Invst LLC Acquires Shares of 16,991 Netflix, Inc. $NFLX

Key Points

• Invst LLC acquired 16,991 Netflix shares worth approximately $1.21 million in the second quarter. Institutional investors collectively own 80.93% of Netflix’s outstanding stock.
• Analysts remain broadly positive, with Netflix carrying a “Moderate Buy” consensus rating and an average price target of $103.19, despite several firms recently lowering their targets.
• Netflix reported quarterly earnings of $0.80 per share, slightly exceeding estimates, while revenue rose 13.4% year over year to $12.56 billion. However, company insiders sold roughly $49.1 million of stock over the past 90 days.

Invst LLC acquired a new stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,991 shares of the Internet television network's stock, valued at approximately $1,213,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Pacific Sun Financial Corp boosted its position in Netflix by 1.6% during the 3rd quarter. Pacific Sun Financial Corp now owns 574 shares of the Internet television network's stock valued at $688,000 after buying an additional 9 shares during the period. Beaird Harris Wealth Management LLC increased its position in shares of Netflix by 9.6% in the third quarter. Beaird Harris Wealth Management LLC now owns 114 shares of the Internet television network's stock valued at $137,000 after acquiring an additional 10 shares during the period. Monograph Wealth Advisors LLC raised its stake in shares of Netflix by 1.8% during the second quarter. Monograph Wealth Advisors LLC now owns 682 shares of the Internet television network's stock valued at $913,000 after acquiring an additional 12 shares during the last quarter. Resources Management Corp CT ADV raised its stake in shares of Netflix by 2.0% during the second quarter. Resources Management Corp CT ADV now owns 829 shares of the Internet television network's stock valued at $1,110,000 after acquiring an additional 16 shares during the last quarter. Finally, Sompo Asset Management Co. Ltd. boosted its holdings in shares of Netflix by 1.4% during the second quarter. Sompo Asset Management Co. Ltd. now owns 1,500 shares of the Internet television network's stock worth $2,009,000 after purchasing an additional 20 shares during the period. Institutional investors own 80.93% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on NFLX shares. Wedbush cut their target price on Netflix from $118.00 to $105.00 and set an "outperform" rating on the stock in a research note on Friday, July 17th. Stephens assumed coverage on Netflix in a research report on Friday, July 17th. They set an "overweight" rating for the company. TD Cowen dropped their price objective on Netflix from $112.00 to $100.00 and set a "buy" rating for the company in a report on Friday, July 17th. Morgan Stanley reiterated an "overweight" rating and issued a $90.00 price objective (down from $115.00) on shares of Netflix in a research report on Tuesday, July 14th. Finally, Barclays reduced their target price on Netflix from $85.00 to $80.00 and set an "equal weight" rating on the stock in a research note on Friday, July 17th. Four research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, seventeen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $103.19.

Netflix Stock Performance

Shares of NFLX opened at $82.23 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.14 and a quick ratio of 1.14. Netflix, Inc. has a one year low of $65.08 and a one year high of $126.71. The company has a 50-day simple moving average of $74.42 and a two-hundred day simple moving average of $84.36. The firm has a market capitalization of $342.40 billion, a PE ratio of 25.88, a price-to-earnings-growth ratio of 1.00 and a beta of 1.52.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Thursday, July 16th. The Internet television network reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.01. Netflix had a return on equity of 40.02% and a net margin of 28.22%.The business had revenue of $12.56 billion for the quarter, compared to analysts' expectations of $12.58 billion. During the same period in the previous year, the firm posted $0.72 EPS. The business's revenue was up 13.4% on a year-over-year basis. On average, analysts anticipate that Netflix, Inc. will post 3.59 EPS for the current fiscal year.

Insider Activity at Netflix

In related news, CEO Gregory K. Peters sold 27,312 shares of the company's stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $73.54, for a total value of $2,008,524.48. Following the sale, the chief executive officer directly owned 120,931 shares of the company's stock, valued at $8,893,265.74. This represents a 18.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Spencer Adam Neumann sold 9,248 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $75.79, for a total value of $700,905.92. Following the completion of the transaction, the chief financial officer owned 73,787 shares of the company's stock, valued at approximately $5,592,316.73. This trade represents a 11.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 600,295 shares of company stock valued at $49,056,671 over the last ninety days. Insiders own 1.24% of the company's stock.

Key Stories Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix is reportedly exploring the ability to sell subscriptions to rival services such as Peacock and Fox One. Becoming a broader streaming-subscription hub could increase customer convenience, generate additional fees and strengthen Netflix’s position as a central entertainment platform. Netflix Stock Rises on Report It May Sell Subscriptions to Rival Streaming Services
• Positive Sentiment: Netflix’s growing NFL partnership and possible access to other streaming services could give viewers more reasons to remain within its app, supporting engagement and the company’s advertising business. Netflix Stock: NFL Growth and Rival Streaming Access Could Grow Its Ad Business
• Positive Sentiment: Investors are also focused on Netflix’s low-priced ad-supported tier, sports strategy and international expansion. Pershing Square’s increased stake has provided an additional vote of confidence in the company’s diversification and monetization plans. How Investors May Respond To Netflix Ad Tier, Sports Push, and Pershing Square’s Bigger Bet
• Neutral Sentiment: Reported short interest was listed at zero shares, making the data unreliable and offering little meaningful indication of short-covering activity.
• Neutral Sentiment: Netflix generated approximately $2.8 billion in 2025 UK revenue, surpassing ITV for the first time and highlighting its international scale. Netflix Posts $2.8B Revenues In UK To Overtake ITV For First Time
• Negative Sentiment: YouTube’s efforts to lock up prominent creators could trigger a bidding war for content, increasing Netflix’s programming costs and pressuring margins. YouTube Could Spark a Creator Bidding War That Hurts Netflix Stock
• Negative Sentiment: A leadership change in Netflix’s advertising division creates some execution uncertainty as the company works to scale its ad business. Netflix parts ways with a key ad executive

Netflix Company Profile

Netflix, Inc NASDAQ: NFLX is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company's primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source