Phillips Financial Management LLC Has $766,000 Position in Netflix, Inc. $NFLX

Key Points

• Phillips Financial Management LLC increased its stake in Netflix by 59.8%, now holding 572 shares valued at $766,000 as of the latest SEC filing.
• In its recent earnings report, Netflix missed consensus estimates with $5.87 earnings per share, while revenue reached $11.51 billion, showing a 17.2% year-over-year increase.
• As of the current analysis, Netflix has an average analyst rating of "Moderate Buy" with a consensus price target of $1,339.81.

Phillips Financial Management LLC increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 59.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 572 shares of the Internet television network's stock after buying an additional 214 shares during the quarter. Phillips Financial Management LLC's holdings in Netflix were worth $766,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in shares of Netflix by 5.0% in the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock valued at $4,804,000 after purchasing an additional 257 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of Netflix by 16.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock valued at $912,000 after purchasing an additional 144 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Netflix by 17.6% in the 1st quarter. GAMMA Investing LLC now owns 9,475 shares of the Internet television network's stock valued at $8,836,000 after purchasing an additional 1,415 shares in the last quarter. JFS Wealth Advisors LLC boosted its holdings in shares of Netflix by 6.3% in the 1st quarter. JFS Wealth Advisors LLC now owns 544 shares of the Internet television network's stock valued at $507,000 after purchasing an additional 32 shares in the last quarter. Finally, Continuum Advisory LLC boosted its holdings in shares of Netflix by 9.4% in the 1st quarter. Continuum Advisory LLC now owns 862 shares of the Internet television network's stock valued at $804,000 after purchasing an additional 74 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Stock Up 0.2%

Shares of NASDAQ:NFLX opened at $1,241.35 on Wednesday. The firm has a market cap of $527.49 billion, a P/E ratio of 52.89, a P/E/G ratio of 2.08 and a beta of 1.59. 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, Inc. has a 12-month low of $744.26 and a 12-month high of $1,341.15. The business has a fifty day simple moving average of $1,214.20 and a 200 day simple moving average of $1,182.49.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share for the quarter, missing the consensus estimate of $6.88 by ($1.01). Netflix had a return on equity of 42.50% and a net margin of 24.58%.The business had revenue of $11.51 billion during the quarter, compared to the consensus estimate of $11.52 billion. During the same period last year, the business posted $5.40 earnings per share. The business's revenue was up 17.2% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. Analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on NFLX. KeyCorp raised their price target on shares of Netflix from $1,070.00 to $1,390.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Piper Sandler raised their price target on shares of Netflix from $1,400.00 to $1,500.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Citigroup restated a "neutral" rating and issued a $1,295.00 price target (up from $1,280.00) on shares of Netflix in a research note on Friday, October 3rd. TD Cowen cut their price objective on Netflix from $1,450.00 to $1,425.00 and set a "buy" rating on the stock in a report on Tuesday, October 7th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Netflix in a report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $1,339.81.

Insiders Place Their Bets

In related news, Director Reed Hastings sold 42,176 shares of the business's stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the completion of the sale, the director directly owned 394 shares of the company's stock, valued at $461,736.48. The trade was a 99.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Theodore A. Sarandos sold 2,026 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the completion of the sale, the chief executive officer directly owned 15,168 shares of the company's stock, valued at $17,604,284.16. The trade was a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,100 shares of company stock worth $122,710,980 over the last three months. Insiders own 1.37% of the company's stock.

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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