Ellsworth Advisors LLC Grows Position in Netflix, Inc. $NFLX

Key Points

• Ellsworth Advisors LLC increased its holdings in Netflix, Inc. by 28.2%, bringing its total ownership to 1,065 shares valued at approximately $993,000.
• The stock's recent trading price stands at $1,247.71, with a 12-month price range between $660.80 and $1,341.15.
• Netflix reported a Q2 EPS of $7.19, surpassing estimates, with revenue increasing by 15.9% compared to the previous year.

Ellsworth Advisors LLC increased its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 28.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,065 shares of the Internet television network's stock after purchasing an additional 234 shares during the period. Ellsworth Advisors LLC's holdings in Netflix were worth $993,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Resurgent Financial Advisors LLC grew its stake in shares of Netflix by 234.4% in the first quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network's stock worth $942,000 after acquiring an additional 708 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Netflix by 42.1% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 441,861 shares of the Internet television network's stock worth $412,059,000 after purchasing an additional 130,946 shares during the last quarter. PharVision Advisers LLC bought a new stake in Netflix in the 4th quarter worth approximately $873,000. New England Research & Management Inc. grew its position in Netflix by 148.5% in the 1st quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network's stock worth $1,979,000 after purchasing an additional 1,268 shares during the period. Finally, Westbourne Investments Inc. raised its stake in Netflix by 107.9% during the 1st quarter. Westbourne Investments Inc. now owns 2,408 shares of the Internet television network's stock valued at $2,246,000 after buying an additional 1,250 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Stock Performance

Shares of NFLX stock traded down $15.06 during trading hours on Friday, reaching $1,188.44. 3,778,934 shares of the company traded hands, compared to its average volume of 2,525,736. The firm has a 50-day moving average price of $1,218.15 and a 200 day moving average price of $1,131.45. The company has a market cap of $505.00 billion, a P/E ratio of 50.64, a P/E/G ratio of 2.03 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. Netflix, Inc. has a 12-month low of $677.88 and a 12-month high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping 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 company had revenue of $11.08 billion for the quarter, compared to analysts' expectations of $11.04 billion. During the same quarter last year, the business earned $4.88 EPS. The firm'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. As a group, sell-side analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Cletus R. Willems sold 238 shares of the business's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $1,153.52, for a total value of $274,537.76. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,600 shares of the company's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $1,207.76, for a total value of $3,140,176.00. Following the completion of the transaction, the chief financial officer directly owned 3,691 shares of the company's stock, valued at approximately $4,457,842.16. This trade represents a 41.33% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 89,348 shares of company stock worth $109,498,489. 1.37% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on NFLX shares. Bank of America raised their price target on Netflix from $1,175.00 to $1,490.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Morgan Stanley reissued an "equal weight" rating on shares of Netflix in a research report on Monday, July 21st. Citigroup restated a "neutral" rating and set a $1,250.00 price target (up from $1,020.00) on shares of Netflix in a research note on Thursday, May 29th. Pivotal Research restated a "buy" rating on shares of Netflix in a research note on Thursday, July 10th. Finally, Oppenheimer raised their price objective on shares of Netflix from $1,200.00 to $1,425.00 and gave the stock an "outperform" rating in a report on Thursday, June 12th. 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 company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,317.58.

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.