RFG Advisory LLC Boosts Stake in Netflix, Inc. $NFLX

RFG Advisory LLC lifted its position in Netflix, Inc. (NASDAQ:NFLX) by 37.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 205,693 shares of the Internet television network’s stock after purchasing an additional 55,678 shares during the quarter. RFG Advisory LLC’s holdings in Netflix were worth $14,686,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in NFLX. Imprint Wealth LLC purchased a new position in shares of Netflix during the third quarter worth approximately $25,000. Wealth Watch Advisors INC purchased a new position in Netflix during the 3rd quarter worth $103,000. Strategic Wealth Investment Group LLC acquired a new position in Netflix in the second quarter valued at $121,000. Wiser Advisor Group LLC acquired a new position in Netflix in the third quarter valued at $114,000. Finally, Beaird Harris Wealth Management LLC raised its holdings in shares of Netflix by 9.6% in the third quarter. Beaird Harris Wealth Management LLC now owns 114 shares of the Internet television network’s stock valued at $137,000 after buying an additional 10 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Buying and Selling

In other Netflix news, CEO Gregory Peters sold 27,312 shares of the stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $73.54, for a total transaction of $2,008,524.48. Following the transaction, the chief executive officer owned 120,931 shares of the company’s stock, valued at $8,893,265.74. This represents a 18.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Bradford Smith sold 35,990 shares of Netflix stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $77.52, for a total value of $2,789,944.80. Following the completion of the sale, the director directly owned 79,690 shares of the company’s stock, valued at approximately $6,177,568.80. This represents a 31.11% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 213,595 shares of company stock worth $15,812,072 in the last three months. 1.24% of the stock is currently owned by insiders.

Key Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Several analysts and investors view the selloff as a potential buying opportunity. Recent coverage highlights Netflix’s improving free-cash-flow yield, while published price targets remain materially above the current quotation, with a reported median target of $115. Netflix: The Best Free Cash Flow Yield In A Decade
• Positive Sentiment: Netflix is reportedly releasing box-office figures for six upcoming films, including Narnia: The Magician’s Nephew and Charlie and the Chocolate Factory. Greater theatrical transparency could support interest in its film strategy and help evaluate content economics. Netflix Movie-Theater Strategy
• Positive Sentiment: Pershing Square reportedly added Netflix shares in the second quarter, and bullish commentary points to content momentum, advertising and live-event opportunities as potential recovery catalysts. Bill Ackman’s Netflix Investment
• Neutral Sentiment: Discussion that Netflix could be broken into separate streaming, studio, advertising, gaming or live-event businesses appears unlikely to drive near-term trading; the company’s integrated model is viewed as central to its value. Why Netflix’s Breakup May Not Work
• Negative Sentiment: South African regulators are investigating consumer pricing for digital streaming services. The probe raises the risk of pricing restrictions, higher compliance costs or limits on future subscription increases. Netflix Faces South Africa Price Probe
• Negative Sentiment: Recent coverage also cites weak risk appetite across growth and media stocks, concerns about quarterly revenue and forward guidance, and extensive insider selling. These factors are weighing on sentiment despite Netflix’s profitable business and year-over-year revenue growth. Netflix Suffers a Larger Drop Than the General Market

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NFLX. Wolfe Research restated an “outperform” rating and issued a $95.00 price target (up from $84.00) on shares of Netflix in a research report on Tuesday, August 25th. UBS Group dropped their target price on Netflix from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, July 17th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Netflix in a research report on Thursday, August 20th. Piper Sandler restated an “overweight” rating and issued a $85.00 target price (down from $115.00) on shares of Netflix in a research note on Friday, July 17th. Finally, Phillip Securities upgraded shares of Netflix from a “moderate buy” rating to a “strong-buy” rating and set a $110.00 price target on the stock in a research note on Sunday, July 19th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $96.65.

Netflix Trading Down 1.9%

Netflix stock opened at $76.77 on Wednesday. The stock has a 50-day moving average price of $75.71 and a 200 day moving average price of $84.45. Netflix, Inc. has a 52 week low of $65.08 and a 52 week high of $126.70. The stock has a market cap of $319.67 billion, a PE ratio of 24.16, a P/E/G ratio of 1.10 and a beta of 1.53. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.39.

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

Netflix Company Profile

Netflix, Inc (NASDAQ:NFLX) is a global entertainment company that provides subscription-based streaming access to television series, films, documentaries and other video content. Its service includes Netflix-produced and licensed programming, with offerings that may vary by market. The company also provides an advertising-supported plan in selected countries and has expanded into mobile games and other interactive entertainment.

Netflix was founded in 1997 by Reed Hastings and Marc Randolph as a DVD-by-mail rental service in the United States.