Narus Financial Partners LLC Takes Position in Netflix, Inc. $NFLX

Key Points

• Narus Financial Partners LLC acquired a new stake in Netflix, purchasing 279 shares valued at approximately $374,000 during the second quarter.
• Institutional investors currently hold 80.93% of Netflix's stock, indicating significant interest from major financial entities.
• In related insider activity, CEO Gregory K. Peters and Director Reed Hastings both sold thousands of shares, reflecting a decrease in their respective holdings.

Narus Financial Partners LLC acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 279 shares of the Internet television network's stock, valued at approximately $374,000.

A number of other large investors have also bought and sold shares of the stock. Kieckhefer Group LLC lifted its stake in shares of Netflix by 0.9% in the second quarter. Kieckhefer Group LLC now owns 5,335 shares of the Internet television network's stock valued at $7,144,000 after buying an additional 50 shares in the last quarter. Lewis Asset Management LLC lifted its position in shares of Netflix by 187.4% during the second quarter. Lewis Asset Management LLC now owns 710 shares of the Internet television network's stock valued at $951,000 after purchasing an additional 463 shares in the last quarter. Abacus Wealth Partners LLC purchased a new stake in Netflix during the second quarter worth about $288,000. Tran Capital Management L.P. increased its holdings in Netflix by 112.0% during the second quarter. Tran Capital Management L.P. now owns 12,988 shares of the Internet television network's stock worth $17,393,000 after buying an additional 6,862 shares during the last quarter. Finally, Southland Equity Partners LLC purchased a new stake in Netflix during the second quarter worth about $237,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Zacks Research downgraded shares of Netflix from a "strong-buy" rating to a "hold" rating in a report on Monday, September 1st. Wells Fargo & Company lifted their target price on shares of Netflix from $1,500.00 to $1,560.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Canaccord Genuity Group reiterated a "buy" rating on shares of Netflix in a research report on Thursday, July 10th. UBS Group restated a "market underperform" rating on shares of Netflix in a report on Saturday, July 19th. Finally, JPMorgan Chase & Co. upped their price target on shares of Netflix from $1,230.00 to $1,300.00 and gave the company a "neutral" rating in a report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $1,328.87.

Netflix Price Performance

Shares of NFLX stock traded up $0.40 on Monday, reaching $1,227.37. The company's stock had a trading volume of 2,543,834 shares, compared to its average volume of 2,749,690. The stock's fifty day simple moving average is $1,211.80 and its 200-day simple moving average is $1,144.65. Netflix, Inc. has a 1 year low of $677.88 and a 1 year high of $1,341.15. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $521.55 billion, a price-to-earnings ratio of 52.30, a price-to-earnings-growth ratio of 2.07 and a beta of 1.60.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping the consensus estimate of $7.07 by $0.12. The business had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The business's revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period last year, the company earned $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Transactions at Netflix

In related news, insider David A. Hyman sold 424 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,158.67, for a total value of $491,276.08. Following the sale, the insider owned 31,610 shares in the company, valued at $36,625,558.70. This represents a 1.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Cletus R. Willems sold 238 shares of the stock in a transaction that occurred 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. Insiders have sold 89,348 shares of company stock valued at $109,498,489 over the last quarter. Company insiders own 1.37% of the company's stock.

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.