Netflix, Inc. $NFLX Shares Acquired by MYDA Advisors LLC

Key Points

• MYDA Advisors LLC increased its holdings in Netflix by 14.3%, now owning 10,900 shares worth approximately $10.17 million, making Netflix its 7th largest position.
• Insiders at Netflix sold over 123,000 shares worth nearly $151.9 million in the last ninety days, with CFO Spencer Neumann reducing his stake by 15.65% after selling shares valued at approximately $795,428.
• Netflix's stock has seen price fluctuations, with a 1-year low of $660.80 and a 1-year high of $1,341.15, while maintaining an average target price of $1,297.66 according to analysts.

MYDA Advisors LLC raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 14.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,900 shares of the Internet television network's stock after purchasing an additional 1,361 shares during the period. Netflix accounts for 1.8% of MYDA Advisors LLC's portfolio, making the stock its 7th largest position. MYDA Advisors LLC's holdings in Netflix were worth $10,165,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Halbert Hargrove Global Advisors LLC increased its position in shares of Netflix by 100.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after acquiring an additional 13 shares in the last quarter. Brown Shipley& Co Ltd acquired a new stake in Netflix during the 4th quarter valued at $27,000. Copia Wealth Management acquired a new stake in Netflix during the 4th quarter valued at $37,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Netflix during the 1st quarter valued at $42,000. Finally, Stuart Chaussee & Associates Inc. grew its holdings in Netflix by 4,500.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock valued at $41,000 after purchasing an additional 45 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Buying and Selling

In other Netflix news, CEO Gregory K. Peters sold 2,026 shares of the stock in a transaction dated 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 sale, the chief executive officer owned 12,781 shares of the company's stock, valued at $14,793,240.64. This represents a 13.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jay C. Hoag sold 31,750 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $1,252.35, for a total transaction of $39,762,112.50. Following the transaction, the director owned 63,040 shares in the company, valued at approximately $78,948,144. The trade was a 33.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 123,163 shares of company stock worth $151,917,174. Insiders own 1.37% of the company's stock.

Netflix Price Performance

Shares of NASDAQ NFLX traded down $23.20 during midday trading on Friday, reaching $1,208.25. The company's stock had a trading volume of 3,206,585 shares, compared to its average volume of 2,730,890. The company has a 50 day moving average price of $1,231.11 and a 200 day moving average price of $1,118.03. The company has a market cap of $513.42 billion, a price-to-earnings ratio of 51.48, a price-to-earnings-growth ratio of 2.03 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, Inc. has a one year low of $660.80 and a one year high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data 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. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same period in the previous year, the firm posted $4.88 earnings per share. The firm's revenue was up 15.9% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, equities research analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Wolfe Research set a $1,340.00 price target on shares of Netflix and gave the stock an "outperform" rating in a research report on Friday, May 16th. The Goldman Sachs Group raised their price target on shares of Netflix from $1,000.00 to $1,140.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 2nd. Wedbush restated an "outperform" rating and issued a $1,500.00 price target (up from $1,400.00) on shares of Netflix in a research report on Monday, July 14th. JPMorgan Chase & Co. raised their price target on shares of Netflix from $1,230.00 to $1,300.00 and gave the stock a "neutral" rating in a research report on Friday, July 18th. Finally, Evercore ISI restated an "outperform" rating on shares of Netflix in a research report on Thursday, May 15th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $1,297.66.

Netflix Company 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.