Pallas Capital Advisors LLC Has $8.12 Million Stake in Netflix, Inc. $NFLX

Key Points

• Pallas Capital Advisors LLC increased its stake in Netflix by 83.3%, now holding 6,066 shares valued at $8.12 million.
• Netflix's latest quarterly earnings reported $7.19 EPS, exceeding estimates, with a revenue of $11.08 billion, reflecting a 15.9% annual growth.
• As of now, institutional investors hold 80.93% of Netflix's shares, showing strong confidence in the company among large investors.

Pallas Capital Advisors LLC lifted its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 83.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,066 shares of the Internet television network's stock after buying an additional 2,756 shares during the quarter. Pallas Capital Advisors LLC's holdings in Netflix were worth $8,123,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. GSG Advisors LLC grew its position in shares of Netflix by 7.6% during the 2nd quarter. GSG Advisors LLC now owns 298 shares of the Internet television network's stock worth $399,000 after buying an additional 21 shares during the period. Baron Wealth Management LLC increased its stake in Netflix by 5.2% during the 2nd quarter. Baron Wealth Management LLC now owns 1,333 shares of the Internet television network's stock valued at $1,785,000 after purchasing an additional 66 shares in the last quarter. David J Yvars Group raised its holdings in Netflix by 10.5% during the second quarter. David J Yvars Group now owns 2,856 shares of the Internet television network's stock worth $3,825,000 after buying an additional 272 shares during the last quarter. Westbourne Investments Inc. raised its holdings in Netflix by 55.3% during the second quarter. Westbourne Investments Inc. now owns 3,740 shares of the Internet television network's stock worth $5,008,000 after buying an additional 1,332 shares during the last quarter. Finally, Aaron Wealth Advisors LLC raised its holdings in Netflix by 4.6% during the second quarter. Aaron Wealth Advisors LLC now owns 2,784 shares of the Internet television network's stock worth $3,728,000 after buying an additional 122 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Trading Down 0.1%

Shares of Netflix stock opened at $1,200.51 on Wednesday. Netflix, Inc. has a 52-week low of $677.88 and a 52-week high of $1,341.15. The stock's 50-day simple moving average is $1,214.91 and its 200 day simple moving average is $1,135.62. The stock has a market capitalization of $510.13 billion, a P/E ratio of 51.15, a P/E/G ratio of 2.02 and a beta of 1.60. 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 (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts' expectations of $11.04 billion. During the same period in the previous year, the business posted $4.88 EPS. The firm'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. As a group, research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Ratings Changes

Several research firms have weighed in on NFLX. Seaport Res Ptn downgraded shares of Netflix from a "strong-buy" rating to a "hold" rating in a report on Sunday, July 6th. Morgan Stanley restated an "equal weight" rating on shares of Netflix in a report on Monday, July 21st. Citigroup restated a "neutral" rating and set a $1,250.00 price objective (up previously from $1,020.00) on shares of Netflix in a report on Thursday, May 29th. Canaccord Genuity Group restated a "buy" rating on shares of Netflix in a report on Thursday, July 10th. Finally, The Goldman Sachs Group lifted their price objective on shares of Netflix from $1,000.00 to $1,140.00 and gave the stock a "neutral" rating in a report on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,317.58.

Insiders Place Their Bets

In other Netflix news, CFO Spencer Adam Neumann sold 2,600 shares of Netflix stock in a transaction dated 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 completion of the transaction, the chief financial officer owned 3,691 shares of the company's stock, valued at $4,457,842.16. The trade was a 41.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider David A. Hyman sold 424 shares of Netflix stock in a transaction dated 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 transaction, the insider directly owned 31,610 shares of the company's stock, valued at $36,625,558.70. The trade was a 1.32% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 89,348 shares of company stock worth $109,498,489 in the last ninety days. 1.37% of the stock is owned by corporate insiders.

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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