Silver Oak Securities Incorporated Buys 371 Shares of Netflix, Inc. $NFLX

Key Points

• Silver Oak Securities Incorporated has increased its stake in Netflix, owning 1,529 shares after a 32% increase, valued at approximately $2.05 million.
• Hedge funds and institutional investors now collectively hold around 80.93% of Netflix's stock, indicating strong institutional support.
• Netflix reported $7.19 earnings per share for the latest quarter, exceeding estimates, and achieved revenue growth of 15.9% compared to the previous year.

Silver Oak Securities Incorporated grew its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 32.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,529 shares of the Internet television network's stock after purchasing an additional 371 shares during the quarter. Silver Oak Securities Incorporated's holdings in Netflix were worth $2,048,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Resurgent Financial Advisors LLC boosted its stake in shares of Netflix by 234.4% in the 1st quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network's stock valued at $942,000 after purchasing an additional 708 shares during the last quarter. MRA Advisory Group boosted its stake in shares of Netflix by 28.4% in the 2nd quarter. MRA Advisory Group now owns 919 shares of the Internet television network's stock valued at $1,231,000 after purchasing an additional 203 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of Netflix by 42.1% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 441,861 shares of the Internet television network's stock valued at $412,059,000 after purchasing an additional 130,946 shares during the last quarter. New England Research & Management Inc. boosted its stake in shares of Netflix by 148.5% in the 1st quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network's stock valued at $1,979,000 after purchasing an additional 1,268 shares during the last quarter. Finally, Westbourne Investments Inc. boosted its stake in shares of Netflix by 107.9% in the 1st quarter. Westbourne Investments Inc. now owns 2,408 shares of the Internet television network's stock valued at $2,246,000 after purchasing an additional 1,250 shares during the last quarter. Institutional investors own 80.93% of the company's stock.

Insider Activity

In related news, Director Reed Hastings sold 25,959 shares of the firm's stock in a transaction on Tuesday, September 2nd. The shares were 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 directly owned 394 shares of the company's stock, valued at approximately $475,837.74. This trade represents a 98.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of the firm's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $1,162.40, for a total transaction of $3,023,402.40. Following the completion of the transaction, the chief financial officer directly owned 3,691 shares of the company's stock, valued at $4,290,418.40. This represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 89,348 shares of company stock valued at $109,498,489 over the last three months. Corporate insiders own 1.37% of the company's stock.

Netflix Stock Up 1.6%

Shares of NASDAQ NFLX traded up $19.19 during midday trading on Friday, reaching $1,226.97. The company's stock had a trading volume of 4,943,369 shares, compared to its average volume of 2,658,717. 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 fifty-two week low of $677.88 and a fifty-two week high of $1,341.15. The stock has a market capitalization of $521.38 billion, a price-to-earnings ratio of 52.28, a PEG ratio of 2.07 and a beta of 1.60. The stock has a 50 day simple moving average of $1,212.49 and a 200-day simple moving average of $1,140.66.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating 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 company had revenue of $11.08 billion for 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 firm's 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. Equities research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on NFLX shares. Wedbush reiterated an "outperform" rating and issued a $1,500.00 price target (up from $1,400.00) on shares of Netflix in a research report on Monday, July 14th. Loop Capital upgraded shares of Netflix from a "hold" rating to a "buy" rating and increased their price target for the company from $1,150.00 to $1,350.00 in a research report on Wednesday. Zacks Research downgraded shares of Netflix from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 1st. Bank of America increased their price target on shares of Netflix from $1,175.00 to $1,490.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Finally, JPMorgan Chase & Co. increased their price target on shares of Netflix from $1,230.00 to $1,300.00 and gave the company a "neutral" rating in a research report on Friday, July 18th. One equities 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 assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $1,328.87.

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.