Park Edge Advisors LLC Buys 216 Shares of Netflix, Inc. $NFLX

Key Points

• Park Edge Advisors LLC increased its holdings in Netflix by 12.1% during Q2, now owning 1,998 shares valued at approximately $2.68 million.
• Insider transactions revealed that CEO Theodore A. Sarandos and CFO Spencer Adam Neumann sold significant amounts of stock, with Sarandos selling 2,026 shares and Neumann selling 2,601 shares.
• Netflix saw its quarterly earnings surpass expectations with an EPS of $7.19 and reported a 15.9% year-over-year revenue growth, amounting to $11.08 billion.

Park Edge Advisors LLC grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 12.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,998 shares of the Internet television network's stock after acquiring an additional 216 shares during the period. Netflix accounts for approximately 0.7% of Park Edge Advisors LLC's investment portfolio, making the stock its 28th biggest holding. Park Edge Advisors LLC's holdings in Netflix were worth $2,676,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Netflix by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock worth $35,433,585,000 after acquiring an additional 509,255 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Netflix by 2.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,732,066 shares of the Internet television network's stock worth $10,940,505,000 after acquiring an additional 304,399 shares during the period. GAMMA Investing LLC grew its holdings in Netflix by 109,524.3% during the 1st quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock worth $8,239,576,000 after acquiring an additional 8,827,662 shares during the period. Alliancebernstein L.P. grew its holdings in Netflix by 1.0% during the 1st quarter. Alliancebernstein L.P. now owns 5,194,939 shares of the Internet television network's stock worth $4,844,436,000 after acquiring an additional 53,611 shares during the period. Finally, Invesco Ltd. grew its holdings in Netflix by 8.3% during the 1st quarter. Invesco Ltd. now owns 4,664,818 shares of the Internet television network's stock worth $4,350,083,000 after acquiring an additional 356,617 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Netflix news, CEO Theodore A. Sarandos sold 2,026 shares of Netflix stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the completion of the transaction, the chief executive officer owned 15,168 shares in the company, valued at approximately $17,604,284.16. The trade was a 11.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $1,162.40, for a total value of $3,023,402.40. Following the transaction, the chief financial officer owned 3,691 shares of the company's stock, valued at $4,290,418.40. This trade represents a 41.34% 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 over the last 90 days. Company insiders own 1.37% of the company's stock.

Netflix Price Performance

NFLX stock opened at $1,188.44 on Friday. The company has a market capitalization of $505.00 billion, a P/E ratio of 50.64, a price-to-earnings-growth ratio of 2.03 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, Inc. has a 52-week low of $677.88 and a 52-week high of $1,341.15. The business has a 50-day simple moving average of $1,218.15 and a two-hundred day simple moving average of $1,132.43.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $11.08 billion during 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 company's quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Research analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on NFLX shares. Wall Street Zen upgraded Netflix from a "hold" rating to a "buy" rating in a report on Saturday. Wedbush reiterated an "outperform" rating and set a $1,500.00 price target (up from $1,400.00) on shares of Netflix in a report on Monday, July 14th. Robert W. Baird raised their target price 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. Wells Fargo & Company raised their target price on Netflix from $1,500.00 to $1,560.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Finally, Pivotal Research restated a "buy" rating on shares of Netflix in a research note on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $1,317.58.

Netflix Company 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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