Secure Asset Management LLC Has $814,000 Stock Position in Netflix, Inc. $NFLX

Key Points

• Secure Asset Management LLC reduced its holdings in Netflix by 35.6%, selling 336 shares and ending the quarter with 608 shares valued at approximately $814,000.
• Several institutional investors, including Resurgent Financial Advisors LLC and BNP PARIBAS ASSET MANAGEMENT, increased their stakes in Netflix, highlighting ongoing interest in the company.
• Netflix shares have seen fluctuations with a recent decline of 1.7%, while analysts maintain a consensus rating of "Moderate Buy" with a target price of about $1,328.87.

Secure Asset Management LLC lessened its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 35.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 608 shares of the Internet television network's stock after selling 336 shares during the period. Secure Asset Management LLC's holdings in Netflix were worth $814,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Netflix by 1.4% during the first quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock worth $35,433,585,000 after purchasing an additional 509,255 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Netflix by 2.7% during the first 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 purchasing an additional 304,399 shares during the period. GAMMA Investing LLC lifted its stake in Netflix by 109,524.3% during the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock worth $8,239,576,000 after purchasing an additional 8,827,662 shares during the period. Alliancebernstein L.P. lifted its stake in Netflix by 1.0% during the first quarter. Alliancebernstein L.P. now owns 5,194,939 shares of the Internet television network's stock worth $4,844,436,000 after purchasing an additional 53,611 shares during the period. Finally, Invesco Ltd. lifted its stake in Netflix by 8.3% during the first quarter. Invesco Ltd. now owns 4,664,818 shares of the Internet television network's stock worth $4,350,083,000 after purchasing an additional 356,617 shares during the period. Institutional investors own 80.93% of the company's stock.

Insider Activity

In other Netflix news, insider Cletus R. Willems sold 238 shares of Netflix stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total transaction of $274,537.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David A. Hyman sold 424 shares of Netflix stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the sale, 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 89,348 shares of company stock worth $109,498,489. Corporate insiders own 1.37% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on NFLX shares. Rosenblatt Securities raised their price target on shares of Netflix from $1,514.00 to $1,515.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Jefferies Financial Group restated a "buy" rating on shares of Netflix in a research note on Thursday, September 11th. Phillip Securities cut shares of Netflix from a "hold" rating to a "strong sell" rating in a research note on Monday, July 21st. Needham & Company LLC restated a "buy" rating and set a $1,500.00 price target on shares of Netflix in a research note on Wednesday, September 10th. Finally, Morgan Stanley reiterated an "equal weight" rating on shares of Netflix in a research note on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,328.87.

Netflix Price Performance

Shares of Netflix stock traded up $0.40 during midday trading on Monday, reaching $1,227.37. The company had a trading volume of 2,543,834 shares, compared to its average volume of 2,749,690. The stock has a fifty day simple moving average of $1,211.80 and a 200 day simple moving average of $1,144.65. 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 1-year low of $677.88 and a 1-year high of $1,341.15. The company has a market capitalization of $521.55 billion, a price-to-earnings ratio of 52.30, a price-to-earnings-growth ratio of 2.07 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 EPS for the quarter, topping analysts' consensus estimates of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm 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 business earned $4.88 EPS. The business's quarterly revenue 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. As a group, equities research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

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.