Secured Retirement Advisors LLC Buys New Shares in Netflix, Inc. $NFLX

Secured Retirement Advisors LLC purchased a new stake in Netflix, Inc. (NASDAQ:NFLXFree Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 10,039 shares of the Internet television network’s stock, valued at approximately $965,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Imprint Wealth LLC bought a new position in Netflix in the third quarter valued at approximately $25,000. Horizon Financial Services LLC boosted its holdings in shares of Netflix by 480.0% in the 3rd quarter. Horizon Financial Services LLC now owns 29 shares of the Internet television network’s stock valued at $35,000 after buying an additional 24 shares during the last quarter. Promus Capital LLC bought a new position in shares of Netflix in the third quarter valued at $48,000. Wealth Watch Advisors INC bought a new position in shares of Netflix in the third quarter valued at $103,000. Finally, Strategic Wealth Investment Group LLC acquired a new position in Netflix during the second quarter worth $121,000. 80.93% of the stock is owned by institutional investors.

Netflix Price Performance

NASDAQ:NFLX opened at $74.19 on Thursday. Netflix, Inc. has a one year low of $70.86 and a one year high of $130.23. The company has a market cap of $312.40 billion, a P/E ratio of 23.96, a P/E/G ratio of 0.91 and a beta of 1.52. The firm’s fifty day moving average price is $84.07 and its two-hundred day moving average price is $88.49. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.41 and a quick ratio of 1.41.

Netflix (NASDAQ:NFLXGet Free Report) last issued its quarterly earnings data on Thursday, April 16th. The Internet television network reported $1.23 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.47. The company had revenue of $12.25 billion for the quarter, compared to analyst estimates of $12.17 billion. Netflix had a net margin of 28.52% and a return on equity of 40.92%. The company’s revenue was up 16.2% on a year-over-year basis. During the same period in the prior year, the firm earned $6.61 earnings per share. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. Equities analysts expect that Netflix, Inc. will post 3.6 earnings per share for the current year.

Key Netflix News

Here are the key news stories impacting Netflix this week:

Insider Activity

In other news, CFO Spencer Adam Neumann sold 9,253 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $88.95, for a total transaction of $823,054.35. Following the transaction, the chief financial officer owned 73,787 shares in the company, valued at approximately $6,563,353.65. This trade represents a 11.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David A. Hyman sold 5,722 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $88.08, for a total value of $503,993.76. Following the transaction, the insider owned 316,100 shares in the company, valued at approximately $27,842,088. This trade represents a 1.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 899,839 shares of company stock valued at $80,141,661. Company insiders own 1.24% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Netflix in a research note on Wednesday, April 22nd. Moffett Nathanson lowered their price objective on shares of Netflix from $120.00 to $115.00 and set a “buy” rating on the stock in a research note on Wednesday, June 17th. Citizens Jmp reaffirmed a “market perform” rating on shares of Netflix in a report on Wednesday, April 15th. Guggenheim reiterated a “buy” rating and issued a $120.00 target price on shares of Netflix in a research note on Friday, May 15th. Finally, Bank of America reiterated a “buy” rating and set a $125.00 price target on shares of Netflix in a report on Monday, May 18th. Two research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $114.26.

Check Out Our Latest Report on NFLX

About Netflix

(Free Report)

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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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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