Netflix, Inc. $NFLX Stock: NFSG Corp Boosts Holdings

NFSG Corp raised its holdings in Netflix, Inc. (NASDAQ:NFLX) by 25.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 97,605 shares of the Internet television network’s stock after purchasing an additional 19,948 shares during the quarter. NFSG Corp’s holdings in Netflix were worth $6,791,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. SLT Holdings LLC purchased a new position in Netflix in the third quarter valued at $394,000. Whitener Capital Management Inc. grew its position in shares of Netflix by 6.0% during the 3rd quarter. Whitener Capital Management Inc. now owns 17,513 shares of the Internet television network’s stock valued at $1,219,000 after acquiring an additional 998 shares during the period. Walser Wealth Management Company A Ltd Liability Co grew its position in shares of Netflix by 28.1% during the 3rd quarter. Walser Wealth Management Company A Ltd Liability Co now owns 8,802 shares of the Internet television network’s stock valued at $612,000 after acquiring an additional 1,933 shares during the period. R2 Capital Strategies LLC grew its position in shares of Netflix by 18.6% during the 3rd quarter. R2 Capital Strategies LLC now owns 3,856 shares of the Internet television network’s stock valued at $268,000 after acquiring an additional 606 shares during the period. Finally, V Square Quantitative Management LLC increased its stake in shares of Netflix by 6.8% in the 3rd quarter. V Square Quantitative Management LLC now owns 15,458 shares of the Internet television network’s stock valued at $1,076,000 after purchasing an additional 980 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix News Summary

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Jefferies initiated coverage with a Buy rating and an $85 price target, citing potential revenue support from subscription-price increases and advertising. Netflix stock gets bullish analyst call ahead of next week’s earnings
• Positive Sentiment: Netflix named former Disney and Fox executive Peter Rice as chief content officer, replacing Bela Bajaria. Rice’s experience could help Netflix improve its content strategy and viewer engagement as competition intensifies. Netflix names former Disney executive Rice as new content chief
• Neutral Sentiment: Netflix will release third-quarter results on October 20. Wall Street estimates for revenue, earnings and operating metrics may drive volatility as investors look for evidence that pricing, advertising and content investments are offsetting weaker engagement. Ahead of Netflix Q3 earnings
• Negative Sentiment: Netflix is eliminating roughly 1,000 positions, or 6% of its workforce, its largest reduction since 2022. Management described the move as a resource-allocation and efficiency effort, but investors may view it as evidence of slowing growth and pressure to control costs. Netflix is laying off roughly 6% of its workforce
• Negative Sentiment: Reports citing app data indicate U.S. churn has risen and viewing engagement has weakened. Those trends raise questions about Netflix’s ability to retain subscribers amid competition from other streaming services, YouTube and creator-led video. Netflix warning signs ahead of Q3 earnings

Insider Activity

In related news, CEO Gregory K. Peters sold 27,312 shares of the firm’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $73.54, for a total transaction of $2,008,524.48. Following the completion of the sale, the chief executive officer directly owned 120,931 shares in the company, valued at approximately $8,893,265.74. This trade represents a 18.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Spencer Neumann sold 9,248 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $75.79, for a total transaction of $700,905.92. Following the sale, the chief financial officer owned 73,787 shares of the company’s stock, valued at approximately $5,592,316.73. The trade was a 11.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 179,045 shares of company stock worth $13,132,194. Insiders own 1.24% of the company’s stock.

Netflix Stock Up 2.9%

Shares of NASDAQ:NFLX opened at $72.61 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.39. The business has a fifty day moving average of $75.25 and a two-hundred day moving average of $80.73. The stock has a market cap of $302.34 billion, a P/E ratio of 22.85, a PEG ratio of 1.00 and a beta of 1.62. Netflix, Inc. has a 52-week low of $65.08 and a 52-week high of $124.86.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 period last year, the company earned $0.72 EPS. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, research analysts expect that Netflix, Inc. will post 3.59 earnings per share for the current year.

Analyst Ratings Changes

NFLX has been the subject of several recent analyst reports. Rosenblatt Securities set a $75.00 price target on shares of Netflix and gave the stock a “neutral” rating in a report on Friday, July 17th. Huber Research downgraded shares of Netflix from a “buy” rating to an “underweight” rating in a report on Tuesday. Oppenheimer set a $85.00 price objective on shares of Netflix and gave the company an “outperform” rating 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. Finally, Moffett Nathanson cut their target price on shares of Netflix from $115.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, July 17th. Three research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $94.41.

Netflix Company Profile

Netflix, Inc (NASDAQ:NFLX) is a global entertainment company that operates a subscription-based streaming service. It offers a broad range of television series, films, documentaries, and other programming, including original productions developed under the Netflix brand and licensed content from third-party studios.

The company also provides advertising-supported viewing options in some markets and has expanded into related entertainment categories, including mobile and cloud-based games, live programming, and consumer products associated with selected titles.