Neville Rodie & Shaw Inc. Takes Position in Netflix, Inc. $NFLX

Key Points

• Neville Rodie & Shaw Inc. acquired a new stake in Netflix, Inc. during the 2nd quarter, purchasing 2,197 shares valued at approximately $2.94 million.
• Netflix reported $7.19 EPS for its latest quarter, exceeding analysts' expectations, with revenue of $11.08 billion, marking a 15.9% year-over-year increase.
• Insider trading activity was notable, with David A. Hyman and Reed Hastings selling a total of 89,348 shares in the last three months, valued at approximately $109.5 million.

Neville Rodie & Shaw Inc. bought a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 2,197 shares of the Internet television network's stock, valued at approximately $2,942,000.

Other large investors also recently made changes to their positions in the company. Resurgent Financial Advisors LLC grew its stake in shares of Netflix by 234.4% in the 1st quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network's stock valued at $942,000 after buying an additional 708 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Netflix by 42.1% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 441,861 shares of the Internet television network's stock valued at $412,059,000 after purchasing an additional 130,946 shares during the last quarter. PharVision Advisers LLC acquired a new position in Netflix during the 4th quarter valued at about $873,000. New England Research & Management Inc. boosted its stake in Netflix by 148.5% during the 1st quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network's stock valued at $1,979,000 after purchasing an additional 1,268 shares during the last quarter. Finally, Westbourne Investments Inc. boosted 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 purchasing an additional 1,250 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $1,188.44 on Friday. Netflix, Inc. has a twelve month low of $677.88 and a twelve month high of $1,341.15. The stock's 50 day moving average price is $1,218.15 and its 200-day moving average price is $1,131.45. The company has a market capitalization of $505.00 billion, a PE ratio of 50.64, a PEG ratio of 2.03 and a beta of 1.60. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58.

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 analysts' consensus estimates of $7.07 by $0.12. The company had revenue of $11.08 billion for 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%. Netflix's revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, equities analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Buying and Selling

In related news, insider David A. Hyman sold 424 shares of Netflix stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total value of $491,276.08. Following the sale, the insider owned 31,610 shares of the company's stock, valued at approximately $36,625,558.70. The trade was a 1.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Reed Hastings sold 25,959 shares of Netflix stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $1,207.71, for a total transaction 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. This trade represents a 98.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 89,348 shares of company stock worth $109,498,489 in the last three months. Insiders own 1.37% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Seaport Res Ptn downgraded Netflix from a "strong-buy" rating to a "hold" rating in a research note on Sunday, July 6th. JPMorgan Chase & Co. lifted their price target 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. Robert W. Baird lifted their price target on Netflix from $1,300.00 to $1,500.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. 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 note on Wednesday, July 9th. Finally, BMO Capital Markets restated an "outperform" rating and issued a $1,425.00 target price (up previously from $1,200.00) on shares of Netflix in a research note on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $1,317.58.

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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