Bleakley Financial Group LLC Has $20.17 Million Stock Holdings in Netflix, Inc. $NFLX

Key Points

• Bleakley Financial Group LLC increased its holdings in Netflix by 2.7%, resulting in a total of 15,064 shares valued at $20.17 million as of the latest SEC filing.
• Recent insider trades included notable sales from Reed Hastings, who sold 42,176 shares for nearly $49.43 million, significantly reducing his position in the company.
• Netflix's stock price has recently dropped 10.1%, with current trading at $1,116.37, following a quarterly earnings report that showed a miss on EPS estimates.

Bleakley Financial Group LLC boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 2.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,064 shares of the Internet television network's stock after purchasing an additional 391 shares during the period. Bleakley Financial Group LLC's holdings in Netflix were worth $20,173,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC grew its position in Netflix by 5.0% in 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 holdings 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. GAMMA Investing LLC boosted its stake in shares of Netflix by 17.6% in the 1st quarter. GAMMA Investing LLC now owns 9,475 shares of the Internet television network's stock valued at $8,836,000 after purchasing an additional 1,415 shares in the last quarter. AssuredPartners Investment Advisors LLC grew its holdings in shares of Netflix by 3.7% in the 1st quarter. AssuredPartners Investment Advisors LLC now owns 360 shares of the Internet television network's stock worth $336,000 after purchasing an additional 13 shares during the last quarter. Finally, Ledyard National Bank increased its position in shares of Netflix by 4.7% during the 1st quarter. Ledyard National Bank now owns 268 shares of the Internet television network's stock worth $250,000 after purchasing an additional 12 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Insider Activity at Netflix

In other Netflix news, insider Cletus R. Willems sold 238 shares of Netflix stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total transaction of $274,537.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Reed Hastings sold 42,176 shares of the company's stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total transaction of $49,426,897.92. Following the sale, the director owned 394 shares of the company's stock, valued at $461,736.48. The trade was a 99.07% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,100 shares of company stock worth $122,710,980 over the last 90 days. Insiders own 1.37% of the company's stock.

Netflix Trading Down 10.1%

NFLX stock opened at $1,116.37 on Thursday. 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 $744.26 and a twelve month high of $1,341.15. The company has a market cap of $474.38 billion, a P/E ratio of 46.63, a PEG ratio of 2.09 and a beta of 1.59. The business has a fifty day moving average of $1,212.43 and a 200-day moving average of $1,182.04.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.88 by ($1.01). The firm had revenue of $11.51 billion during the quarter, compared to the consensus estimate of $11.52 billion. Netflix had a net margin of 24.05% and a return on equity of 42.45%. Netflix's revenue was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.40 EPS. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. As a group, equities research analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on NFLX. BMO Capital Markets reaffirmed an "outperform" rating and set a $1,425.00 price objective (up from $1,200.00) on shares of Netflix in a research note on Tuesday, July 15th. Benchmark reissued a "hold" rating on shares of Netflix in a report on Wednesday. JPMorgan Chase & Co. dropped their price target on Netflix from $1,300.00 to $1,275.00 and set a "neutral" rating for the company in a report on Wednesday. Needham & Company LLC reiterated a "buy" rating and issued a $1,500.00 price objective on shares of Netflix in a research report on Wednesday. Finally, The Goldman Sachs Group decreased their target price on Netflix from $1,310.00 to $1,300.00 and set a "neutral" rating on the stock in a report on Tuesday, September 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $1,341.22.

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.

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