Fulton Breakefield Broenniman LLC Boosts Holdings in Netflix, Inc. $NFLX

Fulton Breakefield Broenniman LLC increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.0% in the second quarter, HoldingsChannel.com reports. The firm owned 16,306 shares of the Internet television network’s stock after buying an additional 159 shares during the period. Netflix accounts for approximately 1.5% of Fulton Breakefield Broenniman LLC’s portfolio, making the stock its 20th largest holding. Fulton Breakefield Broenniman LLC’s holdings in Netflix were worth $21,836,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Halbert Hargrove Global Advisors LLC lifted its holdings in Netflix by 100.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock worth $25,000 after buying an additional 13 shares in the last quarter. Flaharty Asset Management LLC acquired a new stake in shares of Netflix in the 1st quarter valued at $37,000. Maseco LLP purchased a new position in shares of Netflix in the 2nd quarter valued at $39,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Netflix in the 1st quarter valued at $42,000. Finally, 1248 Management LLC purchased a new position in shares of Netflix in the 1st quarter valued at $43,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Activity at Netflix

In other news, CFO Spencer Adam Neumann sold 2,601 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer owned 3,691 shares of the company’s stock, valued at $4,290,418.40. The trade was a 41.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider David A. Hyman sold 424 shares of the business’s stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the completion of the transaction, the insider directly owned 31,610 shares of the company’s stock, valued at approximately $36,625,558.70. This represents a 1.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,100 shares of company stock valued at $122,710,980 in the last quarter. 1.37% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

NFLX has been the topic of several research reports. TD Cowen lowered their price objective on shares of Netflix from $1,450.00 to $1,425.00 and set a “buy” rating on the stock in a research report on Tuesday. Cowen reissued a “buy” rating on shares of Netflix in a research report on Tuesday. Rosenblatt Securities raised 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 report on Friday, July 18th. Piper Sandler raised their price objective on shares of Netflix from $1,400.00 to $1,500.00 and gave the stock an “overweight” rating in a research report on Friday, July 18th. Finally, Seaport Res Ptn raised shares of Netflix from a “hold” rating to a “strong-buy” rating in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,337.63.

Netflix Stock Up 1.9%

Shares of NASDAQ NFLX opened at $1,214.25 on Thursday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $515.97 billion, a price-to-earnings ratio of 51.74, a price-to-earnings-growth ratio of 2.00 and a beta of 1.59. The firm has a 50-day moving average price of $1,208.18 and a 200 day moving average price of $1,163.77. Netflix, Inc. has a 52 week low of $677.88 and a 52 week high of $1,341.15.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 24.58% and a return on equity of 42.50%. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $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 anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

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.