AdviceOne Advisory Services LLC Buys Shares of 150 Netflix, Inc. $NFLX

AdviceOne Advisory Services LLC bought a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 150 shares of the Internet television network’s stock, valued at approximately $201,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Apollon Financial LLC purchased a new stake in Netflix during the 2nd quarter valued at $368,000. Apollon Wealth Management LLC grew its position in shares of Netflix by 4.7% during the 2nd quarter. Apollon Wealth Management LLC now owns 24,976 shares of the Internet television network’s stock valued at $33,446,000 after acquiring an additional 1,114 shares during the period. Hemington Wealth Management grew its position in shares of Netflix by 3.5% during the 2nd quarter. Hemington Wealth Management now owns 614 shares of the Internet television network’s stock valued at $822,000 after acquiring an additional 21 shares during the period. Fifth Third Wealth Advisors LLC grew its position in shares of Netflix by 10.6% during the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 9,778 shares of the Internet television network’s stock valued at $13,094,000 after acquiring an additional 934 shares during the period. Finally, Natural Investments LLC grew its position in shares of Netflix by 9.1% during the 2nd quarter. Natural Investments LLC now owns 1,659 shares of the Internet television network’s stock valued at $2,221,000 after acquiring an additional 138 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Theodore A. Sarandos sold 2,026 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the completion of the transaction, the chief executive officer owned 15,168 shares of the company’s stock, valued at $17,604,284.16. This represents a 11.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David A. Hyman sold 424 shares of the stock in a transaction dated Tuesday, August 5th. The shares were 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 trade represents a 1.32% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 104,100 shares of company stock worth $122,710,980. Insiders own 1.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on NFLX shares. Itau BBA Securities started coverage on shares of Netflix in a research report on Tuesday, October 7th. They set an “outperform” rating and a $1,514.00 price objective for the company. Piper Sandler boosted their price objective on shares of Netflix from $1,400.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Friday, July 18th. Weiss Ratings reissued a “buy (b)” rating on shares of Netflix in a research report on Wednesday. Phillip Securities downgraded shares of Netflix from a “hold” rating to a “strong sell” rating in a research report on Monday, July 21st. Finally, Loop Capital raised shares of 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 report on Wednesday, September 17th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,337.63.

Netflix Trading Down 0.9%

Shares of NFLX stock opened at $1,220.08 on Friday. Netflix, Inc. has a 52-week low of $677.88 and a 52-week high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. The firm has a market capitalization of $518.44 billion, a PE ratio of 51.98, a PEG ratio of 2.05 and a beta of 1.59. The stock has a fifty day simple moving average of $1,210.84 and a two-hundred day simple moving average of $1,168.46.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The business had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. During the same quarter in the prior year, the business posted $4.88 EPS. Netflix’s revenue for the quarter was up 15.9% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

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.