 after purchasing an additional 187 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Activity at Netflix

In other Netflix news, Director Richard Barton sold 720 shares of the stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $77.60, for a total transaction of $55,872.00. Following the sale, the director directly owned 2,460 shares of the company’s stock, valued at approximately $190,896. This represents a 22.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Theodore Sarandos sold 27,312 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $73.35, for a total transaction of $2,003,335.20. Following the completion of the transaction, the chief executive officer owned 178,954 shares in the company, valued at approximately $13,126,275.90. The trade was a 13.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 214,315 shares of company stock valued at $15,867,944 in the last ninety days. 1.24% of the stock is owned by insiders.

Analyst Ratings Changes

NFLX has been the subject of a number of recent analyst reports. BMO Capital Markets restated an “outperform” rating on shares of Netflix in a research note on Friday, August 14th. KeyCorp reiterated an “overweight” rating and set a $92.00 target price (down from $115.00) on shares of Netflix in a research note on Monday, July 13th. Stephens started coverage on shares of Netflix in a research report on Friday, July 17th. They set an “overweight” rating for the company. Wolfe Research restated an “outperform” rating and issued a $95.00 price target (up from $84.00) on shares of Netflix in a research note on Tuesday, August 25th. Finally, Oppenheimer set a $85.00 price target on shares of Netflix and gave the company an “outperform” rating in a report on Friday, July 17th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Netflix currently has an average rating of “Moderate Buy” and an average target price of $96.65.

Netflix Price Performance

Shares of NFLX opened at $76.03 on Thursday. The firm has a market cap of $316.58 billion, a price-to-earnings ratio of 23.93, a PEG ratio of 1.08 and a beta of 1.53. The stock has a 50 day moving average of $75.75 and a 200-day moving average of $84.44. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.39. Netflix, Inc. has a 52 week low of $65.08 and a 52 week high of $126.70.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.01. Netflix had a return on equity of 40.02% and a net margin of 28.22%.The business 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 company posted $0.72 EPS. The business’s revenue was up 13.4% compared to the same quarter last year. As a group, analysts forecast that Netflix, Inc. will post 3.59 EPS for the current year.

More Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Investor Bill Ackman’s Pershing Square reportedly exited its remaining Alphabet position and established a sizable Netflix stake. The move provides a prominent vote of confidence in Netflix’s growth prospects and advertising strategy. Bill Ackman’s Netflix investment
• Positive Sentiment: Analysts and commentators argue that the pullback creates an attractive entry point, citing Netflix’s profitability, free-cash-flow potential and long-term competitive position. Netflix buying opportunity
• Positive Sentiment: One forecast sees Netflix’s advertising business exceeding $6 billion in revenue in 2027, suggesting substantial monetization upside if ad-supported viewing and pricing continue to scale. Netflix advertising forecast
• Positive Sentiment: The global success of South African film “The Polygamist” is supporting Netflix’s pipeline of local-language content and could strengthen international engagement. The Polygamist success

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.