Guardian Asset Advisors LLC Boosts Position in Netflix, Inc. $NFLX

Key Points

• Guardian Asset Advisors LLC increased its holdings in Netflix, Inc. by 35.4% in the second quarter, now owning 1,212 shares valued at approximately $1,623,000.
• Despite a missed earnings estimate for the quarter, Netflix reported a year-over-year revenue increase of 17.2%, totaling $11.51 billion.
• Netflix has an average analyst rating of "Moderate Buy" with a consensus target price of $1,352.78, indicating optimism for future growth.

Guardian Asset Advisors LLC increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 35.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,212 shares of the Internet television network's stock after purchasing an additional 317 shares during the quarter. Netflix makes up approximately 0.9% of Guardian Asset Advisors LLC's portfolio, making the stock its 27th biggest position. Guardian Asset Advisors LLC's holdings in Netflix were worth $1,623,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Carnegie Investment Counsel lifted its stake in Netflix by 64.5% in the second quarter. Carnegie Investment Counsel now owns 2,498 shares of the Internet television network's stock valued at $3,345,000 after buying an additional 979 shares during the last quarter. Smith Group Asset Management LLC lifted its stake in Netflix by 2.6% in the second quarter. Smith Group Asset Management LLC now owns 37,124 shares of the Internet television network's stock valued at $49,714,000 after buying an additional 943 shares during the last quarter. CAP Partners LLC purchased a new stake in Netflix in the second quarter valued at approximately $233,000. Avion Wealth lifted its stake in Netflix by 23.1% in the second quarter. Avion Wealth now owns 336 shares of the Internet television network's stock valued at $449,000 after buying an additional 63 shares during the last quarter. Finally, FSM Wealth Advisors LLC lifted its stake in Netflix by 92.7% in the second quarter. FSM Wealth Advisors LLC now owns 900 shares of the Internet television network's stock valued at $1,160,000 after buying an additional 433 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Netflix Trading Down 0.2%

Shares of NFLX stock opened at $1,113.59 on Friday. The business's fifty day moving average price is $1,210.10 and its 200 day moving average price is $1,183.73. Netflix, Inc. has a 1-year low of $746.25 and a 1-year high of $1,341.15. The firm has a market capitalization of $473.19 billion, a PE ratio of 46.52, a P/E/G ratio of 1.89 and a beta of 1.59. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.34.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share 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 analyst estimates of $11.52 billion. Netflix had a net margin of 24.05% and a return on equity of 41.86%. The firm's revenue for the quarter was up 17.2% on a year-over-year basis. During the same period last year, the company posted $5.40 EPS. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. As a group, sell-side analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Barclays reiterated a "sell" rating and issued a $1,100.00 price objective (up previously from $1,000.00) on shares of Netflix in a research note on Wednesday, July 9th. TD Cowen dropped their target price on Netflix from $1,450.00 to $1,425.00 and set a "buy" rating on the stock in a report on Tuesday, October 7th. Needham & Company LLC reissued a "buy" rating and issued a $1,500.00 target price on shares of Netflix in a report on Wednesday. The Goldman Sachs Group dropped 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. Finally, Phillip Securities lowered Netflix from a "hold" rating to a "strong sell" rating in a report on Monday, July 21st. Two 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. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $1,352.78.

Insider Buying and Selling

In other Netflix news, Director Reed Hastings sold 42,176 shares of the company's stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the sale, the director owned 394 shares of the company's stock, valued at approximately $461,736.48. This represents a 99.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Spencer Adam Neumann sold 2,600 shares of the company's stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $1,172.51, for a total value of $3,048,526.00. Following the completion of the sale, the chief financial officer directly owned 3,691 shares in the company, valued at $4,327,734.41. This trade represents a 41.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,100 shares of company stock valued at $122,710,980 in the last three months. 1.37% of the stock is owned by 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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