Golden Road Advisors LLC Makes New Investment in Netflix, Inc. $NFLX

Golden Road Advisors LLC purchased a new stake in Netflix, Inc. (NASDAQ:NFLX) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 218 shares of the Internet television network’s stock, valued at approximately $292,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NFLX. BG Investment Services Inc. bought a new position in shares of Netflix during the 2nd quarter worth approximately $338,000. Resurgent Financial Advisors LLC raised its stake in Netflix by 234.4% during the first quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network’s stock worth $942,000 after acquiring an additional 708 shares in the last quarter. MRA Advisory Group lifted its holdings in shares of Netflix by 28.4% during the second quarter. MRA Advisory Group now owns 919 shares of the Internet television network’s stock valued at $1,231,000 after acquiring an additional 203 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of Netflix by 42.1% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 441,861 shares of the Internet television network’s stock valued at $412,059,000 after purchasing an additional 130,946 shares in the last quarter. Finally, Sava Infond d.o.o. grew its holdings in shares of Netflix by 25.1% in the 2nd quarter. Sava Infond d.o.o. now owns 1,495 shares of the Internet television network’s stock worth $2,002,000 after purchasing an additional 300 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Netflix news, insider David A. Hyman sold 424 shares of the company’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the transaction, the insider directly owned 31,610 shares in the company, valued at approximately $36,625,558.70. This represents a 1.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Theodore A. Sarandos sold 2,026 shares of Netflix 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 sale, the chief executive officer owned 15,168 shares of the company’s stock, valued at approximately $17,604,284.16. This represents a 11.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 104,100 shares of company stock valued at $122,710,980 over the last 90 days. Corporate insiders own 1.37% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on NFLX. Piper Sandler reissued an “overweight” rating and set a $1,400.00 price target (down from $1,500.00) on shares of Netflix in a report on Wednesday, October 22nd. Loop Capital upgraded shares of Netflix from a “hold” rating to a “buy” rating and lifted their target price for the company from $1,150.00 to $1,350.00 in a research note on Wednesday, September 17th. Rosenblatt Securities boosted their target price on Netflix from $1,515.00 to $1,530.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Itau BBA Securities initiated coverage on Netflix in a report on Tuesday, October 7th. They set an “outperform” rating and a $1,514.00 price target for the company. Finally, Morgan Stanley set a $1,500.00 price objective on Netflix in a research report on Monday, October 13th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,344.64.

Netflix Stock Performance

NFLX stock opened at $1,102.50 on Wednesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.33. The company has a 50 day moving average price of $1,201.97 and a 200 day moving average price of $1,191.47. Netflix, Inc. has a fifty-two week low of $747.77 and a fifty-two week high of $1,341.15. The stock has a market capitalization of $467.16 billion, a PE ratio of 46.05, a price-to-earnings-growth ratio of 1.89 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Tuesday, October 21st. The Internet television network reported $5.87 EPS for the quarter, missing analysts’ consensus estimates of $6.88 by ($1.01). The firm had revenue of $11.51 billion during the quarter, compared to the consensus estimate of $11.52 billion. Netflix had a net margin of 24.05% and a return on equity of 41.86%. The firm’s quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.40 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. Analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

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.