Roundview Capital LLC Increases Position in Netflix, Inc. $NFLX

Key Points

• Roundview Capital LLC increased its stake in Netflix by 7.6% during the second quarter, bringing its total holdings to 6,199 shares valued at approximately $8.3 million.
• In total, 80.93% of Netflix's stock is owned by hedge funds and institutional investors, with several firms recently increasing their positions.
• Netflix reported a net margin of 24.58% and earnings per share (EPS) of $7.19, surpassing expectations and indicating a 15.9% revenue growth compared to the previous year.

Roundview Capital LLC increased its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 7.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,199 shares of the Internet television network's stock after acquiring an additional 437 shares during the period. Roundview Capital LLC's holdings in Netflix were worth $8,301,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NFLX. Halbert Hargrove Global Advisors LLC grew its position in Netflix by 100.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after acquiring an additional 13 shares in the last quarter. Flaharty Asset Management LLC purchased a new position in Netflix in the first quarter worth $37,000. Maseco LLP purchased a new position in Netflix in the second quarter worth $39,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in Netflix during the first quarter valued at about $42,000. Finally, 1248 Management LLC purchased a new stake in Netflix during the first quarter valued at about $43,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider David A. Hyman sold 424 shares of the 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 completion of the transaction, the insider directly owned 31,610 shares of the company's stock, valued at $36,625,558.70. This represents a 1.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Theodore A. Sarandos sold 2,026 shares of the 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 directly owned 15,168 shares of the company's stock, valued at approximately $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. In the last quarter, insiders sold 104,100 shares of company stock valued at $122,710,980. 1.37% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on NFLX. Canaccord Genuity Group restated a "buy" rating on shares of Netflix in a research report on Thursday, July 10th. Wells Fargo & Company upped their price target on shares of Netflix from $1,500.00 to $1,560.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Jefferies Financial Group restated a "buy" rating on shares of Netflix in a research report on Thursday, September 11th. UBS Group restated a "market underperform" rating on shares of Netflix in a research report on Saturday, July 19th. Finally, The Goldman Sachs Group cut their price target on shares of Netflix from $1,310.00 to $1,300.00 and set a "neutral" rating for the company in a research report on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $1,335.00.

Netflix Stock Performance

Shares of NASDAQ:NFLX opened at $1,163.31 on Tuesday. The company has a market cap of $494.33 billion, a price-to-earnings ratio of 49.57, a price-to-earnings-growth ratio of 1.94 and a beta of 1.59. The company has a 50-day moving average price of $1,207.13 and a 200-day moving average price of $1,163.23. 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, Inc. has a 12 month low of $677.88 and a 12 month high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating the consensus estimate of $7.07 by $0.12. The firm had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company's quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $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, equities analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

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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