Zhang Financial LLC grew its position in shares of Netflix, Inc. (NASDAQ:NFLX – Free Report) by 103.0% in the 1st quarter, Holdings Channel.com reports. The firm owned 16,294 shares of the Internet television network’s stock after buying an additional 8,269 shares during the period. Zhang Financial LLC’s holdings in Netflix were worth $1,567,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently made changes to their positions in the company. Pacific Sun Financial Corp grew its position in Netflix by 1.6% during the third quarter. Pacific Sun Financial Corp now owns 574 shares of the Internet television network’s stock valued at $688,000 after buying an additional 9 shares during the period. Beaird Harris Wealth Management LLC raised its position in shares of Netflix by 9.6% in the third quarter. Beaird Harris Wealth Management LLC now owns 114 shares of the Internet television network’s stock worth $137,000 after acquiring an additional 10 shares during the period. Monograph Wealth Advisors LLC raised its position in shares of Netflix by 1.8% in the second quarter. Monograph Wealth Advisors LLC now owns 682 shares of the Internet television network’s stock worth $913,000 after acquiring an additional 12 shares during the period. Resources Management Corp CT ADV boosted its stake in shares of Netflix by 2.0% during the 2nd quarter. Resources Management Corp CT ADV now owns 829 shares of the Internet television network’s stock worth $1,110,000 after acquiring an additional 16 shares in the last quarter. Finally, Sompo Asset Management Co. Ltd. boosted its stake in shares of Netflix by 1.4% during the 2nd quarter. Sompo Asset Management Co. Ltd. now owns 1,500 shares of the Internet television network’s stock worth $2,009,000 after acquiring an additional 20 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Netflix
In other Netflix news, CEO Theodore A. Sarandos sold 27,312 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $87.97, for a total transaction of $2,402,636.64. Following the completion of the transaction, the chief executive officer owned 284,804 shares of the company’s stock, valued at $25,054,207.88. This represents a 8.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Reed Hastings sold 407,550 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $93.13, for a total value of $37,955,131.50. Following the completion of the transaction, the director owned 3,940 shares in the company, valued at approximately $366,932.20. This trade represents a 99.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 899,839 shares of company stock valued at $80,141,661. 1.24% of the stock is owned by insiders.
Netflix Stock Down 7.3%
Netflix (NASDAQ:NFLX – Get Free Report) last issued its quarterly earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.01. Netflix had a net margin of 28.22% and a return on equity of 40.83%. The firm had revenue of $12.56 billion for the quarter, compared to analyst estimates of $12.58 billion. During the same period last year, the company posted $0.72 EPS. Netflix’s quarterly revenue was up 13.4% compared to the same quarter last year. Equities analysts forecast that Netflix, Inc. will post 3.6 earnings per share for the current fiscal year.
Key Stories Impacting Netflix
Here are the key news stories impacting Netflix this week:
- Positive Sentiment: Some analysts remain bullish, arguing Netflix still has strong long-term upside from margin expansion, advertising growth, and new engagement-driven content formats. Mark Mahaney Reiterates Buy on Netflix
- Positive Sentiment: Supportive commentary highlighted Netflix’s AI, ads, short-form video, and gaming strategy as potential growth catalysts for monetization and engagement. Ad Engagement & Content Opportunities Offer Bullish Edge for NFLX
- Neutral Sentiment: Several analysts cut price targets but mostly kept buy/overweight or hold ratings, signaling lower near-term expectations rather than a full thesis break. Laura Martin Maintains Buy on Netflix
- Negative Sentiment: Netflix’s weaker Q3 outlook and reduced engagement disclosure sparked concern that growth is slowing and management is becoming less transparent with investors. Netflix third-quarter earnings forecast falls shy of Wall Street expectations
- Negative Sentiment: Coverage across the market emphasized the post-earnings selloff, citing a revenue miss, soft guidance, and investor worries about future growth and competition. U.S. Chip Stocks Extend Slide; Netflix Tumbles on Growth Warning
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on the company. HSBC lifted their price target on Netflix from $106.00 to $114.00 and gave the company a “buy” rating in a research note on Friday, April 10th. Moffett Nathanson lowered their price target on Netflix from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Wednesday, June 17th. Wells Fargo & Company set a $80.00 price target on Netflix and gave the stock an “equal weight” rating in a research report on Friday. Bank of America reissued a “buy” rating and issued a $125.00 price objective on shares of Netflix in a report on Monday, May 18th. Finally, TD Cowen cut their price objective on Netflix from $112.00 to $100.00 and set a “buy” rating for the company in a research report on Friday. Two research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating and sixteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and an average target price of $103.97.
Read Our Latest Report on NFLX
About Netflix
Netflix, Inc (NASDAQ: NFLX) is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.
The company’s primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.
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