Netflix, Inc. $NFLX Stock Position Lifted by Valley National Advisers Inc.

Valley National Advisers Inc. boosted its stake in Netflix, Inc. (NASDAQ:NFLX) by 16.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 129 shares of the Internet television network’s stock after buying an additional 18 shares during the quarter. Valley National Advisers Inc.’s holdings in Netflix were worth $172,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Halbert Hargrove Global Advisors LLC raised its holdings in shares of Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock worth $25,000 after acquiring an additional 13 shares in the last quarter. Flaharty Asset Management LLC acquired a new position in Netflix in the 1st quarter worth about $37,000. Maseco LLP purchased a new stake in shares of Netflix during the 2nd quarter worth about $39,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Netflix during the 1st quarter valued at about $42,000. Finally, 1248 Management LLC bought a new stake in shares of Netflix in the 1st quarter valued at approximately $43,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $1,163.31 on Tuesday. The company has a market cap of $494.33 billion, a price-to-earnings ratio of 49.57, a PEG ratio of 1.94 and a beta of 1.59. The business has a 50 day moving average price of $1,207.13 and a 200 day moving average price of $1,163.23. 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 twelve month low of $677.88 and a twelve month 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 EPS for the quarter, topping analysts’ consensus estimates of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The company had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. During the same period in the previous year, the company earned $4.88 earnings per share. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Seaport Res Ptn cut shares of Netflix from a “strong-buy” rating to a “hold” rating in a research note on Sunday, July 6th. Pivotal Research reaffirmed a “buy” rating on shares of Netflix in a research note on Thursday, July 10th. Wall Street Zen downgraded shares of Netflix from a “buy” rating to a “hold” rating in a research report on Saturday. BMO Capital Markets reaffirmed an “outperform” rating and issued a $1,425.00 price target (up previously from $1,200.00) on shares of Netflix in a research report on Tuesday, July 15th. Finally, Robert W. Baird upped their price target on Netflix from $1,300.00 to $1,500.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,335.00.

Insider Activity

In other news, CEO Theodore A. Sarandos sold 2,026 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer owned 15,168 shares in the company, valued at approximately $17,604,284.16. The trade was a 11.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Reed Hastings sold 42,176 shares of the 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 owned 394 shares of the company’s stock, valued at approximately $461,736.48. The trade was a 99.07% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 104,100 shares of company stock worth $122,710,980. Corporate insiders own 1.37% of the company’s stock.

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.