Ashton Thomas Securities LLC Grows Stock Position in Netflix, Inc. $NFLX

Ashton Thomas Securities LLC boosted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 3.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,534 shares of the Internet television network’s stock after buying an additional 164 shares during the period. Netflix accounts for approximately 1.5% of Ashton Thomas Securities LLC’s holdings, making the stock its 15th largest holding. Ashton Thomas Securities LLC’s holdings in Netflix were worth $6,072,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Halbert Hargrove Global Advisors LLC increased its position in Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock worth $25,000 after purchasing an additional 13 shares during the last quarter. Flaharty Asset Management LLC acquired a new stake in shares of Netflix during the 1st quarter worth $37,000. Maseco LLP purchased a new position in shares of Netflix in the 2nd quarter worth $39,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Netflix in the 1st quarter worth $42,000. Finally, 1248 Management LLC acquired a new position in Netflix in the first quarter valued at $43,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Trading Down 0.7%

NFLX opened at $1,162.53 on Friday. Netflix, Inc. has a 12-month low of $677.88 and a 12-month high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. The stock has a market capitalization of $493.99 billion, a PE ratio of 49.53, a P/E/G ratio of 1.97 and a beta of 1.59. The firm’s fifty day moving average price is $1,207.90 and its 200 day moving average price is $1,157.42.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping the consensus estimate of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter in the previous year, the firm earned $4.88 EPS. The company’s 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. As a group, research analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling

In other Netflix news, insider David A. Hyman sold 424 shares of Netflix stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total value of $491,276.08. Following the completion of the transaction, the insider owned 31,610 shares of the company’s stock, valued at $36,625,558.70. The trade was a 1.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Gregory K. Peters sold 2,026 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the sale, the chief executive officer directly 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. In the last quarter, insiders have sold 104,100 shares of company stock worth $122,710,980. 1.37% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have commented on NFLX shares. Sanford C. Bernstein upped their price target on Netflix from $1,200.00 to $1,390.00 and gave the stock an “outperform” rating in a research note on Thursday, July 17th. Morgan Stanley reissued an “equal weight” rating on shares of Netflix in a research report on Monday, July 21st. TD Cowen raised their price target on shares of Netflix from $1,440.00 to $1,450.00 and gave the company a “buy” rating in a report on Friday, July 18th. Seaport Res Ptn downgraded shares of Netflix from a “strong-buy” rating to a “hold” rating in a research note on Sunday, July 6th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Netflix from $1,230.00 to $1,300.00 and gave the stock a “neutral” rating in a research report on Friday, July 18th. 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,334.03.

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.