Advisors Asset Management Inc. Acquires 1,754 Shares of Netflix, Inc. $NFLX

Key Points

• Advisors Asset Management Inc. increased its position in Netflix, Inc. by 28.2% during Q1, raising its holdings to 7,967 shares valued at approximately $7.4 million.
• Institutional investors own 80.93% of Netflix stock, with notable increases in positions by firms like Resurgent Financial Advisors and BNP PARIBAS ASSET MANAGEMENT.
• Netflix recently reported a quarterly EPS of $7.19, exceeding analyst expectations, with a revenue of $11.08 billion and a year-over-year revenue growth of 15.9%.

Advisors Asset Management Inc. increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 28.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,967 shares of the Internet television network's stock after acquiring an additional 1,754 shares during the quarter. Advisors Asset Management Inc.'s holdings in Netflix were worth $7,429,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Halbert Hargrove Global Advisors LLC grew its stake in shares of Netflix by 100.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after purchasing an additional 13 shares during the last quarter. Brown Shipley& Co Ltd bought a new stake in shares of Netflix in the fourth quarter worth about $27,000. Copia Wealth Management bought a new stake in Netflix during the 4th quarter valued at approximately $37,000. Barnes Dennig Private Wealth Management LLC bought a new stake in Netflix during the 1st quarter valued at approximately $42,000. Finally, Stuart Chaussee & Associates Inc. boosted its position in Netflix by 4,500.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock valued at $41,000 after acquiring an additional 45 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Netflix

In other Netflix news, Director Reed Hastings sold 25,959 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $1,207.71, for a total transaction of $31,350,943.89. Following the completion of the sale, the director directly owned 394 shares in the company, valued at approximately $475,837.74. The trade was a 98.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David A. Hyman sold 424 shares of the business's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the sale, the insider owned 31,610 shares of the company's stock, valued at approximately $36,625,558.70. This represents a 1.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 89,348 shares of company stock worth $109,498,489. 1.37% of the stock is owned by corporate insiders.

Netflix Stock Down 1.1%

NASDAQ NFLX traded down $13.66 during mid-day trading on Friday, reaching $1,243.82. The stock had a trading volume of 2,378,410 shares, compared to its average volume of 2,541,951. Netflix, Inc. has a 1 year low of $660.80 and a 1 year high of $1,341.15. The stock has a market cap of $528.54 billion, a PE ratio of 53.00, a price-to-earnings-growth ratio of 2.09 and a beta of 1.60. The company has a fifty day moving average price of $1,225.36 and a 200 day moving average price of $1,124.35. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping analysts' consensus estimates of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. During the same period in the previous year, the business earned $4.88 EPS. The firm's revenue for the quarter was up 15.9% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on NFLX shares. The Goldman Sachs Group lifted their price objective on Netflix from $1,000.00 to $1,140.00 and gave the company a "neutral" rating in a research report on Wednesday, July 2nd. Robert W. Baird lifted their price objective on Netflix from $1,300.00 to $1,500.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. Rosenblatt Securities lifted their price objective on Netflix from $1,514.00 to $1,515.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Oppenheimer lifted their price objective on Netflix from $1,200.00 to $1,425.00 and gave the company an "outperform" rating in a research report on Thursday, June 12th. Finally, Phillip Securities cut Netflix from a "hold" rating to a "strong sell" rating in a research report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $1,317.58.

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.