Sonata Capital Group Inc. Takes Position in Netflix, Inc. $NFLX

Sonata Capital Group Inc. bought a new position in Netflix, Inc. (NASDAQ:NFLX) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 375 shares of the Internet television network’s stock, valued at approximately $502,000.

Several other large investors have also added to or reduced their stakes in NFLX. Optima Capital LLC lifted its holdings in shares of Netflix by 3.5% in the second quarter. Optima Capital LLC now owns 239 shares of the Internet television network’s stock valued at $320,000 after purchasing an additional 8 shares in the last quarter. Unified Investment Management raised its position in Netflix by 1.7% in the 2nd quarter. Unified Investment Management now owns 474 shares of the Internet television network’s stock valued at $635,000 after buying an additional 8 shares during the last quarter. Plancorp LLC lifted its stake in Netflix by 0.6% during the 2nd quarter. Plancorp LLC now owns 1,278 shares of the Internet television network’s stock valued at $1,711,000 after acquiring an additional 8 shares in the last quarter. Five Oceans Advisors boosted its holdings in Netflix by 1.1% during the 2nd quarter. Five Oceans Advisors now owns 751 shares of the Internet television network’s stock worth $1,006,000 after acquiring an additional 8 shares during the last quarter. Finally, Old Port Advisors grew its stake in shares of Netflix by 1.3% in the 2nd quarter. Old Port Advisors now owns 624 shares of the Internet television network’s stock worth $836,000 after acquiring an additional 8 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $1,116.37 on Thursday. The company’s fifty day moving average price is $1,212.43 and its 200-day moving average price is $1,182.04. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. The firm has a market capitalization of $474.38 billion, a price-to-earnings ratio of 46.63, a PEG ratio of 2.09 and a beta of 1.59. Netflix, Inc. has a one year low of $744.26 and a one year high of $1,341.15.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.88 by ($1.01). The company had revenue of $11.51 billion for the quarter, compared to the consensus estimate of $11.52 billion. Netflix had a return on equity of 42.45% and a net margin of 24.05%.The business’s revenue was up 17.2% on a year-over-year basis. During the same period in the prior year, the firm posted $5.40 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. On average, equities research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In other Netflix news, Director Reed Hastings sold 42,176 shares of Netflix stock in a transaction that occurred on 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 transaction, the director directly owned 394 shares of the company’s stock, valued at approximately $461,736.48. This trade represents a 99.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction on 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 transaction, the chief financial officer directly owned 3,691 shares in the company, valued at approximately $4,290,418.40. This represents a 41.34% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 104,100 shares of company stock valued at $122,710,980. 1.37% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

NFLX has been the topic of several analyst reports. Cowen restated a “buy” rating on shares of Netflix in a report on Tuesday, October 7th. Morgan Stanley set a $1,500.00 target price on Netflix in a research note on Monday, October 13th. Citigroup reaffirmed a “neutral” rating and set a $1,295.00 price target (up from $1,280.00) on shares of Netflix in a research report on Friday, October 3rd. Needham & Company LLC reissued a “buy” rating and issued a $1,500.00 price objective on shares of Netflix in a research report on Wednesday. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $1,525.00 price objective on shares of Netflix in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,341.22.

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.