Signaturefd LLC Has $17.45 Million Position in Netflix, Inc. $NFLX

Key Points

• Signaturefd LLC increased its stake in Netflix by 4.1% in Q2, holding 13,034 shares valued at approximately $17.45 million.
• Netflix reported $7.19 EPS for its latest quarter, exceeding analyst expectations, and noted a 15.9% year-over-year revenue growth.
• Analyst ratings for Netflix include upgrades to "buy" from various firms, with target prices ranging from $1,350.00 to $1,500.00.

Signaturefd LLC lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 4.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,034 shares of the Internet television network's stock after acquiring an additional 512 shares during the quarter. Signaturefd LLC's holdings in Netflix were worth $17,454,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in NFLX. ORG Partners LLC raised its holdings in shares of Netflix by 72.9% during the second quarter. ORG Partners LLC now owns 415 shares of the Internet television network's stock worth $537,000 after acquiring an additional 175 shares during the period. Highline Wealth Partners LLC raised its position in shares of Netflix by 4.2% in the second quarter. Highline Wealth Partners LLC now owns 762 shares of the Internet television network's stock valued at $1,020,000 after purchasing an additional 31 shares during the period. Meridian Investment Counsel Inc. bought a new position in shares of Netflix during the second quarter worth approximately $236,000. Old Port Advisors boosted its stake in shares of Netflix by 1.3% in the second quarter. Old Port Advisors now owns 624 shares of the Internet television network's stock valued at $836,000 after buying an additional 8 shares during the period. Finally, Kathmere Capital Management LLC lifted its position in Netflix by 16.2% during the second quarter. Kathmere Capital Management LLC now owns 992 shares of the Internet television network's stock worth $1,328,000 after purchasing an additional 138 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Stock Performance

Shares of NFLX stock opened at $1,210.61 on Friday. The firm's 50 day moving average is $1,208.75 and its 200 day moving average is $1,150.10. The stock has a market capitalization of $514.42 billion, a P/E ratio of 51.58, a PEG ratio of 2.03 and a beta of 1.60. Netflix, Inc. has a 12 month low of $677.88 and a 12 month 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.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping the consensus estimate of $7.07 by $0.12. The business had revenue of $11.08 billion during the quarter, compared to analysts' expectations of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm's revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the business earned $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, sell-side analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on NFLX shares. Loop Capital upgraded shares of 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 research report on Wednesday, September 17th. Wall Street Zen raised shares of Netflix from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. KeyCorp lifted their price objective on shares of Netflix from $1,070.00 to $1,390.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. JPMorgan Chase & Co. raised their target price on Netflix from $1,230.00 to $1,300.00 and gave the company a "neutral" rating in a research note on Friday, July 18th. Finally, Wedbush reaffirmed an "outperform" rating and set a $1,500.00 target price (up from $1,400.00) on shares of Netflix in a research report on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Netflix presently has a consensus rating of "Moderate Buy" and an average target price of $1,328.87.

Insider Transactions at Netflix

In other news, insider Cletus R. Willems sold 238 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $1,153.52, for a total value of $274,537.76. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Reed Hastings sold 25,959 shares of the business's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $1,207.71, for a total value of $31,350,943.89. Following the completion of the transaction, the director owned 394 shares of the company's stock, valued at $475,837.74. This represents a 98.50% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 88,728 shares of company stock worth $108,700,648. 1.37% of the stock is owned by insiders.

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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