Saranac Partners Ltd Takes $2.27 Million Position in Netflix, Inc. $NFLX

Saranac Partners Ltd bought a new position in Netflix, Inc. (NASDAQ:NFLX) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 31,823 shares of the Internet television network’s stock, valued at approximately $2,272,000.

Other institutional investors have also modified their holdings of the company. Turning Point Benefit Group Inc. lifted its holdings in shares of Netflix by 13,400.0% in the 4th quarter. Turning Point Benefit Group Inc. now owns 270 shares of the Internet television network’s stock worth $25,000 after buying an additional 268 shares during the period. Imprint Wealth LLC purchased a new position in shares of Netflix during the third quarter valued at $25,000. Cornerstone Financial Management LLC bought a new stake in shares of Netflix in the fourth quarter valued at about $26,000. Atlas Capital Advisors Inc. bought a new stake in shares of Netflix in the fourth quarter valued at about $26,000. Finally, Jessup Wealth Management Inc bought a new stake in shares of Netflix in the fourth quarter valued at about $27,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Richard N. Barton sold 2,160 shares of Netflix stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $75.10, for a total value of $162,216.00. Following the completion of the sale, the director directly owned 246 shares in the company, valued at $18,474.60. This trade represents a 89.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David A. Hyman sold 5,723 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $72.85, for a total transaction of $416,920.55. Following the sale, the insider directly owned 316,100 shares in the company, valued at approximately $23,027,885. This represents a 1.78% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 600,295 shares of company stock worth $49,056,671 over the last ninety days. Company insiders own 1.24% of the company’s stock.

Netflix News Summary

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix continues to grow faster than many streaming rivals, and its lower valuation after the selloff could provide significant upside if revenue, advertising and engagement trends remain strong. A valuation model described the current setup as potentially asymmetric in investors’ favor. Netflix Is Down 40% From Its All-Time High Could Netflix Stock Double From Here?
• Positive Sentiment: JPMorgan analyst Doug Anmuth maintained an Overweight rating and an $85 price target, citing Netflix’s content pipeline and multiple initiatives to support engagement and revenue growth. The view suggests potential upside from current levels, although the analyst sees no single catalyst guaranteeing acceleration. Netflix Has No Single Silver Bullet
• Positive Sentiment: Netflix’s advertising-supported tier and broad content offering could make the company relatively resilient during a recession, as consumers may retain lower-cost entertainment subscriptions even amid economic pressure. Which Streaming Stock Would Hold Up Better in a Recession?
• Neutral Sentiment: Representatives for Meghan of Sussex reportedly held exploratory discussions about a possible role in a third season of The Gentlemen. Netflix has not ordered the season, so the potential casting has no immediate financial impact. Meghan of Sussex Eyes Role in Netflix Show The Gentlemen
• Negative Sentiment: With Netflix no longer emphasizing subscriber numbers, investors must rely more heavily on revenue growth, advertising performance, engagement and profitability metrics. That makes it harder to assess momentum and contributes to debate over whether the stock’s decline reflects a bargain or slowing growth. Netflix Is Down 40% From Its All-Time High
• Negative Sentiment: YouTube is reportedly offering creators substantial payments and warning that simultaneous Netflix deals could jeopardize marketing support and brand-campaign revenue. This could intensify competition for exclusive content and creator attention. YouTube Offers Creators Millions to Avoid Netflix Deals

Netflix Stock Performance

Shares of NASDAQ:NFLX opened at $79.59 on Monday. The business’s 50-day moving average is $74.39 and its 200 day moving average is $84.35. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.14 and a quick ratio of 1.14. Netflix, Inc. has a 1 year low of $65.08 and a 1 year high of $126.71. The firm has a market capitalization of $331.41 billion, a P/E ratio of 25.05, a P/E/G ratio of 1.00 and a beta of 1.52.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.01. Netflix had a return on equity of 40.02% and a net margin of 28.22%.The business had revenue of $12.56 billion during the quarter, compared to the consensus estimate of $12.58 billion. During the same quarter last year, the company earned $0.72 earnings per share. The company’s quarterly revenue was up 13.4% on a year-over-year basis. On average, research analysts predict that Netflix, Inc. will post 3.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NFLX has been the topic of a number of recent research reports. Piper Sandler reiterated an “overweight” rating and set a $85.00 price objective (down from $115.00) on shares of Netflix in a research note on Friday, July 17th. Oppenheimer set a $85.00 price objective on shares of Netflix and gave the stock an “outperform” rating in a research note on Friday, July 17th. Moffett Nathanson lowered their target price on Netflix from $120.00 to $115.00 and set a “buy” rating for the company in a report on Wednesday, June 17th. Rosenblatt Securities set a $75.00 target price on Netflix and gave the stock a “neutral” rating in a report on Friday, July 17th. Finally, Deutsche Bank Aktiengesellschaft set a $110.00 target price on Netflix in a research report on Monday, July 20th. Four research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, seventeen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.48.

Netflix Company Profile

Netflix, Inc (NASDAQ: NFLX) is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company’s primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.