Matrix Trust Co Has $359,000 Position in Netflix, Inc. $NFLX

Matrix Trust Co lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 13.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 268 shares of the Internet television network’s stock after buying an additional 31 shares during the period. Matrix Trust Co’s holdings in Netflix were worth $359,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Sowell Financial Services LLC boosted its position in shares of Netflix by 14.9% during the second quarter. Sowell Financial Services LLC now owns 12,023 shares of the Internet television network’s stock worth $16,100,000 after buying an additional 1,556 shares during the period. Physician Wealth Advisors Inc. boosted its position in shares of Netflix by 11.0% during the second quarter. Physician Wealth Advisors Inc. now owns 222 shares of the Internet television network’s stock worth $297,000 after buying an additional 22 shares during the period. Petredis Investment Advisors LLC boosted its position in shares of Netflix by 0.8% during the second quarter. Petredis Investment Advisors LLC now owns 8,057 shares of the Internet television network’s stock worth $10,789,000 after buying an additional 61 shares during the period. Quantum Financial Advisors LLC boosted its position in shares of Netflix by 7.9% during the second quarter. Quantum Financial Advisors LLC now owns 383 shares of the Internet television network’s stock worth $513,000 after buying an additional 28 shares during the period. Finally, Trinity Wealth Management LLC acquired a new position in shares of Netflix during the second quarter worth about $266,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Netflix

In other news, Director Reed Hastings sold 25,959 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $1,207.71, for a total transaction of $31,350,943.89. Following the transaction, the director owned 394 shares in the company, valued at approximately $475,837.74. This trade represents a 98.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of the firm’s stock in a transaction on Friday, August 1st. The stock was 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 owned 3,691 shares in the company, valued at approximately $4,290,418.40. This trade represents a 41.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 89,348 shares of company stock worth $109,498,489 in the last ninety days. 1.37% of the stock is currently owned by company insiders.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $1,226.97 on Friday. The firm has a market cap of $521.37 billion, a P/E ratio of 52.28, a price-to-earnings-growth ratio of 2.07 and a beta of 1.60. 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 1-year low of $677.88 and a 1-year high of $1,341.15. The business’s 50 day moving average is $1,212.49 and its 200-day moving average is $1,140.66.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping analysts’ consensus estimates of $7.07 by $0.12. The company had revenue of $11.08 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the company earned $4.88 earnings per share. 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

Several research analysts have recently weighed in on the company. Citigroup reaffirmed a “neutral” rating and set a $1,250.00 price objective (up from $1,020.00) on shares of Netflix in a research report on Thursday, May 29th. Oppenheimer upped their price objective on Netflix from $1,200.00 to $1,425.00 and gave the stock an “outperform” rating in a research report on Thursday, June 12th. Canaccord Genuity Group reiterated a “buy” rating on shares of Netflix in a report on Thursday, July 10th. Jefferies Financial Group reiterated a “buy” rating on shares of Netflix in a report on Thursday, September 11th. Finally, UBS Group reiterated a “market underperform” rating on shares of Netflix in a report on Saturday, July 19th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,328.87.

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.