Trifecta Capital Advisors LLC Increases Stock Position in Netflix, Inc. $NFLX

Trifecta Capital Advisors LLC lifted its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 6,832.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,002 shares of the Internet television network's stock after purchasing an additional 6,901 shares during the quarter. Netflix comprises about 1.6% of Trifecta Capital Advisors LLC's investment portfolio, making the stock its 21st biggest position. Trifecta Capital Advisors LLC's holdings in Netflix were worth $9,377,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Brighton Jones LLC boosted its position in shares of Netflix by 5.0% during the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock valued at $4,804,000 after acquiring an additional 257 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in Netflix by 16.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock valued at $912,000 after purchasing an additional 144 shares in the last quarter. Wedge Capital Management L L P NC bought a new stake in shares of Netflix in the 1st quarter worth about $214,000. Signet Financial Management LLC increased its holdings in shares of Netflix by 2.5% in the 1st quarter. Signet Financial Management LLC now owns 485 shares of the Internet television network's stock worth $452,000 after buying an additional 12 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC increased its holdings in shares of Netflix by 11.4% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 2,148 shares of the Internet television network's stock worth $2,003,000 after buying an additional 220 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Insider Buying and Selling at Netflix

In other news, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 3,691 shares in the company, valued at approximately $4,290,418.40. This trade represents a 41.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gregory K. Peters 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 $1,157.44, for a total transaction of $2,344,973.44. Following the transaction, the chief executive officer owned 12,781 shares in the company, valued at approximately $14,793,240.64. This represents a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 104,100 shares of company stock worth $122,710,980. 1.37% of the stock is currently owned by company insiders.

Netflix Price Performance

Shares of NFLX stock opened at $1,214.25 on Thursday. Netflix, Inc. has a twelve month low of $677.88 and a twelve month high of $1,341.15. The stock has a market capitalization of $515.97 billion, a price-to-earnings ratio of 51.74, a P/E/G ratio of 2.00 and a beta of 1.59. The stock has a fifty day simple moving average of $1,208.18 and a two-hundred day simple moving average of $1,163.77. 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 released its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating the consensus estimate of $7.07 by $0.12. The firm had revenue of $11.08 billion during 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 quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the previous 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 predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Wedbush reiterated an "outperform" rating and issued a $1,500.00 price target (up previously from $1,400.00) on shares of Netflix in a research report on Monday, July 14th. Jefferies Financial Group restated a "buy" rating on shares of Netflix in a report on Thursday, September 11th. Morgan Stanley restated an "equal weight" rating on shares of Netflix in a report on Monday, July 21st. KeyCorp boosted 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 report on Thursday, July 10th. Finally, Rosenblatt Securities lifted 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. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $1,337.63.

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.

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