Harrell Investment Partners LLC acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,053 shares of the Internet television network's stock, valued at approximately $5,427,000. Netflix makes up about 1.4% of Harrell Investment Partners LLC's investment portfolio, making the stock its 23rd biggest position.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Resurgent Financial Advisors LLC grew its holdings in shares of Netflix by 234.4% during the first quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network's stock worth $942,000 after purchasing an additional 708 shares in the last quarter. MRA Advisory Group boosted its stake in Netflix by 28.4% in the second quarter. MRA Advisory Group now owns 919 shares of the Internet television network's stock worth $1,231,000 after buying an additional 203 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in 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 worth $412,059,000 after buying an additional 130,946 shares in the last quarter. McGlone Suttner Wealth Management Inc. boosted its stake in Netflix by 1.4% in the second quarter. McGlone Suttner Wealth Management Inc. now owns 989 shares of the Internet television network's stock worth $1,324,000 after buying an additional 14 shares in the last quarter. Finally, New England Research & Management Inc. boosted its stake in 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 worth $1,979,000 after buying an additional 1,268 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.
Netflix Stock Performance
NASDAQ:NFLX opened at $1,203.95 on Thursday. The firm has a market cap of $511.59 billion, a PE ratio of 51.30, a price-to-earnings-growth ratio of 2.05 and a beta of 1.60. Netflix, Inc. has a fifty-two week low of $677.88 and a fifty-two week 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 business has a 50 day moving average price of $1,210.04 and a 200-day moving average price of $1,145.57.
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 for the quarter, beating analysts' consensus estimates of $7.07 by $0.12. The firm had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The business's quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Equities research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.
Wall Street Analyst Weigh In
Several analysts have issued reports on the company. Zacks Research lowered Netflix from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 1st. Needham & Company LLC reaffirmed a "buy" rating and issued a $1,500.00 target price on shares of Netflix in a research note on Wednesday, September 10th. Sanford C. Bernstein upped their target price on Netflix from $1,200.00 to $1,390.00 and gave the stock an "outperform" rating in a research note on Thursday, July 17th. Wall Street Zen raised Netflix from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. Finally, Jefferies Financial Group reaffirmed a "buy" rating on shares of Netflix in a research note on Thursday, September 11th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $1,328.87.
Read Our Latest Stock Report on NFLX
Insiders Place Their Bets
In related news, CFO Spencer Adam Neumann sold 2,601 shares of the company's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $1,162.40, for a total transaction of $3,023,402.40. Following the completion of the transaction, the chief financial officer owned 3,691 shares in the company, valued at $4,290,418.40. This represents a 41.34% decrease in their ownership of the stock. 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 that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the transaction, the chief executive officer owned 12,781 shares of the company's stock, valued at approximately $14,793,240.64. This represents a 13.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 88,728 shares of company stock worth $108,700,648 in the last ninety days. Insiders own 1.37% of the company's stock.
About Netflix
(
Free Report)
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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Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLX - Free Report).
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