Netflix, Inc. $NFLX Stock Holdings Boosted by Private Capital Advisors Inc.

Key Points

• Private Capital Advisors Inc. raised its holdings in Netflix by 0.8%, making it the firm's 3rd largest position with shares valued at $36.55 million as of the last quarter.
• Netflix has seen mixed analyst ratings, with two analysts assigned a Strong Buy rating, while others have set price targets ranging from $1,100.00 to $1,514.00.
• Insider transactions show a significant amount of stock sold by key executives, including Reed Hastings, who sold over 42,000 shares, indicating potential changes in insider sentiment.

Private Capital Advisors Inc. raised its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 0.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,294 shares of the Internet television network's stock after acquiring an additional 205 shares during the quarter. Netflix makes up 4.5% of Private Capital Advisors Inc.'s investment portfolio, making the stock its 3rd largest position. Private Capital Advisors Inc.'s holdings in Netflix were worth $36,550,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Stephens Consulting LLC increased its position in shares of Netflix by 150.0% during the second quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network's stock valued at $33,000 after buying an additional 15 shares during the period. Flaharty Asset Management LLC purchased a new position in shares of Netflix during the first quarter valued at about $37,000. Maseco LLP purchased a new position in shares of Netflix during the second quarter valued at about $39,000. LGT Financial Advisors LLC purchased a new position in shares of Netflix during the second quarter valued at about $40,000. Finally, Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Netflix during the first quarter valued at about $42,000. Hedge funds and other institutional investors own 80.93% of the company's stock.

Analysts Set New Price Targets

NFLX has been the topic of several research analyst reports. KeyCorp boosted their price target on shares of Netflix from $1,070.00 to $1,390.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Barclays reiterated a "sell" rating and set a $1,100.00 price target (up previously from $1,000.00) on shares of Netflix in a research report on Wednesday, July 9th. Weiss Ratings reiterated a "buy (b)" rating on shares of Netflix in a research report on Wednesday, October 8th. Rosenblatt Securities boosted their price target on shares of Netflix from $1,514.00 to $1,515.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Finally, Phillip Securities cut shares of Netflix from a "hold" rating to a "strong sell" rating in a research report on Monday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Netflix presently has an average rating of "Moderate Buy" and an average price target of $1,339.81.

Insider Transactions at Netflix

In other news, Director Reed Hastings sold 42,176 shares of the company's stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the transaction, the director owned 394 shares in the company, valued at approximately $461,736.48. This represents a 99.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Theodore A. Sarandos sold 2,026 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the completion of the transaction, the chief executive officer owned 15,168 shares in the company, valued at approximately $17,604,284.16. This represents a 11.78% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 104,100 shares of company stock valued at $122,710,980. 1.37% of the stock is currently owned by insiders.

Netflix Price Performance

Shares of NFLX opened at $1,241.35 on Wednesday. The stock has a market cap of $527.49 billion, a PE ratio of 52.89, a price-to-earnings-growth ratio of 2.08 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. Netflix, Inc. has a fifty-two week low of $744.26 and a fifty-two week high of $1,341.15. The firm's 50-day simple moving average is $1,214.20 and its two-hundred day simple moving average is $1,182.49.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its earnings results on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.88 by ($1.01). The firm had revenue of $11.51 billion during the quarter, compared to the consensus estimate of $11.52 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The company's quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.40 EPS. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. Analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Netflix Company 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.

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