Sequoia Financial Advisors LLC Increases Stake in Netflix, Inc. $NFLX

Key Points

• Sequoia Financial Advisors LLC increased its stake in Netflix by 14.6% during the second quarter, now owning 16,846 shares valued at approximately $22.56 million.
• Insiders at Netflix have sold a total of 104,100 shares valued at about $122.71 million in the last 90 days, reflecting a decrease in ownership by executives.
• Analysts have mixed views on Netflix, with a consensus rating of "Moderate Buy" and a price target averaging $1,337.63, while some firms have recently upgraded their ratings on the stock.

Sequoia Financial Advisors LLC boosted its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 14.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,846 shares of the Internet television network's stock after purchasing an additional 2,150 shares during the period. Sequoia Financial Advisors LLC's holdings in Netflix were worth $22,560,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Total Clarity Wealth Management Inc. increased its stake in Netflix by 80.4% in the 2nd quarter. Total Clarity Wealth Management Inc. now owns 644 shares of the Internet television network's stock worth $862,000 after purchasing an additional 287 shares during the period. Vest Financial LLC increased its stake in shares of Netflix by 43.6% during the second quarter. Vest Financial LLC now owns 4,831 shares of the Internet television network's stock valued at $6,469,000 after buying an additional 1,466 shares during the period. Montrusco Bolton Investments Inc. increased its stake in shares of Netflix by 7.3% during the second quarter. Montrusco Bolton Investments Inc. now owns 7,186 shares of the Internet television network's stock valued at $9,623,000 after buying an additional 492 shares during the period. Pegasus Asset Management Inc. purchased a new position in shares of Netflix during the second quarter valued at approximately $299,000. Finally, Cypress Capital Group increased its stake in shares of Netflix by 61.3% during the second quarter. Cypress Capital Group now owns 2,819 shares of the Internet television network's stock valued at $3,775,000 after buying an additional 1,071 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Netflix

In related news, insider David A. Hyman sold 424 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 31,610 shares of the company's stock, valued at approximately $36,625,558.70. This represents a 1.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Theodore A. Sarandos sold 2,026 shares of the stock in a transaction that occurred on 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 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. Insiders sold 104,100 shares of company stock valued at $122,710,980 in the last 90 days. 1.37% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on NFLX shares. Seaport Res Ptn raised Netflix from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 6th. TD Cowen dropped their target price 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. Pivotal Research reissued a "buy" rating on shares of Netflix in a report on Thursday, July 10th. Rosenblatt Securities upped their price target on Netflix from $1,514.00 to $1,515.00 and gave the company a "buy" rating in a report on Friday, July 18th. Finally, Itau BBA Securities started coverage on Netflix in a report on Tuesday, October 7th. They set an "outperform" rating and a $1,514.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eight have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,337.63.

Netflix Stock Performance

Shares of NFLX opened at $1,220.08 on Monday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. The business has a 50-day simple moving average of $1,210.84 and a two-hundred day simple moving average of $1,169.80. The stock has a market cap of $518.45 billion, a price-to-earnings ratio of 51.98, a PEG ratio of 2.05 and a beta of 1.59. Netflix, Inc. has a 52 week low of $677.88 and a 52 week high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping analysts' consensus estimates of $7.07 by $0.12. The firm had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The business's quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, analysts expect 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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