Netflix, Inc. $NFLX Stock Position Increased by RB Capital Management LLC

Key Points

• RB Capital Management LLC increased its stake in Netflix by 15.6%, acquiring a total of 2,345 shares valued at approximately $3.14 million.
• Various institutional investors made changes to their positions in Netflix during the second quarter, contributing to hedge funds owning about 80.93% of the stock.
• Recent analyst reports show a generally positive outlook for Netflix, with target price increases from major firms like Bank of America and JPMorgan Chase, reflecting a consensus rating of "Moderate Buy."

RB Capital Management LLC lifted its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 15.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,345 shares of the Internet television network's stock after purchasing an additional 316 shares during the period. RB Capital Management LLC's holdings in Netflix were worth $3,141,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. RDA Financial Network purchased a new position in Netflix in the second quarter valued at about $1,695,000. Lam Group Inc. bought a new stake in shares of Netflix during the 2nd quarter worth about $201,000. McLean Asset Management Corp boosted its stake in shares of Netflix by 7.2% during the 2nd quarter. McLean Asset Management Corp now owns 475 shares of the Internet television network's stock worth $611,000 after acquiring an additional 32 shares in the last quarter. Trust Co of the South bought a new stake in shares of Netflix during the 2nd quarter worth about $224,000. Finally, Jacobs & Co. CA bought a new stake in shares of Netflix during the 2nd quarter worth about $269,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NFLX has been the subject of several recent analyst reports. Pivotal Research restated a "buy" rating on shares of Netflix in a research note on Thursday, July 10th. JPMorgan Chase & Co. increased their target price on Netflix from $1,230.00 to $1,300.00 and gave the company a "neutral" rating in a research note on Friday, July 18th. Bank of America increased their target price on Netflix from $1,175.00 to $1,490.00 and gave the company a "buy" rating in a research note on Friday, May 30th. UBS Group restated a "market underperform" rating on shares of Netflix in a research note on Saturday, July 19th. Finally, Oppenheimer increased their target price on Netflix from $1,200.00 to $1,425.00 and gave the company an "outperform" rating in a research note on Thursday, June 12th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $1,317.58.

Insider Buying and Selling at Netflix

In related news, CFO Spencer Adam Neumann sold 2,600 shares of the firm's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $1,207.76, for a total transaction of $3,140,176.00. Following the sale, the chief financial officer 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Gregory K. Peters sold 2,026 shares of the firm's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the sale, the chief executive officer directly owned 12,781 shares in the company, valued at $14,793,240.64. The trade was a 13.68% decrease in their position. The disclosure for this sale can be found here. Insiders sold 89,348 shares of company stock worth $109,498,489 over the last 90 days. Company insiders own 1.37% of the company's stock.

Netflix Trading Down 1.3%

Shares of NFLX opened at $1,188.44 on Friday. Netflix, Inc. has a 1 year low of $677.88 and a 1 year high of $1,341.15. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The stock has a 50 day simple moving average of $1,218.15 and a 200-day simple moving average of $1,132.43. The stock has a market cap of $505.00 billion, a PE ratio of 50.64, a PEG ratio of 2.03 and a beta of 1.60.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping 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 business had revenue of $11.08 billion during the quarter, compared to analysts' expectations of $11.04 billion. During the same period in the prior year, the firm posted $4.88 EPS. Netflix's quarterly 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 EPS for the current fiscal year.

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.

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