Brighton Jones LLC Boosts Stake in Netflix, Inc. $NFLX

Brighton Jones LLC lifted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 10.8% during the second quarter, Holdings Channel reports. The institutional investor owned 5,523 shares of the Internet television network’s stock after purchasing an additional 538 shares during the quarter. Brighton Jones LLC’s holdings in Netflix were worth $7,395,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Stephens Consulting LLC boosted its stake in shares of Netflix by 150.0% in the second quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock valued at $33,000 after buying an additional 15 shares in the last quarter. Flaharty Asset Management LLC purchased a new stake in shares of Netflix in the first quarter valued at approximately $37,000. Maseco LLP purchased a new stake in shares of Netflix in the second quarter valued at approximately $39,000. LGT Financial Advisors LLC purchased a new stake in shares of Netflix in the second quarter valued at approximately $40,000. Finally, Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Netflix in the first quarter valued at approximately $42,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Wells Fargo & Company decreased their target price on Netflix from $1,560.00 to $1,510.00 and set an “overweight” rating on the stock in a research report on Wednesday. Sanford C. Bernstein reiterated a “buy” rating on shares of Netflix in a research report on Friday, October 17th. JPMorgan Chase & Co. decreased their target price on Netflix from $1,300.00 to $1,275.00 and set a “neutral” rating on the stock in a research report on Wednesday. UBS Group set a $1,500.00 target price on Netflix in a research report on Wednesday. Finally, Pivotal Research reiterated a “buy” rating on shares of Netflix in a research report on Thursday, July 10th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Netflix currently has an average rating of “Moderate Buy” and an average target price of $1,352.78.

Insiders Place Their Bets

In related news, CFO Spencer Adam Neumann sold 2,600 shares of the company’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $1,172.51, for a total value of $3,048,526.00. Following the completion of the transaction, the chief financial officer directly owned 3,691 shares in the company, valued at approximately $4,327,734.41. This represents a 41.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Gregory K. Peters sold 2,026 shares of the company’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the completion of the transaction, the chief executive officer owned 12,781 shares of the company’s stock, valued at $14,793,240.64. The trade was a 13.68% decrease in their ownership of the stock. 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. Insiders own 1.37% of the company’s stock.

Netflix Stock Down 1.7%

Shares of NASDAQ:NFLX opened at $1,094.69 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.33 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 52-week low of $747.77 and a 52-week high of $1,341.15. The stock’s fifty day simple moving average is $1,207.21 and its 200-day simple moving average is $1,187.47. The company has a market capitalization of $463.85 billion, a P/E ratio of 45.73, a P/E/G ratio of 1.89 and a beta of 1.59.

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