Insight Advisors LLC PA Raises Holdings in Netflix, Inc. $NFLX

Key Points

• Insight Advisors LLC PA increased its holdings in Netflix, Inc. by 72.3% during the second quarter, owning a total of 2,723 shares worth approximately $3.65 million.
• Over 80% of Netflix's stock is held by institutional investors, with several firms adjusting their holdings, including Strategic Blueprint LLC, which raised its stake by 5.6%.
• Netflix's stock has faced mixed analyst ratings, with Barclays reiterating a "sell" rating while others adjusted target prices, varying widely from $1,100 to $1,500.

Insight Advisors LLC PA raised its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 72.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,723 shares of the Internet television network's stock after purchasing an additional 1,143 shares during the period. Netflix comprises 0.6% of Insight Advisors LLC PA's investment portfolio, making the stock its 27th biggest position. Insight Advisors LLC PA's holdings in Netflix were worth $3,646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Strategic Blueprint LLC lifted its stake in Netflix by 5.6% in the second quarter. Strategic Blueprint LLC now owns 3,857 shares of the Internet television network's stock worth $5,165,000 after acquiring an additional 203 shares during the last quarter. Principle Wealth Partners LLC raised its holdings in shares of Netflix by 0.5% in the 2nd quarter. Principle Wealth Partners LLC now owns 3,855 shares of the Internet television network's stock valued at $5,163,000 after purchasing an additional 21 shares in the last quarter. Sonata Capital Group Inc. acquired a new stake in shares of Netflix in the 2nd quarter valued at $502,000. LifeWealth Investments LLC lifted its position in shares of Netflix by 15.3% during the 2nd quarter. LifeWealth Investments LLC now owns 1,121 shares of the Internet television network's stock worth $1,501,000 after purchasing an additional 149 shares during the last quarter. Finally, RNC Capital Management LLC grew its stake in shares of Netflix by 14.5% during the second quarter. RNC Capital Management LLC now owns 441 shares of the Internet television network's stock worth $591,000 after purchasing an additional 56 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Spencer Adam Neumann sold 2,601 shares of the business'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 value of $3,023,402.40. Following the transaction, the chief financial officer owned 3,691 shares of the company's stock, valued at approximately $4,290,418.40. The trade was a 41.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Gregory K. Peters sold 2,026 shares of Netflix stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the completion of the transaction, the chief executive officer owned 12,781 shares in the company, valued at approximately $14,793,240.64. This trade represents a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 104,100 shares of company stock valued at $122,710,980. Insiders own 1.37% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on NFLX shares. Barclays reissued a "sell" rating and issued a $1,100.00 target price (up previously from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. Wedbush dropped their price objective on Netflix from $1,500.00 to $1,400.00 and set an "outperform" rating on the stock in a report on Wednesday. Pivotal Research reissued a "buy" rating on shares of Netflix in a research report on Thursday, July 10th. Piper Sandler restated an "overweight" rating and set a $1,400.00 target price (down previously from $1,500.00) on shares of Netflix in a research note on Wednesday. Finally, Robert W. Baird upped their price target on Netflix from $1,300.00 to $1,500.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Netflix presently has an average rating of "Moderate Buy" and an average price target of $1,341.22.

Netflix Stock Performance

Shares of NFLX opened at $1,116.37 on Thursday. The company's 50 day simple moving average is $1,212.43 and its 200-day simple moving average is $1,182.04. The firm has a market cap of $474.38 billion, a PE ratio of 46.63, a price-to-earnings-growth ratio of 2.09 and a beta of 1.59. Netflix, Inc. has a 12-month low of $744.26 and a 12-month high of $1,341.15. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings results on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share for the quarter, missing analysts' consensus estimates of $6.88 by ($1.01). Netflix had a return on equity of 42.45% and a net margin of 24.05%.The business had revenue of $11.51 billion for the quarter, compared to analyst estimates of $11.52 billion. During the same quarter in the prior year, the company earned $5.40 EPS. The firm's revenue for the quarter was up 17.2% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. As a group, equities analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

About Netflix

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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