Netflix, Inc. $NFLX Stock Holdings Increased by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,449 shares of the Internet television network’s stock after purchasing an additional 50 shares during the period. Verdence Capital Advisors LLC’s holdings in Netflix were worth $3,280,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Optima Capital LLC boosted its holdings in Netflix by 3.5% in the 2nd quarter. Optima Capital LLC now owns 239 shares of the Internet television network’s stock valued at $320,000 after purchasing an additional 8 shares during the period. Unified Investment Management raised its position 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 lifted its stake in shares of Netflix by 0.6% in 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 period. Five Oceans Advisors increased its stake in 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 acquiring an additional 8 shares during the period. Finally, Old Port Advisors lifted its position in shares of Netflix by 1.3% in the 2nd quarter. Old Port Advisors now owns 624 shares of the Internet television network’s stock worth $836,000 after acquiring an additional 8 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Trading Down 0.9%

NASDAQ:NFLX opened at $1,220.08 on Monday. 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 twelve month low of $677.88 and a twelve month high of $1,341.15. The company has a market cap of $518.45 billion, a P/E ratio of 51.98, a price-to-earnings-growth ratio of 2.05 and a beta of 1.59. The business has a 50 day moving average price of $1,210.84 and a two-hundred day moving average price of $1,169.80.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.07 by $0.12. The firm had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company’s revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the business earned $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

NFLX has been the subject of several research analyst reports. Robert W. Baird boosted their price objective on shares of Netflix from $1,300.00 to $1,500.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. Barclays restated a “sell” rating and set a $1,100.00 price objective (up previously from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. Zacks Research cut shares of Netflix from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. KeyCorp upped their price objective on shares of Netflix from $1,070.00 to $1,390.00 and gave the company an “overweight” rating in a research report on Thursday, July 10th. Finally, Itau BBA Securities initiated coverage on Netflix in a report on Tuesday, October 7th. They set an “outperform” rating and a $1,514.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,337.63.

Insider Transactions at Netflix

In other news, CFO Spencer Adam Neumann sold 2,600 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $1,172.51, for a total value of $3,048,526.00. Following the completion of the sale, the chief financial officer directly owned 3,691 shares of the company’s stock, valued at $4,327,734.41. This trade represents a 41.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Cletus R. Willems sold 238 shares of the firm’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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 104,100 shares of company stock valued at $122,710,980. Company insiders own 1.37% of the company’s stock.

About Netflix

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.