Resonant Capital Advisors LLC Purchases 428 Shares of Netflix, Inc. $NFLX

Resonant Capital Advisors LLC increased its position in Netflix, Inc. (NASDAQ:NFLX) by 19.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,622 shares of the Internet television network’s stock after acquiring an additional 428 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Netflix were worth $3,511,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of Netflix by 1.4% in the first quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network’s stock valued at $35,433,585,000 after purchasing an additional 509,255 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Netflix by 2.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,732,066 shares of the Internet television network’s stock valued at $10,940,505,000 after buying an additional 304,399 shares in the last quarter. Alliancebernstein L.P. raised its holdings in Netflix by 1.0% during the 1st quarter. Alliancebernstein L.P. now owns 5,194,939 shares of the Internet television network’s stock valued at $4,844,436,000 after acquiring an additional 53,611 shares during the period. Invesco Ltd. lifted its position in shares of Netflix by 8.3% during the first quarter. Invesco Ltd. now owns 4,664,818 shares of the Internet television network’s stock worth $4,350,083,000 after acquiring an additional 356,617 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of Netflix by 3.5% in the first quarter. Wellington Management Group LLP now owns 4,385,666 shares of the Internet television network’s stock worth $4,089,765,000 after acquiring an additional 148,675 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Gregory K. Peters sold 2,026 shares of the company’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the completion of the transaction, the chief executive officer directly owned 12,781 shares in the company, valued at approximately $14,793,240.64. This represents a 13.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David A. Hyman sold 424 shares of the firm’s 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 directly owned 31,610 shares in the company, valued at approximately $36,625,558.70. This represents a 1.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,100 shares of company stock valued at $122,710,980 in the last three months. 1.37% of the stock is owned by corporate insiders.

Netflix Stock Down 1.7%

NFLX stock opened at $1,094.69 on Friday. The company’s 50 day moving average is $1,207.21 and its 200 day moving average is $1,187.47. The stock has a market cap of $463.85 billion, a price-to-earnings ratio of 45.73, a price-to-earnings-growth ratio of 1.89 and a beta of 1.59. The company has a current ratio of 1.33, a quick ratio of 1.34 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 1-year low of $747.77 and a 1-year 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 EPS for the quarter, missing analysts’ consensus estimates of $6.88 by ($1.01). The company had revenue of $11.51 billion during the quarter, compared to analysts’ expectations of $11.52 billion. Netflix had a return on equity of 41.86% and a net margin of 24.05%.Netflix’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the prior year, the firm 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 predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Loop Capital upgraded Netflix from a “hold” rating to a “buy” rating and boosted their price objective for the company from $1,150.00 to $1,350.00 in a research note on Wednesday, September 17th. Wedbush reduced their target price on Netflix from $1,500.00 to $1,400.00 and set an “outperform” rating for the company in a report on Wednesday. Wall Street Zen downgraded shares of Netflix from a “buy” rating to a “hold” rating in a report on Saturday, October 4th. JPMorgan Chase & Co. cut their price objective on shares of Netflix from $1,300.00 to $1,275.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, Pivotal Research reaffirmed a “buy” rating on shares of Netflix in a report on Thursday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,352.78.

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.