Sivia Capital Partners LLC Buys 246 Shares of Netflix, Inc. $NFLX

Key Points

• Sivia Capital Partners LLC increased its stake in Netflix, Inc. by 21.2% in the second quarter, now owning 1,406 shares worth approximately $1.88 million, making it the firm's 21st largest position.
• Significant stock sales by insiders, including CEO Theodore A. Sarandos and CFO Spencer Adam Neumann, saw a total of 89,348 shares sold, valued at over $109 million in the past three months.
• Analysts have mixed opinions on Netflix, with a total of 23 buy ratings versus 3 sell ratings, and an average price target of $1,328.87.

Sivia Capital Partners LLC raised its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 21.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,406 shares of the Internet television network's stock after purchasing an additional 246 shares during the period. Netflix accounts for approximately 0.6% of Sivia Capital Partners LLC's portfolio, making the stock its 21st largest holding. Sivia Capital Partners LLC's holdings in Netflix were worth $1,883,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Sarasin & Partners LLP boosted its holdings in shares of Netflix by 436.7% in the second quarter. Sarasin & Partners LLP now owns 99,066 shares of the Internet television network's stock worth $132,662,000 after acquiring an additional 80,607 shares during the period. Gilman Hill Asset Management LLC boosted its stake in Netflix by 44.4% during the second quarter. Gilman Hill Asset Management LLC now owns 468 shares of the Internet television network's stock valued at $627,000 after buying an additional 144 shares during the period. OLIO Financial Planning bought a new stake in Netflix during the second quarter valued at $268,000. Central Valley Advisors LLC bought a new stake in Netflix during the second quarter valued at $1,848,000. Finally, DLK Investment Management LLC boosted its stake in Netflix by 6.2% during the second quarter. DLK Investment Management LLC now owns 2,344 shares of the Internet television network's stock valued at $3,139,000 after buying an additional 136 shares during the period. 80.93% of the stock is owned by institutional investors.

Netflix Trading Down 1.7%

NASDAQ:NFLX traded down $20.72 during mid-day trading on Thursday, reaching $1,207.78. 3,159,374 shares of the company's stock traded hands, compared to its average volume of 2,602,620. Netflix, Inc. has a 12-month low of $677.88 and a 12-month high of $1,341.15. The firm has a market capitalization of $513.22 billion, a price-to-earnings ratio of 51.46, a PEG ratio of 2.07 and a beta of 1.60. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. The company has a 50 day moving average price of $1,212.85 and a 200-day moving average price of $1,137.88.

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NFLX. Wedbush reissued an "outperform" rating and set a $1,500.00 price objective (up previously from $1,400.00) on shares of Netflix in a research note on Monday, July 14th. Piper Sandler raised their price target on Netflix from $1,400.00 to $1,500.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Morgan Stanley restated an "equal weight" rating on shares of Netflix in a research report on Monday, July 21st. KeyCorp raised their price target on Netflix from $1,070.00 to $1,390.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Finally, BMO Capital Markets restated an "outperform" rating and set a $1,425.00 price target (up previously from $1,200.00) on shares of Netflix in a research report on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $1,328.87.

Insiders Place Their Bets

In other Netflix news, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $1,162.40, for a total transaction of $3,023,402.40. Following the sale, the chief financial officer directly owned 3,691 shares of the company's stock, valued at approximately $4,290,418.40. The trade was a 41.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Reed Hastings sold 25,959 shares of Netflix stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $1,207.71, for a total value of $31,350,943.89. Following the sale, the director directly owned 394 shares in the company, valued at approximately $475,837.74. The trade was a 98.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 89,348 shares of company stock worth $109,498,489 in the last quarter. 1.37% of the stock is currently owned by company insiders.

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.