Optimum Investment Advisors Lowers Stake in Netflix, Inc. $NFLX

Optimum Investment Advisors lowered its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 5.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 876 shares of the Internet television network’s stock after selling 50 shares during the quarter. Optimum Investment Advisors’ holdings in Netflix were worth $1,173,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in NFLX. Brighton Jones LLC lifted its holdings in Netflix by 5.0% during the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock valued at $4,804,000 after purchasing an additional 257 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in Netflix by 16.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock valued at $912,000 after purchasing an additional 144 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Netflix by 17.6% during the first quarter. GAMMA Investing LLC now owns 9,475 shares of the Internet television network’s stock valued at $8,836,000 after purchasing an additional 1,415 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its holdings in Netflix by 6.2% during the first quarter. Creative Financial Designs Inc. ADV now owns 465 shares of the Internet television network’s stock valued at $434,000 after purchasing an additional 27 shares in the last quarter. Finally, Trust Co. of Vermont lifted its holdings in shares of Netflix by 6.0% in the first quarter. Trust Co. of Vermont now owns 604 shares of the Internet television network’s stock worth $563,000 after buying an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Price Performance

Netflix stock opened at $1,094.69 on Friday. The company has a market cap of $463.85 billion, a price-to-earnings ratio of 45.73, a PEG ratio of 1.89 and a beta of 1.59. The firm’s fifty day moving average is $1,207.21 and its 200 day moving average is $1,187.47. The company has a quick ratio of 1.34, a current ratio of 1.33 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 52-week low of $747.77 and a 52-week high of $1,341.15.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.88 by ($1.01). The business had revenue of $11.51 billion for the quarter, compared to analysts’ expectations of $11.52 billion. Netflix had a net margin of 24.05% and a return on equity of 41.86%. Netflix’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same period in the previous year, the company earned $5.40 EPS. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. Sell-side analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Activity at Netflix

In other Netflix news, CFO Spencer Adam Neumann sold 2,600 shares of the business’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $1,172.51, for a total transaction of $3,048,526.00. Following the transaction, the chief financial officer owned 3,691 shares in the company, valued at $4,327,734.41. The trade was a 41.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Cletus R. Willems sold 238 shares of the business’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total transaction of $274,537.76. The disclosure for this sale can be found here. Insiders have sold 104,100 shares of company stock valued at $122,710,980 over the last quarter. 1.37% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently commented on NFLX. Jefferies Financial Group reissued a “buy” rating and issued a $1,500.00 target price on shares of Netflix in a report on Wednesday. Zacks Research downgraded shares of Netflix from a “strong-buy” rating to a “hold” rating in a report on Monday, September 1st. Barclays reissued a “sell” rating and issued a $1,100.00 target price (up previously from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. Wall Street Zen downgraded shares of Netflix from a “buy” rating to a “hold” rating in a report on Saturday, October 4th. Finally, Morgan Stanley set a $1,500.00 target price on shares of Netflix in a report on Monday, October 13th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Netflix has an average rating of “Moderate Buy” and an average target price of $1,352.78.

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.