Magnus Financial Group LLC lifted its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 27.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,381 shares of the Internet television network's stock after acquiring an additional 515 shares during the period. Magnus Financial Group LLC's holdings in Netflix were worth $3,188,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Halbert Hargrove Global Advisors LLC raised its stake 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 valued at $25,000 after acquiring an additional 13 shares in the last quarter. Copia Wealth Management bought a new position in Netflix in the 4th quarter worth approximately $37,000. Flaharty Asset Management LLC acquired a new position in shares of Netflix during the first quarter worth approximately $37,000. Maseco LLP bought a new stake in shares of Netflix in the second quarter valued at approximately $39,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Netflix in the first quarter worth $42,000. 80.93% of the stock is owned by institutional investors.
Insider Transactions at Netflix
In other Netflix news, CEO Theodore A. Sarandos sold 2,026 shares of the company's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the sale, the chief executive officer directly owned 15,168 shares in the company, valued at $17,604,284.16. This represents a 11.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Cletus R. Willems sold 238 shares of the company's stock in a transaction on Wednesday, August 6th. The shares were 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. Over the last ninety days, insiders sold 88,728 shares of company stock valued at $108,700,648. 1.37% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on the stock. Bank of America raised their price objective on shares of Netflix from $1,175.00 to $1,490.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. KeyCorp raised their price objective on shares of Netflix from $1,070.00 to $1,390.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Wedbush restated an "outperform" rating and issued a $1,500.00 price objective (up previously from $1,400.00) on shares of Netflix in a research note on Monday, July 14th. Wall Street Zen upgraded shares of Netflix from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. Finally, The Goldman Sachs Group raised their price objective on shares of Netflix from $1,000.00 to $1,140.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 2nd. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $1,328.87.
Read Our Latest Report on NFLX
Netflix Stock Performance
NFLX opened at $1,203.95 on Thursday. The stock has a market cap of $511.59 billion, a PE ratio of 51.30, a P/E/G ratio of 2.05 and a beta of 1.60. 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, Inc. has a 1 year low of $677.88 and a 1 year high of $1,341.15. The stock's 50 day simple moving average is $1,210.04 and its 200-day simple moving average is $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 (EPS) for the quarter, beating analysts' consensus estimates of $7.07 by $0.12. The business had revenue of $11.08 billion for the quarter, compared to analysts' expectations of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.Netflix's quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the business posted $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Sell-side analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.
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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