Smartleaf Asset Management LLC Boosts Stake in Netflix, Inc. $NFLX

Key Points

• Smartleaf Asset Management LLC increased its stake in Netflix, Inc. by 9.7% during the first quarter, bringing its total ownership to 5,066 shares valued at approximately $4.73 million.
• Several institutional investors also boosted their positions in Netflix, with Groupe la Francaise making the largest gain of 119.3% to own 82,445 shares valued at around $80.46 million.
• Analysts have raised their ratings on Netflix, with a majority now holding a "buy" rating; the consensus price target for the stock has increased to $1,297.66.

Smartleaf Asset Management LLC boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 9.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,066 shares of the Internet television network's stock after buying an additional 446 shares during the period. Smartleaf Asset Management LLC's holdings in Netflix were worth $4,731,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. lifted its holdings in Netflix by 5.1% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 51,828 shares of the Internet television network's stock worth $48,331,000 after buying an additional 2,500 shares during the period. Haverford Trust Co increased its position in shares of Netflix by 2.6% during the first quarter. Haverford Trust Co now owns 1,574 shares of the Internet television network's stock worth $1,468,000 after purchasing an additional 40 shares in the last quarter. Groupe la Francaise increased its position in shares of Netflix by 119.3% during the first quarter. Groupe la Francaise now owns 82,445 shares of the Internet television network's stock worth $80,457,000 after purchasing an additional 44,848 shares in the last quarter. Sax Wealth Advisors LLC increased its position in shares of Netflix by 4.6% during the first quarter. Sax Wealth Advisors LLC now owns 2,388 shares of the Internet television network's stock worth $2,227,000 after purchasing an additional 106 shares in the last quarter. Finally, Strategies Wealth Advisors LLC acquired a new position in shares of Netflix during the first quarter worth $444,000. Hedge funds and other institutional investors own 80.93% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Wall Street Zen raised Netflix from a "hold" rating to a "buy" rating in a research report on Friday. Pivotal Research reaffirmed a "buy" rating on shares of Netflix in a research report on Thursday, July 10th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Netflix in a research report on Tuesday, August 12th. Morgan Stanley reaffirmed an "equal weight" rating on shares of Netflix in a research report on Monday, July 21st. Finally, Citigroup reaffirmed a "neutral" rating and set a $1,250.00 price target (up from $1,020.00) on shares of Netflix in a research report on Thursday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $1,297.66.

Netflix Price Performance

NASDAQ NFLX opened at $1,204.65 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. The stock's fifty day moving average price is $1,231.41 and its 200 day moving average price is $1,110.30. Netflix, Inc. has a 1 year low of $660.80 and a 1 year high of $1,341.15. The company has a market cap of $511.89 billion, a price-to-earnings ratio of 51.33, a PEG ratio of 2.03 and a beta of 1.59.

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 (EPS) for the quarter, beating the consensus estimate of $7.07 by $0.12. The firm had revenue of $11.08 billion for the quarter, compared to the consensus estimate 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 prior year, the firm earned $4.88 EPS. 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.

Insider Activity at Netflix

In other Netflix news, CFO Spencer Adam Neumann sold 685 shares of the stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $1,161.21, for a total transaction of $795,428.85. Following the sale, the chief financial officer directly owned 3,691 shares of the company's stock, valued at approximately $4,286,026.11. This trade represents a 15.65% decrease in their position. The sale 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 the stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,158.67, for a total value of $491,276.08. Following the sale, the insider directly owned 31,610 shares in the company, valued at $36,625,558.70. This represents a 1.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 146,307 shares of company stock worth $179,443,809 in the last three months. Company insiders own 1.37% of the company's stock.

Netflix 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.