Steigerwald Gordon & Koch Inc. Boosts Stock Position in Netflix, Inc. $NFLX

Steigerwald Gordon & Koch Inc. lifted its position in Netflix, Inc. (NASDAQ:NFLX) by 2.5% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 492 shares of the Internet television network’s stock after buying an additional 12 shares during the quarter. Steigerwald Gordon & Koch Inc.’s holdings in Netflix were worth $659,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Halbert Hargrove Global Advisors LLC raised its holdings in shares of Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock valued at $25,000 after buying an additional 13 shares during the period. Ransom Advisory Ltd purchased a new stake in Netflix during the 2nd quarter worth about $47,000. Flaharty Asset Management LLC purchased a new stake in Netflix during the 1st quarter worth about $37,000. Copia Wealth Management purchased a new stake in Netflix during the 4th quarter worth about $37,000. Finally, Barnes Dennig Private Wealth Management LLC purchased a new stake in Netflix during the 1st quarter worth about $42,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Up 0.0%

NFLX opened at $1,227.37 on Tuesday. The business has a 50 day moving average price of $1,211.80 and a two-hundred day moving average price of $1,144.65. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. The company has a market cap of $521.55 billion, a PE ratio of 52.30, a P/E/G ratio of 2.07 and a beta of 1.60. Netflix, Inc. has a 52 week low of $677.88 and a 52 week high of $1,341.15.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating 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 firm’s revenue was up 15.9% compared to the same quarter last year. During the same period in the prior 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, research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on NFLX. Wedbush restated an “outperform” rating and set a $1,500.00 price target (up previously from $1,400.00) on shares of Netflix in a report on Monday, July 14th. Wall Street Zen upgraded Netflix from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. TD Cowen upped their price target on Netflix from $1,440.00 to $1,450.00 and gave the stock a “buy” rating in a report on Friday, July 18th. KeyCorp upped their price target on Netflix from $1,070.00 to $1,390.00 and gave the stock an “overweight” rating in a report on Thursday, July 10th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Netflix in a report on Thursday, September 11th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,328.87.

Insider Activity

In other Netflix news, CEO Gregory K. Peters sold 2,026 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the completion of the sale, the chief executive officer directly owned 12,781 shares of the company’s stock, valued at $14,793,240.64. This represents a 13.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Cletus R. Willems sold 238 shares of the company’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 value of $274,537.76. The disclosure for this sale can be found here. Insiders sold 89,348 shares of company stock worth $109,498,489 over the last quarter. 1.37% of the stock is owned by insiders.

Netflix Company 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.