Archford Capital Strategies LLC Has $4.05 Million Position in Netflix, Inc. $NFLX

Key Points

• Archford Capital Strategies LLC increased its holdings in Netflix, Inc. by 18.1%, bringing its position to $4.05 million during the second quarter.
• Several other institutional investors have also adjusted their stakes in Netflix, with institutional ownership currently at 80.93%.
• Netflix's stock experienced a modest price increase of 0.2% and has a market capitalization of approximately $514.42 billion, alongside a P/E ratio of 51.58.

Archford Capital Strategies LLC grew its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 18.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,023 shares of the Internet television network's stock after purchasing an additional 464 shares during the quarter. Archford Capital Strategies LLC's holdings in Netflix were worth $4,048,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Brighton Jones LLC lifted its stake in shares of Netflix by 5.0% during the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock valued at $4,804,000 after acquiring an additional 257 shares during the period. Revolve Wealth Partners LLC lifted its stake in shares of Netflix by 16.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock valued at $912,000 after acquiring an additional 144 shares during the period. AdvisorNet Financial Inc lifted its stake in shares of Netflix by 7.0% during the first quarter. AdvisorNet Financial Inc now owns 1,073 shares of the Internet television network's stock valued at $1,001,000 after acquiring an additional 70 shares during the period. BTC Capital Management Inc. acquired a new position in shares of Netflix during the first quarter valued at $523,000. Finally, Cerro Pacific Wealth Advisors LLC lifted its stake in shares of Netflix by 3.9% during the first quarter. Cerro Pacific Wealth Advisors LLC now owns 1,009 shares of the Internet television network's stock valued at $899,000 after acquiring an additional 38 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Transactions at Netflix

In related news, CFO Spencer Adam Neumann sold 2,601 shares of the 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 directly owned 3,691 shares in the company, valued at approximately $4,290,418.40. This trade represents a 41.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Reed Hastings sold 25,959 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $1,207.71, for a total value of $31,350,943.89. Following the transaction, the director owned 394 shares of the company's stock, valued at approximately $475,837.74. The trade was a 98.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 88,728 shares of company stock valued at $108,700,648 in the last ninety days. Corporate insiders own 1.37% of the company's stock.

Netflix Stock Up 0.2%

Shares of Netflix stock opened at $1,210.61 on Monday. Netflix, Inc. has a 1 year low of $677.88 and a 1 year high of $1,341.15. The business has a 50-day moving average of $1,208.75 and a two-hundred day moving average of $1,153.53. The company has a market capitalization of $514.42 billion, a P/E ratio of 51.58, a price-to-earnings-growth ratio of 2.04 and a beta of 1.60. 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 posted its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.07 by $0.12. The business had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.Netflix's quarterly revenue was up 15.9% on a year-over-year basis. During the same period last year, the company earned $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, equities analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Ratings Changes

NFLX has been the topic of several research reports. Seaport Res Ptn lowered Netflix from a "strong-buy" rating to a "hold" rating in a research note on Sunday, July 6th. Robert W. Baird upped their price objective on Netflix from $1,300.00 to $1,500.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Wedbush reiterated an "outperform" rating and issued a $1,500.00 price objective (up previously from $1,400.00) on shares of Netflix in a report on Monday, July 14th. Rosenblatt Securities upped their price objective on Netflix from $1,514.00 to $1,515.00 and gave the company a "buy" rating in a report on Friday, July 18th. Finally, UBS Group reiterated a "market underperform" rating on shares of Netflix in a report on Saturday, July 19th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Netflix has an average rating of "Moderate Buy" and an average price target of $1,328.87.

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.

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