417 Shares in Netflix, Inc. $NFLX Acquired by Oliver Lagore Vanvalin Investment Group

Key Points

• Oliver Lagore Vanvalin Investment Group has taken a new position in Netflix, acquiring 417 shares valued at approximately $558,000.
• Netflix's recent earnings report showed $7.19 earnings per share (EPS), beating estimates, and a 15.9% increase in revenue year-over-year.
• Institutional investors currently own 80.93% of Netflix's stock, highlighting strong interest from hedge funds and other investment groups.

Oliver Lagore Vanvalin Investment Group acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 417 shares of the Internet television network's stock, valued at approximately $558,000.

Several other hedge funds and other institutional investors have also modified their holdings of NFLX. Resurgent Financial Advisors LLC raised its holdings in Netflix by 234.4% during the first 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 in the last quarter. MRA Advisory Group raised its holdings in Netflix by 28.4% during the second quarter. MRA Advisory Group now owns 919 shares of the Internet television network's stock valued at $1,231,000 after buying an additional 203 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in Netflix by 42.1% during the first 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 buying an additional 130,946 shares in the last quarter. New England Research & Management Inc. raised its holdings in Netflix by 148.5% during the first quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network's stock valued at $1,979,000 after buying an additional 1,268 shares in the last quarter. Finally, Westbourne Investments Inc. raised its holdings in Netflix by 107.9% during the first 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 in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Stock Performance

NFLX stock traded up $19.19 during trading on Friday, reaching $1,226.97. 4,943,369 shares of the stock were exchanged, compared to its average volume of 2,658,717. Netflix, Inc. has a twelve month low of $677.88 and a twelve month high of $1,341.15. The company has a market capitalization of $521.38 billion, a P/E ratio of 52.28, a price-to-earnings-growth ratio of 2.07 and a beta of 1.60. The stock has a 50 day simple moving average of $1,212.49 and a 200-day simple moving average of $1,139.63. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping analysts' consensus estimates of $7.07 by $0.12. The business had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm's revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period last year, the business earned $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, sell-side analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

NFLX has been the topic of several recent research reports. Rosenblatt Securities raised their target price on Netflix from $1,514.00 to $1,515.00 and gave the company a "buy" rating in a report on Friday, July 18th. Needham & Company LLC restated a "buy" rating and set a $1,500.00 target price on shares of Netflix in a report on Wednesday, September 10th. Jefferies Financial Group restated a "buy" rating on shares of Netflix in a report on Thursday, September 11th. Barclays reiterated a "sell" rating and issued a $1,100.00 price objective (up from $1,000.00) on shares of Netflix in a research note on Wednesday, July 9th. Finally, Wells Fargo & Company lifted their price objective on Netflix from $1,500.00 to $1,560.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, Netflix currently has an average rating of "Moderate Buy" and an average target price of $1,328.87.

Insider Activity at Netflix

In other Netflix news, insider Cletus R. Willems sold 238 shares of Netflix stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $1,153.52, for a total transaction of $274,537.76. The transaction was disclosed in a filing 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 shares were sold at an average price of $1,207.71, for a total value of $31,350,943.89. Following the sale, the director directly owned 394 shares in the company, valued at $475,837.74. The trade was a 98.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 89,348 shares of company stock valued at $109,498,489. Corporate insiders own 1.37% of the company's stock.

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.