Mainstay Capital Management LLC ADV Has $3.37 Million Holdings in Netflix, Inc. $NFLX

Mainstay Capital Management LLC ADV lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 102.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,518 shares of the Internet television network's stock after buying an additional 1,274 shares during the quarter. Mainstay Capital Management LLC ADV's holdings in Netflix were worth $3,372,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of NFLX. Halbert Hargrove Global Advisors LLC boosted its holdings in shares of Netflix by 100.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after buying an additional 13 shares in the last quarter. Flaharty Asset Management LLC bought a new stake in Netflix in the first quarter valued at $37,000. Maseco LLP bought a new stake in Netflix in the second quarter valued at $39,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Netflix during the first quarter valued at about $42,000. Finally, 1248 Management LLC bought a new position in shares of Netflix during the 1st quarter worth about $43,000. Institutional investors own 80.93% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Zacks Research downgraded Netflix from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 1st. UBS Group set a $1,425.00 target price on Netflix in a research report on Tuesday. Cowen reissued a "buy" rating on shares of Netflix in a research report on Tuesday. Seaport Res Ptn upgraded shares of Netflix from a "hold" rating to a "strong-buy" rating in a report on Monday. Finally, BMO Capital Markets reissued an "outperform" rating and set a $1,425.00 target price (up from $1,200.00) on shares of Netflix in a research report on Tuesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $1,337.63.

Insider Transactions at Netflix

In other news, CEO Theodore A. Sarandos sold 2,026 shares of the stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the transaction, the chief executive officer owned 15,168 shares of the company's stock, valued at $17,604,284.16. This represents a 11.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of the firm's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $1,162.40, for a total value of $3,023,402.40. Following the sale, the chief financial officer owned 3,691 shares in the company, valued at $4,290,418.40. The trade was a 41.34% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 104,100 shares of company stock worth $122,710,980. 1.37% of the stock is owned by corporate insiders.

Netflix Price Performance

Netflix stock opened at $1,214.25 on Thursday. The business's 50 day simple moving average is $1,208.18 and its 200 day simple moving average is $1,163.77. Netflix, Inc. has a 12 month low of $677.88 and a 12 month high of $1,341.15. The company has a market cap of $515.97 billion, a price-to-earnings ratio of 51.74, a PEG ratio of 2.00 and a beta of 1.59. 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 announced its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating analysts' consensus estimates of $7.07 by $0.12. The company had revenue of $11.08 billion for the quarter, compared to analysts' expectations of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. Netflix's revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the company posted $4.88 EPS. 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

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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