Netflix, Inc. $NFLX Shares Purchased by Asset Advisors Investment Management LLC

Asset Advisors Investment Management LLC boosted its stake in Netflix, Inc. (NASDAQ:NFLX) by 14.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,236 shares of the Internet television network’s stock after acquiring an additional 657 shares during the period. Asset Advisors Investment Management LLC’s holdings in Netflix were worth $7,012,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in NFLX. Brighton Jones LLC raised its holdings in Netflix by 5.0% in the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock valued at $4,804,000 after acquiring an additional 257 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in Netflix by 16.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock valued at $912,000 after acquiring an additional 144 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Netflix by 16.4% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 1,756 shares of the Internet television network’s stock worth $1,638,000 after purchasing an additional 248 shares during the period. Apella Capital LLC raised its holdings in shares of Netflix by 29.9% during the first quarter. Apella Capital LLC now owns 1,391 shares of the Internet television network’s stock worth $1,315,000 after purchasing an additional 320 shares during the period. Finally, Secure Asset Management LLC raised its holdings in shares of Netflix by 6.2% during the first quarter. Secure Asset Management LLC now owns 944 shares of the Internet television network’s stock worth $881,000 after purchasing an additional 55 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Netflix news, CFO Spencer Adam Neumann sold 2,600 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $1,172.51, for a total value of $3,048,526.00. Following the completion of the sale, the chief financial officer directly owned 3,691 shares of the company’s stock, valued at approximately $4,327,734.41. This represents a 41.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Reed Hastings sold 42,176 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total transaction of $49,426,897.92. Following the completion of the sale, the director directly owned 394 shares of the company’s stock, valued at $461,736.48. The trade was a 99.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,100 shares of company stock worth $122,710,980 in the last ninety days. Insiders own 1.37% of the company’s stock.

Netflix Stock Performance

Shares of NFLX opened at $1,162.53 on Friday. The firm has a 50-day moving average price of $1,207.90 and a 200 day moving average price of $1,157.42. The firm has a market capitalization of $493.99 billion, a PE ratio of 49.53, a P/E/G ratio of 1.97 and a beta of 1.59. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. 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 quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating analysts’ consensus estimates of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. During the same period in the prior year, the company earned $4.88 EPS. Netflix’s revenue was up 15.9% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, sell-side analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Zacks Research cut shares of Netflix from a “strong-buy” rating to a “hold” rating in a report on Monday, September 1st. UBS Group reissued a “market underperform” rating on shares of Netflix in a report on Saturday, July 19th. Wells Fargo & Company increased their target price on shares of Netflix from $1,500.00 to $1,560.00 and gave the stock an “overweight” rating in a report on Friday, July 18th. TD Cowen increased their target price on shares of Netflix from $1,440.00 to $1,450.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Finally, Robert W. Baird increased their target price on shares of Netflix from $1,300.00 to $1,500.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,334.03.

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.