Wallington Asset Management LLC Raises Stock Position in Netflix, Inc. $NFLX

Wallington Asset Management LLC increased its stake in Netflix, Inc. (NASDAQ:NFLX) by 3.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 316 shares of the Internet television network’s stock after acquiring an additional 11 shares during the quarter. Wallington Asset Management LLC’s holdings in Netflix were worth $423,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Corundum Group Inc. purchased a new stake in Netflix in the 2nd quarter worth $201,000. Fortis Capital Advisors LLC increased its holdings in Netflix by 8.9% in the 2nd quarter. Fortis Capital Advisors LLC now owns 5,012 shares of the Internet television network’s stock worth $6,712,000 after acquiring an additional 410 shares in the last quarter. Precedent Wealth Partners LLC purchased a new stake in Netflix in the 2nd quarter worth $316,000. Keb Asset Management LLC purchased a new stake in Netflix in the 2nd quarter worth $230,000. Finally, Fairvoy Private Wealth LLC increased its holdings in Netflix by 235.6% in the 2nd quarter. Fairvoy Private Wealth LLC now owns 1,527 shares of the Internet television network’s stock worth $2,045,000 after acquiring an additional 1,072 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Trading Down 0.8%

Shares of NFLX opened at $1,153.32 on Friday. 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, Inc. has a 12-month low of $677.88 and a 12-month high of $1,341.15. The firm has a 50-day moving average price of $1,207.36 and a 200 day moving average price of $1,158.96. The firm has a market capitalization of $490.08 billion, a P/E ratio of 49.14, a P/E/G ratio of 1.96 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last announced its earnings results 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. 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%. Netflix’s revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the firm posted $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Sell-side analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on NFLX. Phillip Securities lowered shares of Netflix from a “hold” rating to a “strong sell” rating in a report on Monday, July 21st. Canaccord Genuity Group reaffirmed a “buy” rating on shares of Netflix in a report on Thursday, July 10th. JPMorgan Chase & Co. increased their target price on shares of Netflix from $1,230.00 to $1,300.00 and gave the company a “neutral” rating in a research 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 company a “buy” rating in a research report on Friday, July 18th. Finally, Sanford C. Bernstein increased 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. One research analyst has rated the stock with a Strong Buy rating, twenty-four 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.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,335.00.

Insider Activity at Netflix

In other Netflix news, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $1,162.40, for a total transaction of $3,023,402.40. Following the completion of the transaction, the chief financial officer owned 3,691 shares of the company’s stock, valued at $4,290,418.40. This trade represents a 41.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Gregory K. Peters sold 2,026 shares of the stock in a transaction dated 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 transaction, the chief executive officer directly 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 disclosure for this sale can be found here. Insiders have sold a total of 104,100 shares of company stock valued at $122,710,980 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.