127,559 Shares in Netflix, Inc. $NFLX Purchased by Robinhood Asset Management LLC

Key Points

• Robinhood Asset Management acquired 127,559 Netflix shares in the second quarter, valued at approximately $9.1 million. Institutional investors collectively own 80.93% of Netflix’s outstanding stock.
• Netflix shares opened at $79.59, down 0.7%, and remain well below their 12-month high of $126.71. The company nevertheless reported 13.4% year-over-year revenue growth and slightly exceeded quarterly earnings expectations.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $103.48. However, insiders sold roughly $49.1 million of stock during the latest quarter, including sales by CEO Ted Sarandos and Director Richard Barton.

Robinhood Asset Management LLC acquired a new stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 127,559 shares of the Internet television network's stock, valued at approximately $9,108,000.

Several other large investors also recently added to or reduced their stakes in the stock. Imprint Wealth LLC bought a new position in Netflix in the third quarter worth approximately $25,000. Wealth Watch Advisors INC bought a new stake in Netflix during the 3rd quarter valued at $103,000. Strategic Wealth Investment Group LLC bought a new stake in Netflix during the 2nd quarter valued at $121,000. Wiser Advisor Group LLC purchased a new stake in shares of Netflix in the 3rd quarter worth $114,000. Finally, Beaird Harris Wealth Management LLC lifted its holdings in shares of Netflix by 9.6% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 114 shares of the Internet television network's stock worth $137,000 after buying an additional 10 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Netflix

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on NFLX shares. Sanford C. Bernstein set a $95.00 price target on Netflix and gave the stock an "outperform" rating in a research report on Friday, July 17th. Wells Fargo & Company set a $80.00 price objective on shares of Netflix and gave the stock an "equal weight" rating in a research note on Friday, July 17th. CLSA assumed coverage on shares of Netflix in a report on Monday, July 20th. They set an "outperform" rating on the stock. China Intl Cap raised shares of Netflix to a "strong-buy" rating in a research report on Tuesday, July 21st. Finally, KeyCorp restated an "overweight" rating and issued a $92.00 price target (down from $115.00) on shares of Netflix in a report on Monday, July 13th. Four research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, seventeen have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $103.48.

Netflix Trading Down 0.7%

NFLX opened at $79.59 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.39. The firm has a market cap of $331.41 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 1.01 and a beta of 1.52. Netflix, Inc. has a 12 month low of $65.08 and a 12 month high of $126.71. The stock has a fifty day moving average price of $74.39 and a 200-day moving average price of $84.34.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Thursday, July 16th. The Internet television network reported $0.80 earnings per share for the quarter, beating 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 company had revenue of $12.56 billion for 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 firm's revenue for the quarter was up 13.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Netflix, Inc. will post 3.59 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In other Netflix news, Director Richard N. Barton sold 2,160 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $75.10, for a total transaction of $162,216.00. Following the completion of the sale, the director directly owned 246 shares of the company's stock, valued at approximately $18,474.60. This represents a 89.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Theodore A. Sarandos sold 27,312 shares of the firm's stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $73.35, for a total transaction of $2,003,335.20. Following the completion of the sale, the chief executive officer owned 178,954 shares in the company, valued at $13,126,275.90. This represents a 13.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 600,295 shares of company stock valued at $49,056,671. 1.24% of the stock is currently owned by corporate insiders.

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.

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