Joel Isaacson & Co. LLC Grows Stock Holdings in Netflix, Inc. $NFLX

Joel Isaacson & Co. LLC grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 17.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,071 shares of the Internet television network’s stock after acquiring an additional 1,058 shares during the period. Joel Isaacson & Co. LLC’s holdings in Netflix were worth $9,469,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NFLX. Roundview Capital LLC boosted its stake in Netflix by 7.6% in the 2nd quarter. Roundview Capital LLC now owns 6,199 shares of the Internet television network’s stock worth $8,301,000 after purchasing an additional 437 shares during the period. Sachetta LLC grew its stake in Netflix by 18.8% during the second quarter. Sachetta LLC now owns 139 shares of the Internet television network’s stock valued at $186,000 after acquiring an additional 22 shares in the last quarter. Sunbeam Capital Management LLC grew its stake in Netflix by 60.2% during the second quarter. Sunbeam Capital Management LLC now owns 745 shares of the Internet television network’s stock valued at $998,000 after acquiring an additional 280 shares in the last quarter. CFM Wealth Partners LLC increased its holdings in Netflix by 24.4% during the 2nd quarter. CFM Wealth Partners LLC now owns 6,569 shares of the Internet television network’s stock worth $8,797,000 after acquiring an additional 1,288 shares during the period. Finally, 626 Financial LLC lifted its stake in Netflix by 132.7% in the 2nd quarter. 626 Financial LLC now owns 1,417 shares of the Internet television network’s stock worth $1,898,000 after purchasing an additional 808 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Insider Activity

In other Netflix news, CEO Theodore A. Sarandos 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 $1,160.62, for a total transaction of $2,351,416.12. Following the completion of the transaction, the chief executive officer owned 15,168 shares of the company’s stock, valued at $17,604,284.16. This represents a 11.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider David A. Hyman sold 424 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,158.67, for a total value of $491,276.08. Following the completion of the sale, the insider owned 31,610 shares of the company’s stock, valued at approximately $36,625,558.70. This trade represents a 1.32% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 104,100 shares of company stock valued at $122,710,980. 1.37% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently commented on NFLX. Piper Sandler boosted their price target on shares of Netflix from $1,400.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Friday, July 18th. The Goldman Sachs Group reduced their target price on Netflix from $1,310.00 to $1,300.00 and set a “neutral” rating for the company in a research report on Tuesday, September 30th. KeyCorp raised their price target on Netflix from $1,070.00 to $1,390.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. Seaport Res Ptn downgraded Netflix from a “strong-buy” rating to a “hold” rating in a research report on Sunday, July 6th. Finally, Robert W. Baird upped their price objective on shares of Netflix from $1,300.00 to $1,500.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,335.00.

Netflix Price Performance

Shares of Netflix stock opened at $1,163.31 on Tuesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. Netflix, Inc. has a one year low of $677.88 and a one year high of $1,341.15. The business’s 50 day simple moving average is $1,207.13 and its two-hundred day simple moving average is $1,163.23. The stock has a market capitalization of $494.33 billion, a P/E ratio of 49.57, a price-to-earnings-growth ratio of 1.94 and a beta of 1.59.

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, topping the consensus estimate of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm had revenue of $11.08 billion for the quarter, compared to analysts’ expectations of $11.04 billion. During the same quarter last year, the business earned $4.88 earnings per share. The business’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. Analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Netflix 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.