Smith Chas P & Associates PA Cpas Has $538,000 Position in Netflix, Inc. $NFLX

Smith Chas P & Associates PA Cpas raised its holdings in Netflix, Inc. (NASDAQ:NFLX) by 11.4% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 402 shares of the Internet television network’s stock after acquiring an additional 41 shares during the quarter. Smith Chas P & Associates PA Cpas’ holdings in Netflix were worth $538,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Cyr Financial Inc. increased its stake in Netflix by 28.2% in the 2nd quarter. Cyr Financial Inc. now owns 818 shares of the Internet television network’s stock valued at $1,095,000 after buying an additional 180 shares during the last quarter. Oakworth Capital Inc. increased its stake in shares of Netflix by 80.0% during the 2nd quarter. Oakworth Capital Inc. now owns 477 shares of the Internet television network’s stock worth $639,000 after purchasing an additional 212 shares during the last quarter. Baron Silver Stevens Financial Advisors LLC acquired a new position in shares of Netflix during the 2nd quarter worth about $276,000. SWS Partners increased its stake in shares of Netflix by 3.3% during the 2nd quarter. SWS Partners now owns 1,427 shares of the Internet television network’s stock worth $1,911,000 after purchasing an additional 45 shares during the last quarter. Finally, Prepared Retirement Institute LLC acquired a new position in shares of Netflix during the 2nd quarter worth about $281,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Stock Down 0.3%

Shares of NFLX opened at $1,206.41 on Tuesday. 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 $512.63 billion, a P/E ratio of 51.40, a price-to-earnings-growth ratio of 2.04 and a beta of 1.60. The firm’s 50-day simple moving average is $1,208.21 and its 200 day simple moving average is $1,155.55. 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) last posted its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 24.58% and a return on equity of 42.50%. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.88 EPS. 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.

Analysts Set New Price Targets

Several research firms have recently weighed in on NFLX. Wall Street Zen upgraded shares of Netflix from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. KeyCorp boosted their price objective on shares of Netflix from $1,070.00 to $1,390.00 and gave the stock an “overweight” rating in a research note on Thursday, July 10th. UBS Group restated a “market underperform” rating on shares of Netflix in a research note on Saturday, July 19th. Rosenblatt Securities boosted their price objective 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. Finally, Sanford C. Bernstein upped their price target on shares of Netflix from $1,200.00 to $1,390.00 and gave the company an “outperform” rating in a research note on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Netflix has an average rating of “Moderate Buy” and a consensus price target of $1,328.87.

Insider Transactions at Netflix

In other Netflix news, CEO Gregory K. Peters sold 2,026 shares of the business’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the completion of the sale, the chief executive officer owned 12,781 shares of the company’s stock, valued at $14,793,240.64. The trade was a 13.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Spencer Adam Neumann sold 2,600 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The shares were 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 of the company’s stock, valued at $4,457,842.16. This represents a 41.33% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 59,324 shares of company stock worth $70,235,556. Company insiders own 1.37% of the company’s stock.

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.