Netflix, Inc. $NFLX Stock Position Raised by Richard P Slaughter Associates Inc

Richard P Slaughter Associates Inc raised its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 12.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,218 shares of the Internet television network’s stock after purchasing an additional 132 shares during the period. Richard P Slaughter Associates Inc’s holdings in Netflix were worth $1,631,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Fullcircle Wealth LLC raised its stake in shares of Netflix by 2.5% during the 1st quarter. Fullcircle Wealth LLC now owns 369 shares of the Internet television network’s stock worth $344,000 after purchasing an additional 9 shares in the last quarter. Capital Analysts LLC raised its stake in shares of Netflix by 0.3% during the 1st quarter. Capital Analysts LLC now owns 2,620 shares of the Internet television network’s stock worth $2,443,000 after purchasing an additional 9 shares in the last quarter. Enterprise Financial Services Corp raised its stake in shares of Netflix by 1.8% during the 1st quarter. Enterprise Financial Services Corp now owns 505 shares of the Internet television network’s stock worth $471,000 after purchasing an additional 9 shares in the last quarter. Continuum Wealth Advisors LLC raised its stake in shares of Netflix by 4.4% during the 1st quarter. Continuum Wealth Advisors LLC now owns 235 shares of the Internet television network’s stock worth $219,000 after purchasing an additional 10 shares in the last quarter. Finally, Financial Enhancement Group LLC raised its stake in shares of Netflix by 2.5% during the 1st quarter. Financial Enhancement Group LLC now owns 412 shares of the Internet television network’s stock worth $384,000 after purchasing an additional 10 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $1,188.44 on Monday. Netflix, Inc. has a 1-year low of $677.88 and a 1-year high of $1,341.15. The firm has a market capitalization of $505.00 billion, a PE ratio of 50.64, a PEG ratio of 2.00 and a beta of 1.60. The business’s 50 day moving average is $1,218.15 and its 200-day moving average is $1,133.62. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58.

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. TD Cowen raised their price objective on Netflix from $1,440.00 to $1,450.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Phillip Securities downgraded Netflix from a “hold” rating to a “strong sell” rating in a research note on Monday, July 21st. Barclays reissued a “sell” rating and issued a $1,100.00 price objective (up from $1,000.00) on shares of Netflix in a research note on Wednesday, July 9th. Jefferies Financial Group reissued a “buy” rating on shares of Netflix in a research note on Tuesday, August 12th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $1,250.00 target price (up previously from $1,020.00) on shares of Netflix in a report on Thursday, May 29th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,317.58.

Insider Activity at Netflix

In other news, CEO Gregory K. Peters sold 2,026 shares of Netflix 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 sale, the chief executive officer owned 12,781 shares of the company’s stock, valued at approximately $14,793,240.64. This trade represents a 13.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Spencer Adam Neumann sold 2,600 shares of Netflix stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $1,207.76, for a total value of $3,140,176.00. Following the sale, the chief financial officer directly owned 3,691 shares in the company, valued at $4,457,842.16. The trade was a 41.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 89,348 shares of company stock worth $109,498,489 in the last three months. 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.