Netflix, Inc. $NFLX Shares Purchased by Advisors Capital Management LLC

Key Points

• Advisors Capital Management LLC increased its stake in Netflix by 5%, now holding 9,222 shares valued at approximately $8.6 million.
• Netflix reported a quarterly EPS of $7.19, exceeding expectations, with revenue up 15.9% year-over-year at $11.08 billion.
• Insider trading revealed significant sales, with Director Reed Hastings selling 25,959 shares for over $31 million, reflecting a 98.5% decrease in his ownership.

Advisors Capital Management LLC raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 5.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,222 shares of the Internet television network's stock after buying an additional 443 shares during the period. Advisors Capital Management LLC's holdings in Netflix were worth $8,600,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Halbert Hargrove Global Advisors LLC grew its stake in shares of Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after purchasing an additional 13 shares during the last quarter. Brown Shipley& Co Ltd acquired a new position in shares of Netflix in the 4th quarter worth approximately $27,000. Flaharty Asset Management LLC acquired a new position in shares of Netflix in the 1st quarter worth approximately $37,000. Copia Wealth Management acquired a new position in shares of Netflix in the 4th quarter worth approximately $37,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Netflix in the 1st quarter worth approximately $42,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Stock Performance

NFLX stock opened at $1,203.50 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a market cap of $511.40 billion, a P/E ratio of 51.28, a P/E/G ratio of 2.10 and a beta of 1.60. The firm has a 50 day simple moving average of $1,220.29 and a 200 day simple moving average of $1,130.00. Netflix, Inc. has a 52 week low of $677.88 and a 52 week high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS 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 analysts' expectations of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm's quarterly revenue was up 15.9% compared to the same quarter last year. During the same period last year, the company posted $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

NFLX has been the topic of several recent research reports. Citigroup reaffirmed a "neutral" rating and issued a $1,250.00 price objective (up previously from $1,020.00) on shares of Netflix in a research note on Thursday, May 29th. Oppenheimer lifted their price objective on shares of Netflix from $1,200.00 to $1,425.00 and gave the stock an "outperform" rating in a research note on Thursday, June 12th. Zacks Research downgraded shares of Netflix from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 1st. UBS Group reissued a "market underperform" rating on shares of Netflix in a research report on Saturday, July 19th. Finally, Canaccord Genuity Group reissued a "buy" rating on shares of Netflix in a research report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Netflix presently has a consensus rating of "Moderate Buy" and an average price target of $1,317.58.

Insider Buying and Selling at Netflix

In other Netflix news, 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 completion of the sale, the director directly owned 394 shares in the company, valued at $475,837.74. The trade was a 98.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gregory K. Peters sold 2,026 shares of Netflix stock in a transaction that occurred on 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 completion of the sale, the chief executive officer owned 12,781 shares of the company's stock, valued at $14,793,240.64. This trade represents a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 89,348 shares of company stock valued at $109,498,489 in the last 90 days. Corporate 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.

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