Reyes Financial Architecture Inc. Raises Position in Netflix, Inc. $NFLX

Reyes Financial Architecture Inc. grew its position in Netflix, Inc. (NASDAQ:NFLX) by 21.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 629 shares of the Internet television network’s stock after buying an additional 109 shares during the period. Netflix makes up about 0.7% of Reyes Financial Architecture Inc.’s investment portfolio, making the stock its 22nd largest holding. Reyes Financial Architecture Inc.’s holdings in Netflix were worth $842,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of NFLX. Halbert Hargrove Global Advisors LLC raised its holdings in Netflix by 100.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock worth $25,000 after buying an additional 13 shares during the last quarter. Brown Shipley& Co Ltd purchased a new position in Netflix in the fourth quarter worth about $27,000. Copia Wealth Management purchased a new position in Netflix in the fourth quarter worth about $37,000. Flaharty Asset Management LLC purchased a new position in Netflix in the first quarter worth about $37,000. Finally, Barnes Dennig Private Wealth Management LLC purchased a new position in Netflix in the first quarter worth about $42,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on NFLX. Needham & Company LLC reissued a “buy” rating and set a $1,500.00 price objective on shares of Netflix in a report on Wednesday, September 10th. Sanford C. Bernstein boosted their price objective on shares of Netflix from $1,200.00 to $1,390.00 and gave the company an “outperform” rating in a report on Thursday, July 17th. Rosenblatt Securities boosted their price objective on shares of Netflix from $1,514.00 to $1,515.00 and gave the company a “buy” rating in a report on Friday, July 18th. Loop Capital reissued a “hold” rating on shares of Netflix in a report on Tuesday, July 15th. Finally, Oppenheimer boosted their price objective on shares of Netflix from $1,200.00 to $1,425.00 and gave the company an “outperform” rating in a report on Thursday, June 12th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,317.58.

Insider Activity at Netflix

In related news, insider Cletus R. Willems sold 238 shares of the business’s stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total transaction of $274,537.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David A. Hyman sold 424 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the completion of the transaction, the insider owned 31,610 shares of the company’s stock, valued at approximately $36,625,558.70. The trade was a 1.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 89,348 shares of company stock valued at $109,498,489 in the last three months. Corporate insiders own 1.37% of the company’s stock.

Netflix Stock Performance

Shares of NASDAQ NFLX opened at $1,202.26 on Tuesday. The firm has a 50 day moving average of $1,216.40 and a 200 day moving average of $1,135.17. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $510.88 billion, a price-to-earnings ratio of 51.23, a price-to-earnings-growth ratio of 2.00 and a beta of 1.60. Netflix, Inc. has a 12-month low of $677.88 and a 12-month high of $1,341.15.

Netflix (NASDAQ:NFLX) last announced its 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 company had revenue of $11.08 billion during 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 firm’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the previous 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 anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

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.