Fragasso Financial Advisors Inc Has $3.94 Million Stock Position in Netflix, Inc. $NFLX

Key Points

• Fragasso Financial Advisors Inc has reduced its stake in Netflix, Inc. by 34.9%, holding 2,944 shares worth approximately $3.94 million after selling 1,578 shares in the 2nd quarter.
• Netflix's stock has recently received mixed ratings from analysts, with a consensus rating of "Moderate Buy" and a price target averaging $1,317.58.
• Insider trading activity included sales by CFO Spencer Adam Neumann and CEO Gregory K. Peters, who sold shares valued at over $5 million combined in recent transactions.

Fragasso Financial Advisors Inc reduced its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 34.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,944 shares of the Internet television network's stock after selling 1,578 shares during the quarter. Fragasso Financial Advisors Inc's holdings in Netflix were worth $3,942,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of NFLX. Halbert Hargrove Global Advisors LLC lifted its position in shares of Netflix by 100.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after buying an additional 13 shares during the last quarter. Brown Shipley& Co Ltd bought a new position in Netflix in the fourth quarter valued at about $27,000. Copia Wealth Management bought a new position in Netflix in the fourth quarter valued at about $37,000. Flaharty Asset Management LLC bought a new position in Netflix in the first quarter valued at about $37,000. Finally, Barnes Dennig Private Wealth Management LLC bought a new position in Netflix in the first quarter valued at about $42,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on NFLX shares. Wall Street Zen raised Netflix from a "hold" rating to a "buy" rating in a research note on Saturday. Barclays reissued a "sell" rating and issued a $1,100.00 price target (up previously from $1,000.00) on shares of Netflix in a research note on Wednesday, July 9th. Oppenheimer increased their price target on Netflix from $1,200.00 to $1,425.00 and gave the company an "outperform" rating in a research note on Thursday, June 12th. Loop Capital reissued a "hold" rating on shares of Netflix in a research note on Tuesday, July 15th. Finally, Seaport Res Ptn cut Netflix from a "strong-buy" rating to a "hold" rating in a research note on Sunday, July 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,317.58.

Netflix Stock Performance

NASDAQ:NFLX opened at $1,202.26 on Tuesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. Netflix, Inc. has a 52-week low of $677.88 and a 52-week high of $1,341.15. The firm has a market cap of $510.88 billion, a price-to-earnings ratio of 51.23, a PEG ratio of 2.00 and a beta of 1.60. The business's fifty day moving average is $1,216.40 and its 200 day moving average is $1,135.17.

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, beating analysts' consensus estimates of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The company had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same period in the previous year, the company posted $4.88 EPS. The firm's revenue for the quarter 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. Research analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Insiders Place Their Bets

In other Netflix news, CFO Spencer Adam Neumann sold 2,601 shares of the company's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $1,162.40, for a total value of $3,023,402.40. Following the transaction, the chief financial officer directly owned 3,691 shares in the company, valued at $4,290,418.40. This represents a 41.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gregory K. Peters sold 2,026 shares of the company's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the completion of the transaction, the chief executive officer owned 12,781 shares in the company, valued at $14,793,240.64. This represents a 13.68% decrease in their ownership of the stock. 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 90 days. 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.

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