Netflix, Inc. $NFLX Holdings Raised by Acorn Creek Capital LLC

Acorn Creek Capital LLC boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 403 shares of the Internet television network’s stock after buying an additional 15 shares during the quarter. Acorn Creek Capital LLC’s holdings in Netflix were worth $540,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of NFLX. Halbert Hargrove Global Advisors LLC boosted 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 period. Maseco LLP bought a new stake in Netflix during the second quarter worth approximately $39,000. Ransom Advisory Ltd bought a new stake in Netflix during the second quarter worth approximately $47,000. Flaharty Asset Management LLC bought a new stake in Netflix during the first quarter worth approximately $37,000. Finally, Signature Resources Capital Management LLC boosted its position in Netflix by 740.0% during the second quarter. Signature Resources Capital Management LLC now owns 42 shares of the Internet television network’s stock worth $56,000 after purchasing an additional 37 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Piper Sandler increased their price objective on Netflix from $1,400.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Friday, July 18th. Zacks Research cut Netflix from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. 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. Robert W. Baird increased their price objective on Netflix from $1,300.00 to $1,500.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. Finally, Sanford C. Bernstein increased their price objective on Netflix from $1,200.00 to $1,390.00 and gave the company an “outperform” rating in a research report on Thursday, July 17th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Netflix has an average rating of “Moderate Buy” and an average price target of $1,337.63.

Insider Activity

In other news, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $1,162.40, for a total transaction of $3,023,402.40. Following the transaction, the chief financial officer owned 3,691 shares in the company, valued at $4,290,418.40. The trade was a 41.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider David A. Hyman sold 424 shares of Netflix stock in a transaction dated 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 transaction, the insider owned 31,610 shares in the company, valued at $36,625,558.70. This trade represents a 1.32% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 104,100 shares of company stock valued at $122,710,980. Insiders own 1.37% of the company’s stock.

Netflix Stock Performance

Netflix stock opened at $1,220.08 on Friday. 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 fifty day moving average price of $1,210.84 and a two-hundred day moving average price of $1,168.46. Netflix, Inc. has a 52-week low of $677.88 and a 52-week high of $1,341.15. The firm has a market capitalization of $518.44 billion, a P/E ratio of 51.98, a P/E/G ratio of 2.05 and a beta of 1.59.

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, beating analysts’ consensus estimates of $7.07 by $0.12. The company had revenue of $11.08 billion during 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 period last year, the company posted $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Netflix Company 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.