RPg Family Wealth Advisory LLC Buys New Stake in Netflix, Inc. $NFLX

Key Points

• RPg Family Wealth Advisory LLC acquired a new stake in Netflix, with 9,222 shares valued at approximately $8.6 million, making it the firm's 10th largest holding.
• Netflix reported earnings of $7.19 per share for the last quarter, exceeding expectations, and set FY 2025 guidance at an anticipated EPS of 6.870.
• Analyst ratings for Netflix vary, with a consensus rating of "Moderate Buy" and a price target of $1,297.66, reflecting differing views on the stock's performance.

RPg Family Wealth Advisory LLC bought a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 9,222 shares of the Internet television network's stock, valued at approximately $8,600,000. Netflix makes up about 2.4% of RPg Family Wealth Advisory LLC's investment portfolio, making the stock its 10th biggest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of NFLX. Halbert Hargrove Global Advisors LLC grew its holdings in shares of Netflix by 100.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after purchasing an additional 13 shares in the last quarter. Brown Shipley& Co Ltd bought a new stake in Netflix in the fourth quarter worth $27,000. Copia Wealth Management bought a new stake in Netflix in the fourth quarter worth $37,000. Stuart Chaussee & Associates Inc. lifted its position in Netflix by 4,500.0% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after buying an additional 45 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC bought a new stake in Netflix in the first quarter worth $42,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Stock Down 0.1%

NASDAQ:NFLX opened at $1,204.65 on Friday. Netflix, Inc. has a twelve month low of $660.80 and a twelve month high of $1,341.15. The company has a market cap of $511.89 billion, a price-to-earnings ratio of 51.33, a price-to-earnings-growth ratio of 2.03 and a beta of 1.59. The stock has a fifty day simple moving average of $1,231.41 and a 200-day simple moving average of $1,110.98. 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 the consensus estimate 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 during the quarter, compared to the consensus estimate of $11.04 billion. During the same period last year, the company earned $4.88 earnings per share. The business's revenue for the quarter 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. Analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analysts Forecast Growth

NFLX has been the subject of a number of analyst reports. KeyCorp raised their price target on Netflix from $1,070.00 to $1,390.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Seaport Res Ptn downgraded Netflix from a "strong-buy" rating to a "hold" rating in a research report on Sunday, July 6th. Cfra Research upgraded Netflix to a "strong-buy" rating in a research report on Monday, April 28th. Evercore ISI restated an "outperform" rating on shares of Netflix in a research report on Thursday, May 15th. Finally, The Goldman Sachs Group raised their price target on Netflix from $1,000.00 to $1,140.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 2nd. One research 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.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,297.66.

Insider Transactions at Netflix

In related news, CFO Spencer Adam Neumann sold 685 shares of Netflix stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $1,161.21, for a total value of $795,428.85. Following the completion of the sale, the chief financial officer directly owned 3,691 shares in the company, valued at $4,286,026.11. The trade was a 15.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Theodore A. Sarandos sold 2,026 shares of Netflix 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 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 146,307 shares of company stock valued at $179,443,809 over the last three months. 1.37% of the stock is currently owned by corporate insiders.

Netflix 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.

Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.