Northern Financial Advisors Inc Grows Stock Position in Netflix, Inc. $NFLX

Northern Financial Advisors Inc raised its stake in Netflix, Inc. (NASDAQ:NFLX) by 0.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,290 shares of the Internet television network’s stock after buying an additional 37 shares during the period. Netflix comprises about 4.3% of Northern Financial Advisors Inc’s portfolio, making the stock its 2nd biggest position. Northern Financial Advisors Inc’s holdings in Netflix were worth $5,745,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Halbert Hargrove Global Advisors LLC boosted its position in shares of Netflix by 100.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock valued at $25,000 after purchasing an additional 13 shares in the last quarter. Flaharty Asset Management LLC bought a new stake in shares of Netflix during the 1st quarter valued at about $37,000. Maseco LLP bought a new stake in shares of Netflix during the 2nd quarter valued at about $39,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Netflix during the 1st quarter valued at about $42,000. Finally, 1248 Management LLC bought a new stake in shares of Netflix during the 1st quarter valued at about $43,000. Institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on NFLX. Morgan Stanley restated an “equal weight” rating on shares of Netflix in a research report on Monday, July 21st. Cowen restated a “buy” rating on shares of Netflix in a research report on Tuesday. Rosenblatt Securities upped their target price on Netflix from $1,514.00 to $1,515.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Seaport Res Ptn downgraded Netflix from a “strong-buy” rating to a “hold” rating in a research note on Sunday, July 6th. Finally, UBS Group set a $1,425.00 price target on Netflix in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,337.63.

Insider Transactions at Netflix

In other news, CEO Theodore A. Sarandos sold 2,026 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the completion of the sale, the chief executive officer directly owned 15,168 shares of the company’s stock, valued at $17,604,284.16. This represents a 11.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Reed Hastings sold 42,176 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the completion of the sale, the director directly owned 394 shares of the company’s stock, valued at approximately $461,736.48. This trade represents a 99.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 104,100 shares of company stock valued at $122,710,980. Corporate insiders own 1.37% of the company’s stock.

Netflix Stock Up 2.4%

NFLX stock opened at $1,191.06 on Wednesday. The stock’s 50 day simple moving average is $1,207.58 and its 200 day simple moving average is $1,163.42. Netflix, Inc. has a fifty-two week low of $677.88 and a fifty-two week high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. The company has a market cap of $506.12 billion, a P/E ratio of 50.75, a price-to-earnings-growth ratio of 1.96 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping the consensus estimate of $7.07 by $0.12. The firm 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 company’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the business posted $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.