David J Yvars Group Acquires 272 Shares of Netflix, Inc. $NFLX

David J Yvars Group raised its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 10.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,856 shares of the Internet television network's stock after buying an additional 272 shares during the quarter. Netflix accounts for approximately 2.2% of David J Yvars Group's holdings, making the stock its 12th biggest holding. David J Yvars Group's holdings in Netflix were worth $3,825,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of NFLX. Brighton Jones LLC lifted its position in Netflix by 5.0% during the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock worth $4,804,000 after buying an additional 257 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in Netflix by 16.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock worth $912,000 after buying an additional 144 shares in the last quarter. Visionary Wealth Advisors lifted its position in Netflix by 8.6% during the 4th quarter. Visionary Wealth Advisors now owns 1,120 shares of the Internet television network's stock worth $999,000 after buying an additional 89 shares in the last quarter. Zurich Insurance Group Ltd FI lifted its position in Netflix by 10.9% during the 4th quarter. Zurich Insurance Group Ltd FI now owns 197,799 shares of the Internet television network's stock worth $176,302,000 after buying an additional 19,396 shares in the last quarter. Finally, Woodline Partners LP acquired a new position in Netflix during the 4th quarter worth about $20,787,000. Institutional investors own 80.93% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on NFLX. Wedbush restated an "outperform" rating and set a $1,500.00 target price (up from $1,400.00) on shares of Netflix in a research report on Monday, July 14th. UBS Group restated a "market underperform" rating on shares of Netflix in a research report on Saturday, July 19th. Robert W. Baird upped their target price on shares of Netflix from $1,300.00 to $1,500.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. Pivotal Research restated a "buy" rating on shares of Netflix in a research report on Thursday, July 10th. Finally, Sanford C. Bernstein upped their target price on shares of Netflix from $1,200.00 to $1,390.00 and gave the company an "outperform" rating in a research report on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Netflix presently has an average rating of "Moderate Buy" and an average target price of $1,317.58.

Netflix Trading Down 0.1%

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

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 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 business had revenue of $11.08 billion during the quarter, compared to analysts' expectations of $11.04 billion. During the same quarter in the prior year, the business posted $4.88 earnings per share. Netflix's revenue was up 15.9% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Activity at Netflix

In other news, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $1,162.40, for a total value of $3,023,402.40. Following the completion of the transaction, the chief financial officer owned 3,691 shares of the company's stock, valued at approximately $4,290,418.40. This represents a 41.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Theodore A. Sarandos sold 2,026 shares of the stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the completion of the transaction, the chief executive officer directly owned 15,168 shares of the company's stock, valued at $17,604,284.16. This trade represents a 11.78% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 89,348 shares of company stock worth $109,498,489 over the last three months. 1.37% of the stock is owned by insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.