Central Valley Advisors LLC Makes New $1.85 Million Investment in Netflix, Inc. $NFLX

Key Points

• Central Valley Advisors LLC has made a new investment in Netflix, acquiring 1,380 shares valued at approximately $1.85 million.
• Approximately 80.93% of Netflix's stock is currently owned by institutional investors and hedge funds, indicating significant interest in the company.
• Netflix's recent quarterly earnings reported $7.19 EPS, exceeding analysts' expectations, with revenue of $11.08 billion, a 15.9% increase year-over-year.

Central Valley Advisors LLC acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,380 shares of the Internet television network's stock, valued at approximately $1,848,000.

Other hedge funds have also modified their holdings of the company. Resurgent Financial Advisors LLC raised its position 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 valued at $942,000 after buying an additional 708 shares during the last quarter. MRA Advisory Group raised its position in shares of Netflix by 28.4% in the second quarter. MRA Advisory Group now owns 919 shares of the Internet television network's stock valued at $1,231,000 after buying an additional 203 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position 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 valued at $412,059,000 after buying an additional 130,946 shares during the last quarter. PharVision Advisers LLC purchased a new stake in shares of Netflix in the fourth quarter valued at about $873,000. Finally, New England Research & Management Inc. grew 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 valued at $1,979,000 after purchasing an additional 1,268 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on NFLX shares. Pivotal Research reissued a "buy" rating on shares of Netflix in a report on Thursday, July 10th. Rosenblatt Securities upped their price objective on shares of Netflix from $1,514.00 to $1,515.00 and gave the company a "buy" rating in a report on Friday, July 18th. Sanford C. Bernstein upped their price objective on shares of Netflix from $1,200.00 to $1,390.00 and gave the company an "outperform" rating in a report on Thursday, July 17th. Needham & Company LLC reissued a "buy" rating and issued a $1,500.00 price objective on shares of Netflix in a report on Wednesday, September 10th. Finally, Zacks Research lowered shares of Netflix from a "strong-buy" rating to a "hold" rating in a report on Monday, September 1st. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $1,317.58.

Insider Transactions at Netflix

In related news, insider Cletus R. Willems sold 238 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total value of $274,537.76. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 2,026 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the completion of the sale, the chief executive officer directly owned 12,781 shares in the company, valued at approximately $14,793,240.64. This trade represents a 13.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 89,348 shares of company stock valued at $109,498,489 over the last quarter. Insiders own 1.37% of the company's stock.

Netflix Stock Down 0.1%

Shares of NFLX opened at $1,200.51 on Wednesday. The stock has a market capitalization of $510.13 billion, a PE ratio of 51.15, a P/E/G ratio of 2.02 and a beta of 1.60. Netflix, Inc. has a 1 year low of $677.88 and a 1 year high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. The company's 50-day simple moving average is $1,214.91 and its 200-day simple moving average is $1,135.62.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings results 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. The business had revenue of $11.08 billion for the quarter, compared to analysts' expectations of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business's quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior 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. Analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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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