SeaBridge Investment Advisors LLC Boosts Stake in Netflix, Inc. $NFLX

Key Points

• SeaBridge Investment Advisors LLC increased its stake in Netflix, Inc. by 5.3% during the second quarter, now holding 5,532 shares valued at $7.4 million.
• Analyst ratings for Netflix show a consensus of "Moderate Buy" with an average price target of $1,328.87, following recent upgrades from some analysts.
• CEO Theodore A. Sarandos sold over 2,000 shares of Netflix stock in early August, indicating a significant decrease in his holdings.

SeaBridge Investment Advisors LLC raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 5.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,532 shares of the Internet television network's stock after buying an additional 278 shares during the quarter. Netflix comprises about 1.4% of SeaBridge Investment Advisors LLC's holdings, making the stock its 20th largest position. SeaBridge Investment Advisors LLC's holdings in Netflix were worth $7,408,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC grew its position in Netflix by 5.0% in the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock worth $4,804,000 after acquiring 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 worth $912,000 after purchasing an additional 144 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Netflix by 0.9% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 2,063 shares of the Internet television network's stock worth $1,924,000 after purchasing an additional 19 shares in the last quarter. Park National Corp OH boosted its holdings in shares of Netflix by 27.0% in the 1st quarter. Park National Corp OH now owns 310 shares of the Internet television network's stock worth $289,000 after purchasing an additional 66 shares in the last quarter. Finally, Versant Capital Management Inc boosted its holdings in shares of Netflix by 68.1% in the 1st quarter. Versant Capital Management Inc now owns 1,116 shares of the Internet television network's stock worth $1,041,000 after purchasing an additional 452 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NFLX has been the subject of a number of research reports. Loop Capital upgraded Netflix from a "hold" rating to a "buy" rating and upped their price objective for the stock from $1,150.00 to $1,350.00 in a report on Wednesday, September 17th. Zacks Research cut Netflix from a "strong-buy" rating to a "hold" rating in a report on Monday, September 1st. Canaccord Genuity Group reiterated a "buy" rating on shares of Netflix in a report on Thursday, July 10th. Pivotal Research reiterated a "buy" rating on shares of Netflix in a report on Thursday, July 10th. Finally, Wedbush reiterated an "outperform" rating and issued a $1,500.00 price objective (up from $1,400.00) on shares of Netflix in a report on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Netflix currently has a consensus rating of "Moderate Buy" and an average price target of $1,328.87.

Netflix Trading Up 0.2%

NASDAQ NFLX opened at $1,210.61 on Friday. Netflix, Inc. has a 1-year low of $677.88 and a 1-year high of $1,341.15. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The stock has a 50-day moving average of $1,208.75 and a 200-day moving average of $1,150.10. The firm has a market cap of $514.42 billion, a PE ratio of 51.58, a price-to-earnings-growth ratio of 2.03 and a beta of 1.60.

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, 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 company had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. During the same quarter in the previous year, the company posted $4.88 EPS. Netflix's revenue for the quarter was up 15.9% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, sell-side analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Insiders Place Their Bets

In other Netflix news, CEO Theodore A. Sarandos sold 2,026 shares of the company's stock in a transaction that occurred on 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 of the company's stock, valued at $17,604,284.16. This represents a 11.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Gregory K. Peters sold 2,026 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the transaction, the chief executive officer directly owned 12,781 shares of the company's stock, valued at $14,793,240.64. The trade was a 13.68% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 88,728 shares of company stock worth $108,700,648. 1.37% of the stock is currently owned by company 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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