Netflix, Inc. $NFLX Stock Holdings Lifted by Mirador Capital Partners LP

Key Points

• Mirador Capital Partners increased its Netflix stake by 54.4% in the second quarter, owning 114,290 shares valued at approximately $8.16 million. Hedge funds and other institutional investors collectively own 80.93% of Netflix.
• Analyst sentiment remains favorable, with Netflix carrying a “Moderate Buy” consensus rating and an average price target of $103.48, despite several analysts recently lowering their targets.
• Netflix insiders sold 561,575 shares worth about $46.2 million over the past 90 days, including sales by CEO Theodore Sarandos and Director Bradford Smith under pre-arranged Rule 10b5-1 plans. Separately, the company slightly exceeded quarterly EPS expectations and reported 13.4% year-over-year revenue growth.

Mirador Capital Partners LP increased its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 54.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 114,290 shares of the Internet television network's stock after acquiring an additional 40,248 shares during the quarter. Netflix accounts for about 1.0% of Mirador Capital Partners LP's holdings, making the stock its 27th largest position. Mirador Capital Partners LP's holdings in Netflix were worth $8,160,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in NFLX. Imprint Wealth LLC acquired a new stake in Netflix during the 3rd quarter valued at $25,000. Wealth Watch Advisors INC acquired a new stake in shares of Netflix in the third quarter worth $103,000. Strategic Wealth Investment Group LLC purchased a new position in shares of Netflix during the second quarter valued at $121,000. Wiser Advisor Group LLC purchased a new position in shares of Netflix during the third quarter valued at $114,000. Finally, Beaird Harris Wealth Management LLC raised its position in Netflix by 9.6% during the third quarter. Beaird Harris Wealth Management LLC now owns 114 shares of the Internet television network's stock valued at $137,000 after buying an additional 10 shares during the period. Hedge funds and other institutional investors own 80.93% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on NFLX. Barclays decreased their price objective on Netflix from $85.00 to $80.00 and set an "equal weight" rating for the company in a research report on Friday, July 17th. UBS Group dropped their target price on Netflix from $130.00 to $115.00 and set a "buy" rating on the stock in a report on Friday, July 17th. Moffett Nathanson reduced their price target on shares of Netflix from $120.00 to $115.00 and set a "buy" rating for the company in a research report on Wednesday, June 17th. Sanford C. Bernstein set a $95.00 price target on shares of Netflix and gave the stock an "outperform" rating in a report on Friday, July 17th. Finally, Oppenheimer set a $85.00 price objective on shares of Netflix and gave the company an "outperform" rating in a research report on Friday, July 17th. Four research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, seventeen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $103.48.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Theodore A. Sarandos sold 105,850 shares of the business's stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $73.03, for a total value of $7,730,225.50. Following the completion of the sale, the chief executive officer directly owned 206,266 shares of the company's stock, valued at $15,063,605.98. The trade was a 33.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Bradford L. Smith sold 35,990 shares of the stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $77.52, for a total transaction of $2,789,944.80. Following the transaction, the director owned 79,690 shares in the company, valued at approximately $6,177,568.80. This trade represents a 31.11% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 561,575 shares of company stock worth $46,185,025 in the last ninety days. Insiders own 1.24% of the company's stock.

Trending Headlines about Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix’s cloud-gaming initiative is gaining traction, with monthly players reportedly increasing 11-fold since October. Investors may view this as a potential new engagement and growth engine beyond streaming and mobile games. Can NFLX Stock Compound Its Way Higher?
• Positive Sentiment: Some analysis argues that NFLX remains undervalued after its recent decline, citing Netflix’s scale, brand, content library and competitive moat. The company’s buybacks, strong profitability and lower valuation multiple could provide additional support. Netflix Faces Tougher Streaming Competition
• Neutral Sentiment: Options commentary recommends a calendar spread for investors expecting NFLX shares to remain relatively flat. This reflects a neutral near-term outlook rather than a clear directional catalyst. Netflix Calendar Spread: A Smart Play for a Neutral Outlook
• Neutral Sentiment: CEO Theodore Sarandos sold approximately $9.7 million of shares across two transactions, while insider David Hyman sold about $417,000. The sales were conducted under pre-arranged Rule 10b5-1 plans and were made to cover tax withholding on vested equity awards, reducing their signaling value. Netflix Insider Buying and Selling
• Negative Sentiment: Wall Street is increasingly concerned about Netflix’s engagement trends and the company’s decision to release less viewing data. Lower transparency may make it more difficult for investors to gauge content performance and user momentum. Wall Street Is Worried Netflix Has an Engagement Problem
• Negative Sentiment: YouTube Premium’s planned inclusion of Peacock and NBCUniversal sports content raises the competitive threat to Netflix by combining streaming entertainment and live sports in a broader bundle. This could pressure subscriber growth, viewing time and valuation. Is YouTube Going After Netflix?

Netflix Stock Performance

Shares of NFLX stock opened at $74.20 on Thursday. Netflix, Inc. has a fifty-two week low of $65.08 and a fifty-two week high of $126.71. The stock's 50-day moving average is $75.81 and its two-hundred day moving average is $85.05. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market cap of $308.96 billion, a P/E ratio of 23.36, a PEG ratio of 0.92 and a beta of 1.52.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.01. The business had revenue of $12.56 billion during the quarter, compared to analyst estimates of $12.58 billion. Netflix had a return on equity of 40.02% and a net margin of 28.22%.The firm's revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.72 EPS. Analysts predict that Netflix, Inc. will post 3.59 earnings per share for the current fiscal year.

Netflix Company Profile

Netflix, Inc NASDAQ: NFLX is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company's primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.

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