True North Advisors LLC Acquires 373 Shares of Netflix, Inc. $NFLX

Key Points

• True North Advisors LLC significantly increased its stake in Netflix by 155.4%, owning 613 shares valued at approximately $821,000.
• Netflix's latest earnings report showed $7.19 EPS, exceeding analysts' expectations of $7.07, alongside a 24.58% net margin.
• Investor sentiment is positive, with Netflix receiving multiple buy ratings from analysts, reflecting strong market confidence, despite a mixed review from UBS Group.

True North Advisors LLC lifted its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 155.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 613 shares of the Internet television network's stock after purchasing an additional 373 shares during the quarter. True North Advisors LLC's holdings in Netflix were worth $821,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Halbert Hargrove Global Advisors LLC grew its stake in Netflix by 100.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after purchasing an additional 13 shares in the last quarter. Maseco LLP bought a new position in Netflix in the second quarter valued at approximately $39,000. Ransom Advisory Ltd acquired a new position in Netflix during the second quarter worth $47,000. Flaharty Asset Management LLC acquired a new position in Netflix during the first quarter worth $37,000. Finally, Copia Wealth Management acquired a new position in Netflix during the fourth quarter worth $37,000. Institutional investors own 80.93% of the company's stock.

Analyst Ratings Changes

NFLX has been the topic of a number of recent analyst reports. Jefferies Financial Group restated a "buy" rating on shares of Netflix in a report on Thursday, September 11th. Rosenblatt Securities boosted their target price on shares of Netflix from $1,514.00 to $1,515.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Bank of America boosted their target price on shares of Netflix from $1,175.00 to $1,490.00 and gave the stock a "buy" rating in a report on Friday, May 30th. UBS Group reaffirmed a "market underperform" rating on shares of Netflix in a research report on Saturday, July 19th. Finally, BMO Capital Markets reaffirmed an "outperform" rating and issued a $1,425.00 price objective (up from $1,200.00) on shares of Netflix in a research report on Tuesday, July 15th. 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's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $1,328.87.

Netflix Stock Up 0.4%

Shares of NFLX opened at $1,208.24 on Friday. Netflix, Inc. has a 52 week low of $677.88 and a 52 week high of $1,341.15. The firm has a market cap of $513.42 billion, a P/E ratio of 51.48, a price-to-earnings-growth ratio of 2.03 and a beta of 1.60. The firm's 50-day simple moving average is $1,208.72 and its 200 day simple moving average is $1,147.93. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 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 business had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same quarter in the prior year, the business earned $4.88 EPS. Netflix's quarterly revenue was up 15.9% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Buying and Selling at Netflix

In related news, CFO Spencer Adam Neumann sold 2,601 shares of the company's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $1,162.40, for a total value 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 represents a 41.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Gregory K. Peters sold 2,026 shares of the company's stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 12,781 shares in the company, valued at $14,793,240.64. This trade represents a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 88,728 shares of company stock valued at $108,700,648. 1.37% of the stock is currently owned by insiders.

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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