Cora Capital Advisors LLC Makes New $240,000 Investment in Netflix, Inc. $NFLX

Cora Capital Advisors LLC purchased a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 179 shares of the Internet television network’s stock, valued at approximately $240,000.

A number of other institutional investors have also added to or reduced their stakes in NFLX. Vanguard Group Inc. lifted its position in Netflix by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network’s stock valued at $35,433,585,000 after acquiring an additional 509,255 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Netflix by 2.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,732,066 shares of the Internet television network’s stock valued at $10,940,505,000 after purchasing an additional 304,399 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Netflix by 109,524.3% during the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network’s stock valued at $8,239,576,000 after purchasing an additional 8,827,662 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Netflix by 1.0% during the first quarter. Alliancebernstein L.P. now owns 5,194,939 shares of the Internet television network’s stock valued at $4,844,436,000 after purchasing an additional 53,611 shares during the last quarter. Finally, Invesco Ltd. raised its stake in Netflix by 8.3% during the first quarter. Invesco Ltd. now owns 4,664,818 shares of the Internet television network’s stock valued at $4,350,083,000 after buying an additional 356,617 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Insider Activity

In related news, Director Reed Hastings sold 25,959 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $1,207.71, for a total transaction of $31,350,943.89. Following the completion of the transaction, the director directly owned 394 shares of the company’s stock, valued at approximately $475,837.74. This trade represents a 98.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Theodore A. Sarandos sold 2,026 shares of Netflix stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the completion of the sale, the chief executive officer owned 15,168 shares in the company, valued at approximately $17,604,284.16. This represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 88,728 shares of company stock valued at $108,700,648. Company insiders own 1.37% of the company’s stock.

Wall Street Analysts Forecast Growth

NFLX has been the topic of several analyst reports. Bank of America upped their price objective on Netflix from $1,175.00 to $1,490.00 and gave the company a “buy” rating in a research report on Friday, May 30th. Wells Fargo & Company boosted their target price on shares of Netflix from $1,500.00 to $1,560.00 and gave the company an “overweight” rating in a research note on Friday, July 18th. Wedbush restated an “outperform” rating and issued a $1,500.00 price target (up from $1,400.00) on shares of Netflix in a research note on Monday, July 14th. Sanford C. Bernstein boosted their target price on shares of Netflix from $1,200.00 to $1,390.00 and gave the company an “outperform” rating in a research report on Thursday, July 17th. Finally, Seaport Res Ptn cut Netflix from a “strong-buy” rating to a “hold” rating in a research report on Sunday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,328.87.

Netflix Price Performance

Shares of Netflix stock opened at $1,203.95 on Thursday. The company has a market capitalization of $511.59 billion, a price-to-earnings ratio of 51.30, a PEG ratio of 2.05 and a beta of 1.60. 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 stock’s 50-day simple moving average is $1,210.04 and its 200-day simple moving average is $1,145.57. Netflix, Inc. has a 52 week low of $677.88 and a 52 week high of $1,341.15.

Netflix (NASDAQ:NFLX) last issued 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 for 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 quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the company 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 earnings per share for the current fiscal year.

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.