Advisory Alpha LLC Raises Stake in Netflix, Inc. $NFLX

Key Points

• Advisory Alpha LLC increased its stake in Netflix, Inc. by 12.5%, acquiring an additional 257 shares, bringing its total holding to 2,308 shares valued at approximately $2.15 million.
• Netflix recently reported quarterly earnings of $7.19 per share, exceeding analyst estimates, with revenues of $11.08 billion, reflecting a 15.9% year-over-year increase.
• Insider activity saw Director Reed Hastings selling 25,959 shares for over $31 million, significantly reducing his stake in the company.

Advisory Alpha LLC raised its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 12.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,308 shares of the Internet television network's stock after purchasing an additional 257 shares during the quarter. Advisory Alpha LLC's holdings in Netflix were worth $2,152,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in NFLX. Resurgent Financial Advisors LLC lifted its holdings in shares of Netflix by 234.4% in the first quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network's stock worth $942,000 after buying an additional 708 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of Netflix by 42.1% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 441,861 shares of the Internet television network's stock worth $412,059,000 after buying an additional 130,946 shares in the last quarter. PharVision Advisers LLC purchased a new position in shares of Netflix in the fourth quarter worth $873,000. New England Research & Management Inc. lifted its holdings in shares of Netflix by 148.5% in the first quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network's stock worth $1,979,000 after buying an additional 1,268 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in shares of Netflix by 12.3% in the first quarter. NewEdge Advisors LLC now owns 52,760 shares of the Internet television network's stock worth $49,201,000 after buying an additional 5,776 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Netflix Trading Up 0.1%

NFLX stock opened at $1,244.76 on Tuesday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a twelve month low of $660.80 and a twelve month high of $1,341.15. The stock has a market capitalization of $528.93 billion, a price-to-earnings ratio of 53.04, a price-to-earnings-growth ratio of 2.09 and a beta of 1.60. The firm's fifty day simple moving average is $1,223.47 and its two-hundred day simple moving average is $1,126.74.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating 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 business had revenue of $11.08 billion for the quarter, compared to analysts' expectations of $11.04 billion. During the same quarter in the previous year, the business posted $4.88 earnings per share. The business's revenue was up 15.9% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on NFLX shares. Seaport Res Ptn downgraded shares of Netflix from a "strong-buy" rating to a "hold" rating in a report on Sunday, July 6th. The Goldman Sachs Group boosted their target price on shares of Netflix from $1,000.00 to $1,140.00 and gave the stock a "neutral" rating in a report on Wednesday, July 2nd. UBS Group reaffirmed a "market underperform" rating on shares of Netflix in a research note on Saturday, July 19th. Wells Fargo & Company upped their price target on shares of Netflix from $1,500.00 to $1,560.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Finally, Zacks Research downgraded shares of Netflix from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 1st. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $1,317.58.

Insider Activity

In other news, Director Reed Hastings sold 25,959 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $1,207.71, for a total value of $31,350,943.89. Following the transaction, the director directly owned 394 shares in the company, valued at approximately $475,837.74. This represents a 98.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of the company's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $1,162.40, for a total transaction of $3,023,402.40. Following the completion of the transaction, the chief financial officer owned 3,691 shares in the company, valued at approximately $4,290,418.40. The trade was a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 89,348 shares of company stock worth $109,498,489. 1.37% of the stock is currently owned by insiders.

About Netflix

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.

Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.