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

Key Points

• NewEdge Advisors increased its Netflix stake by 11.3% in the second quarter, adding 63,008 shares to hold 621,731 shares worth approximately $44.4 million. Institutional investors collectively own 80.93% of Netflix.
• Analyst sentiment remains positive, with Netflix carrying a “Moderate Buy” consensus rating and an average price target of $96.65, though several firms recently lowered their targets.
• Netflix reported quarterly EPS of $0.80, slightly above estimates, while revenue rose 13.4% year over year to $12.56 billion. Shares opened at $76.03, and insiders sold $15.9 million worth of stock over the past 90 days.

NewEdge Advisors LLC boosted its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 11.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 621,731 shares of the Internet television network's stock after purchasing an additional 63,008 shares during the quarter. NewEdge Advisors LLC's holdings in Netflix were worth $44,392,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Imprint Wealth LLC purchased a new position in shares of Netflix during the third quarter worth about $25,000. Cornerstone Financial Management LLC purchased a new stake in Netflix during the 4th quarter valued at approximately $26,000. Clal Insurance Enterprises Holdings Ltd purchased a new stake in Netflix during the 2nd quarter valued at approximately $26,000. Atlas Capital Advisors Inc. acquired a new stake in Netflix during the 4th quarter worth approximately $26,000. Finally, Jessup Wealth Management Inc acquired a new stake in Netflix during the 4th quarter worth approximately $27,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. restated a "buy" rating on shares of Netflix in a research note on Thursday, August 20th. Piper Sandler reiterated an "overweight" rating and issued a $85.00 price objective (down from $115.00) on shares of Netflix in a research report on Friday, July 17th. Itau BBA Securities dropped their price objective on shares of Netflix from $151.40 to $96.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 5th. Stephens began coverage on shares of Netflix in a research report on Friday, July 17th. They set an "overweight" rating for the company. Finally, China Renaissance reduced their target price on shares of Netflix from $100.00 to $80.00 and set a "hold" rating for the company in a research note on Friday, July 17th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Netflix presently has an average rating of "Moderate Buy" and an average target price of $96.65.

Insider Activity at Netflix

In related news, insider David A. Hyman sold 5,723 shares of Netflix stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $72.85, for a total transaction of $416,920.55. Following the completion of the transaction, the insider directly owned 316,100 shares of the company's stock, valued at approximately $23,027,885. The trade was a 1.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Spencer Neumann sold 9,248 shares of the business's stock in a transaction on Monday, August 10th. The stock was sold at an average price of $75.79, for a total value of $700,905.92. Following the sale, the chief financial officer owned 73,787 shares in the company, valued at approximately $5,592,316.73. The trade was a 11.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 214,315 shares of company stock valued at $15,867,944 in the last ninety days. Company insiders own 1.24% of the company's stock.

Key Headlines Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Investor Bill Ackman’s Pershing Square reportedly exited its remaining Alphabet position and established a sizable Netflix stake. The move provides a prominent vote of confidence in Netflix’s growth prospects and advertising strategy. Bill Ackman’s Netflix investment
• Positive Sentiment: Analysts and commentators argue that the pullback creates an attractive entry point, citing Netflix’s profitability, free-cash-flow potential and long-term competitive position. Netflix buying opportunity
• Positive Sentiment: One forecast sees Netflix’s advertising business exceeding $6 billion in revenue in 2027, suggesting substantial monetization upside if ad-supported viewing and pricing continue to scale. Netflix advertising forecast
• Positive Sentiment: The global success of South African film “The Polygamist” is supporting Netflix’s pipeline of local-language content and could strengthen international engagement. The Polygamist success

Netflix Stock Down 1.0%

Netflix stock opened at $76.03 on Thursday. The stock's 50 day moving average price is $75.75 and its 200 day moving average price is $84.44. Netflix, Inc. has a 1-year low of $65.08 and a 1-year high of $126.70. The company has a market cap of $316.58 billion, a PE ratio of 23.93, a price-to-earnings-growth ratio of 1.08 and a beta of 1.53. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.14 and a quick ratio of 1.14.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, July 16th. The Internet television network reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.01. The firm had revenue of $12.56 billion during the quarter, compared to analysts' expectations of $12.58 billion. Netflix had a return on equity of 40.02% and a net margin of 28.22%.Netflix's revenue was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.72 earnings per share. On average, sell-side analysts predict that Netflix, Inc. will post 3.59 EPS for the current fiscal year.

Netflix Profile

Netflix, Inc NASDAQ: NFLX is a global entertainment company that provides subscription-based streaming access to television series, films, documentaries and other video content. Its service includes Netflix-produced and licensed programming, with offerings that may vary by market. The company also provides an advertising-supported plan in selected countries and has expanded into mobile games and other interactive entertainment.

Netflix was founded in 1997 by Reed Hastings and Marc Randolph as a DVD-by-mail rental service in the United States.

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