Golden State Equity Partners Has $5.79 Million Stake in Netflix, Inc. $NFLX

Key Points

• Golden State Equity Partners increased its stake in Netflix by 5.8%, holding 4,325 shares valued at approximately $5.79 million, making it the firm's 14th largest holding.
• Netflix beat analysts' expectations with $7.19 earnings per share for the last quarter, surpassing the consensus estimate by $0.12, and reported a revenue increase of 15.9% from the prior year.
• The stock has an average rating of "Moderate Buy" from analysts, with a consensus target price of $1,328.87, reflecting positive sentiment in the market despite a recent downgrade from one analyst.

Golden State Equity Partners grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 5.8% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 4,325 shares of the Internet television network's stock after buying an additional 238 shares during the period. Netflix makes up 1.1% of Golden State Equity Partners' investment portfolio, making the stock its 14th biggest holding. Golden State Equity Partners' holdings in Netflix were worth $5,792,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC lifted its position in shares of Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after acquiring an additional 13 shares during the period. Ransom Advisory Ltd bought a new stake in shares of Netflix during the second quarter valued at approximately $47,000. Flaharty Asset Management LLC acquired a new position in shares of Netflix in the first quarter valued at $37,000. Copia Wealth Management bought a new position in Netflix in the fourth quarter worth $37,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new stake in Netflix during the first quarter worth $42,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Price Performance

Netflix stock opened at $1,226.97 on Monday. The business's 50-day simple moving average is $1,212.49 and its 200 day simple moving average is $1,142.30. 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 cap of $521.38 billion, a price-to-earnings ratio of 52.28, a P/E/G ratio of 2.07 and a beta of 1.60. Netflix, Inc. has a 12-month low of $677.88 and a 12-month high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results 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 net margin of 24.58% and a return on equity of 42.50%. The company had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same period in the prior year, the company posted $4.88 EPS. The company'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. As a group, research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of Netflix from $1,230.00 to $1,300.00 and gave the company a "neutral" rating in a research note on Friday, July 18th. Bank of America increased their price target on shares of Netflix from $1,175.00 to $1,490.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. Seaport Res Ptn downgraded Netflix from a "strong-buy" rating to a "hold" rating in a report on Sunday, July 6th. Citigroup reissued a "neutral" rating and issued a $1,250.00 target price (up from $1,020.00) on shares of Netflix in a report on Thursday, May 29th. Finally, Phillip Securities lowered Netflix from a "hold" rating to a "strong sell" rating in a research note on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $1,328.87.

Insider Activity at Netflix

In other news, insider David A. Hyman sold 424 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,158.67, for a total value of $491,276.08. Following the transaction, the insider owned 31,610 shares of the company's stock, valued at $36,625,558.70. This represents a 1.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Cletus R. Willems sold 238 shares of the firm's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $1,153.52, for a total value of $274,537.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 89,348 shares of company stock worth $109,498,489. 1.37% of the stock is owned by company insiders.

Netflix 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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