Prepared Retirement Institute LLC Makes New Investment in Netflix, Inc. $NFLX

Prepared Retirement Institute LLC bought a new position in Netflix, Inc. (NASDAQ:NFLX) during the second quarter, Holdings Channel.com reports. The institutional investor bought 210 shares of the Internet television network’s stock, valued at approximately $281,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Wolff Wiese Magana LLC increased its stake in Netflix by 123.3% in the 2nd quarter. Wolff Wiese Magana LLC now owns 842 shares of the Internet television network’s stock worth $1,128,000 after acquiring an additional 465 shares during the last quarter. Archford Capital Strategies LLC increased its stake in Netflix by 18.1% in the 2nd quarter. Archford Capital Strategies LLC now owns 3,023 shares of the Internet television network’s stock worth $4,048,000 after acquiring an additional 464 shares during the last quarter. Covenant Asset Management LLC increased its stake in Netflix by 2,310.4% in the 2nd quarter. Covenant Asset Management LLC now owns 10,847 shares of the Internet television network’s stock worth $14,526,000 after acquiring an additional 10,397 shares during the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH increased its stake in Netflix by 13.0% in the 2nd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 765 shares of the Internet television network’s stock worth $1,024,000 after acquiring an additional 88 shares during the last quarter. Finally, Moss Adams Wealth Advisors LLC increased its stake in Netflix by 7.8% in the 2nd quarter. Moss Adams Wealth Advisors LLC now owns 1,559 shares of the Internet television network’s stock worth $2,088,000 after acquiring an additional 113 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Insider Activity at Netflix

In related news, CFO Spencer Adam Neumann sold 2,600 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $1,207.76, for a total transaction of $3,140,176.00. Following the completion of the sale, the chief financial officer directly owned 3,691 shares in the company, valued at $4,457,842.16. This represents a 41.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Theodore A. Sarandos sold 2,026 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the sale, the chief executive officer owned 15,168 shares of the company’s stock, valued at $17,604,284.16. This represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 88,728 shares of company stock worth $108,700,648 over the last three months. Corporate insiders own 1.37% of the company’s stock.

Netflix Trading Up 0.2%

Shares of NFLX stock opened at $1,210.61 on Monday. The stock has a market capitalization of $514.42 billion, a PE ratio of 51.58, a P/E/G ratio of 2.04 and a beta of 1.60. Netflix, Inc. has a 1-year low of $677.88 and a 1-year high of $1,341.15. The business has a 50-day moving average of $1,208.75 and a 200 day moving average of $1,153.53. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34.

Netflix (NASDAQ:NFLX) last issued its earnings results 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 company had revenue of $11.08 billion during the quarter, compared to analysts’ expectations of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.Netflix’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the business posted $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, sell-side analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Morgan Stanley restated an “equal weight” rating on shares of Netflix in a research note on Monday, July 21st. Wells Fargo & Company increased their price objective on Netflix from $1,500.00 to $1,560.00 and gave the company an “overweight” rating in a research report on Friday, July 18th. Needham & Company LLC reiterated a “buy” rating and set a $1,500.00 price objective on shares of Netflix in a research report on Wednesday, September 10th. BMO Capital Markets reiterated an “outperform” rating and set a $1,425.00 price objective (up from $1,200.00) on shares of Netflix in a research report on Tuesday, July 15th. Finally, Seaport Res Ptn lowered Netflix from a “strong-buy” rating to a “hold” rating in a research report on Sunday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.