Asset Advisors Investment Management LLC Boosts Holdings in Netflix, Inc. $NFLX

Key Points

• Asset Advisors Investment Management LLC has increased its stake in Netflix, Inc. by 14.3%, owning a total of 5,236 shares valued at approximately $7 million as of the end of Q2.
• Insider selling was notable, with CEO Theodore Sarandos selling 2,026 shares for over $2.35 million and Director Reed Hastings selling 42,176 shares worth nearly $49.43 million.
• Netflix reported $11.08 billion in revenue for the last quarter, exceeding estimates, and had a year-over-year revenue growth of 15.9%.

Asset Advisors Investment Management LLC lifted its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 14.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,236 shares of the Internet television network's stock after buying an additional 657 shares during the period. Asset Advisors Investment Management LLC's holdings in Netflix were worth $7,012,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Halbert Hargrove Global Advisors LLC increased its stake in Netflix by 100.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after purchasing an additional 13 shares during the period. Maseco LLP acquired a new position in Netflix in the second quarter valued at $39,000. Ransom Advisory Ltd acquired a new position in Netflix in the second quarter valued at $47,000. Flaharty Asset Management LLC acquired a new position in Netflix in the first quarter valued at $37,000. Finally, Signature Resources Capital Management LLC boosted its holdings in shares of Netflix by 740.0% in the second quarter. Signature Resources Capital Management LLC now owns 42 shares of the Internet television network's stock valued at $56,000 after acquiring an additional 37 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Netflix

In other news, CEO Theodore A. Sarandos sold 2,026 shares of the business's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the transaction, the chief executive officer directly owned 15,168 shares of the company's stock, valued at approximately $17,604,284.16. The trade was a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Reed Hastings sold 42,176 shares of the business's stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total transaction of $49,426,897.92. Following the transaction, the director directly owned 394 shares in the company, valued at approximately $461,736.48. The trade was a 99.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 104,100 shares of company stock valued at $122,710,980. 1.37% of the stock is owned by company insiders.

Netflix Price Performance

NFLX opened at $1,162.53 on Friday. 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 52-week low of $677.88 and a 52-week high of $1,341.15. The company has a 50 day moving average of $1,207.90 and a two-hundred day moving average of $1,157.42. The company has a market cap of $493.99 billion, a P/E ratio of 49.53, a P/E/G ratio of 1.97 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $11.04 billion. During the same period in the previous year, the firm earned $4.88 earnings per share. Netflix'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, analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on NFLX shares. Jefferies Financial Group reaffirmed a "buy" rating on shares of Netflix in a report on Thursday, September 11th. BMO Capital Markets reiterated an "outperform" rating and issued a $1,425.00 price objective (up previously from $1,200.00) on shares of Netflix in a research note on Tuesday, July 15th. 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 research note on Monday, July 14th. Canaccord Genuity Group reiterated a "buy" rating on shares of Netflix in a research note on Thursday, July 10th. Finally, UBS Group reiterated a "market underperform" rating on shares of Netflix in a research note on Saturday, July 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Netflix currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,334.03.

Netflix 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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