Benchmark Investment Advisors LLC Acquires New Shares in Netflix, Inc. $NFLX

Key Points

• Benchmark Investment Advisors acquired 28,579 Netflix shares worth approximately $2.04 million in the second quarter. Institutional investors and hedge funds collectively own 80.93% of the company.
• Netflix insiders have been significant sellers: CEO Gregory Peters sold 27,312 shares, while director Reed Hastings sold 386,700 shares; insiders sold approximately $49.1 million of stock over the past 90 days.
• Analysts maintain a generally positive outlook, with Netflix carrying a “Moderate Buy” consensus rating and an average price target of $103.48. The company’s latest quarterly revenue rose 13.4% year over year, although it slightly missed estimates.

Benchmark Investment Advisors LLC acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 28,579 shares of the Internet television network's stock, valued at approximately $2,041,000.

Several other large investors also recently bought and sold shares of the company. Imprint Wealth LLC acquired a new position in Netflix during the third quarter worth about $25,000. Wealth Watch Advisors INC purchased a new stake in shares of Netflix in the third quarter valued at about $103,000. Strategic Wealth Investment Group LLC acquired a new stake in shares of Netflix in the second quarter valued at approximately $121,000. Wiser Advisor Group LLC acquired a new stake in shares of Netflix in the third quarter valued at approximately $114,000. Finally, Beaird Harris Wealth Management LLC increased its stake in shares of Netflix by 9.6% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 114 shares of the Internet television network's stock worth $137,000 after purchasing an additional 10 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Transactions at Netflix

In other Netflix news, CEO Gregory K. Peters sold 27,312 shares of the company's stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $73.54, for a total transaction of $2,008,524.48. Following the completion of the sale, the chief executive officer directly owned 120,931 shares in the company, valued at $8,893,265.74. This represents a 18.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Reed Hastings sold 386,700 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $85.97, for a total transaction of $33,244,599.00. Following the sale, the director directly owned 3,940 shares of the company's stock, valued at approximately $338,721.80. This trade represents a 98.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 600,295 shares of company stock valued at $49,056,671 in the last ninety days. Company insiders own 1.24% of the company's stock.

Netflix News Roundup

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 Upgrades and Downgrades

NFLX has been the subject of several research reports. China Intl Cap upgraded Netflix to a "strong-buy" rating in a research report on Tuesday, July 21st. KeyCorp reiterated an "overweight" rating and set a $92.00 target price (down from $115.00) on shares of Netflix in a report on Monday, July 13th. BMO Capital Markets reissued an "outperform" rating on shares of Netflix in a research report on Friday, August 14th. Citic Securities boosted their price target on Netflix from $95.00 to $107.00 and gave the stock a "hold" rating in a report on Monday, April 27th. Finally, Robert W. Baird set a $90.00 price objective on Netflix and gave the company an "outperform" rating in a research report on Wednesday, July 22nd. Four research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, seventeen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $103.48.

Netflix Trading Down 0.7%

Shares of NFLX stock opened at $79.59 on Friday. The firm has a market cap of $331.41 billion, a P/E ratio of 25.05, a PEG ratio of 1.00 and a beta of 1.52. Netflix, Inc. has a 1-year low of $65.08 and a 1-year high of $126.71. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.14 and a quick ratio of 1.14. The firm's 50-day simple moving average is $74.39 and its 200-day simple moving average is $84.34.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.01. The company had revenue of $12.56 billion for the quarter, compared to the consensus estimate of $12.58 billion. Netflix had a net margin of 28.22% and a return on equity of 40.02%. Netflix's revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.72 earnings per share. As a group, equities analysts forecast that Netflix, Inc. will post 3.59 EPS for the current year.

Netflix 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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