Cypress Capital Group Buys 1,071 Shares of Netflix, Inc. $NFLX

Cypress Capital Group raised its stake in Netflix, Inc. (NASDAQ:NFLX) by 61.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 2,819 shares of the Internet television network’s stock after purchasing an additional 1,071 shares during the quarter. Cypress Capital Group’s holdings in Netflix were worth $3,775,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NFLX. Optima Capital LLC grew its stake in Netflix by 3.5% in the second quarter. Optima Capital LLC now owns 239 shares of the Internet television network’s stock worth $320,000 after purchasing an additional 8 shares during the period. Unified Investment Management grew its stake in Netflix by 1.7% in the second quarter. Unified Investment Management now owns 474 shares of the Internet television network’s stock worth $635,000 after purchasing an additional 8 shares during the period. Plancorp LLC grew its stake in Netflix by 0.6% in the second quarter. Plancorp LLC now owns 1,278 shares of the Internet television network’s stock worth $1,711,000 after purchasing an additional 8 shares during the period. Five Oceans Advisors grew its stake in Netflix by 1.1% in the second quarter. Five Oceans Advisors now owns 751 shares of the Internet television network’s stock worth $1,006,000 after purchasing an additional 8 shares during the period. Finally, Old Port Advisors grew its stake in Netflix by 1.3% in the second quarter. Old Port Advisors now owns 624 shares of the Internet television network’s stock worth $836,000 after purchasing an additional 8 shares during the period. Institutional investors own 80.93% of the company’s stock.

Insider Activity

In other news, insider David A. Hyman sold 424 shares of the company’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the transaction, the insider directly owned 31,610 shares of the company’s stock, valued at $36,625,558.70. This represents a 1.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of the company’s stock in a transaction 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 transaction, the chief financial officer directly owned 3,691 shares in the company, valued at approximately $4,290,418.40. The trade was a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 104,100 shares of company stock valued at $122,710,980. Corporate insiders own 1.37% of the company’s stock.

Netflix Trading Down 0.9%

Shares of NASDAQ:NFLX opened at $1,220.08 on Monday. The company has a market cap of $518.45 billion, a P/E ratio of 51.98, a PEG ratio of 2.05 and a beta of 1.59. 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, Inc. has a 1 year low of $677.88 and a 1 year high of $1,341.15. The stock’s fifty day moving average price is $1,210.84 and its 200-day moving average price is $1,169.80.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The company’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the prior 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. Sell-side analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on NFLX. Barclays reaffirmed a “sell” rating and issued a $1,100.00 price target (up from $1,000.00) on shares of Netflix in a research note on Wednesday, July 9th. Citigroup reissued a “neutral” rating and issued a $1,295.00 target price (up from $1,280.00) on shares of Netflix in a report on Friday, October 3rd. Canaccord Genuity Group reissued a “buy” rating on shares of Netflix in a report on Thursday, July 10th. Jefferies Financial Group reissued a “buy” rating on shares of Netflix in a report on Thursday, September 11th. Finally, Loop Capital raised Netflix from a “hold” rating to a “buy” rating and boosted their target price for the stock from $1,150.00 to $1,350.00 in a report on Wednesday, September 17th. Two 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 given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $1,337.63.

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.