Moloney Securities Asset Management LLC Boosts Stake in Netflix, Inc. $NFLX

Key Points

• Moloney Securities Asset Management LLC increased its Netflix stake by 146.6% in Q2, now owning 1,248 shares valued at $1,671,000.
• CEO Theodore A. Sarandos sold 2,026 shares of Netflix at an average price of $1,160.62, reducing his ownership by 11.78%.
• Netflix's earnings report showed a missed EPS estimate for the last quarter, reporting $5.87 per share against an expectation of $6.88, despite year-over-year revenue growth of 17.2%.

Moloney Securities Asset Management LLC lifted its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 146.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,248 shares of the Internet television network's stock after buying an additional 742 shares during the quarter. Moloney Securities Asset Management LLC's holdings in Netflix were worth $1,671,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of NFLX. Stephens Consulting LLC boosted its stake in shares of Netflix by 150.0% in the second quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network's stock valued at $33,000 after buying an additional 15 shares in the last quarter. Flaharty Asset Management LLC purchased a new stake in shares of Netflix in the first quarter valued at approximately $37,000. Maseco LLP purchased a new stake in shares of Netflix in the second quarter valued at approximately $39,000. LGT Financial Advisors LLC purchased a new stake in shares of Netflix in the second quarter valued at approximately $40,000. Finally, Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Netflix in the first quarter valued at approximately $42,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Netflix news, CEO Theodore A. Sarandos sold 2,026 shares of the business's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the completion of the sale, the chief executive officer owned 15,168 shares of the company's stock, valued at approximately $17,604,284.16. The trade was a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Cletus R. Willems sold 238 shares of the business's stock in a transaction dated 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. Insiders have sold 104,100 shares of company stock valued at $122,710,980 in the last 90 days. 1.37% of the stock is owned by corporate insiders.

Netflix Stock Performance

Netflix stock opened at $1,113.59 on Friday. The firm has a market capitalization of $473.19 billion, a P/E ratio of 46.52, a PEG ratio of 1.89 and a beta of 1.59. The stock has a fifty day moving average price of $1,210.10 and a 200 day moving average price of $1,183.73. Netflix, Inc. has a 52 week low of $746.25 and a 52 week high of $1,341.15. The company has a current ratio of 1.33, a quick ratio of 1.34 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $6.88 by ($1.01). Netflix had a net margin of 24.05% and a return on equity of 41.86%. The firm had revenue of $11.51 billion for the quarter, compared to analysts' expectations of $11.52 billion. During the same period last year, the firm posted $5.40 EPS. Netflix's revenue 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. Equities research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on NFLX shares. Jefferies Financial Group reaffirmed a "buy" rating and set a $1,500.00 price objective on shares of Netflix in a report on Wednesday. Wedbush cut their price target on Netflix from $1,500.00 to $1,400.00 and set an "outperform" rating for the company in a report on Wednesday. KeyCorp boosted their price target on Netflix from $1,070.00 to $1,390.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. The Goldman Sachs Group cut their price target on Netflix from $1,310.00 to $1,300.00 and set a "neutral" rating for the company in a report on Tuesday, September 30th. Finally, Citigroup reiterated a "neutral" rating and issued a $1,295.00 target price (up from $1,280.00) on shares of Netflix in a research note on Friday, October 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $1,352.78.

Netflix Profile

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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