KPP Advisory Services LLC Acquires 28 Shares of Netflix, Inc. $NFLX

KPP Advisory Services LLC raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 7.1% in the 2nd quarter, Holdings Channel.com reports. The fund owned 424 shares of the Internet television network’s stock after buying an additional 28 shares during the period. KPP Advisory Services LLC’s holdings in Netflix were worth $568,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in NFLX. Brighton Jones LLC grew its stake in shares of Netflix by 5.0% during the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock worth $4,804,000 after acquiring an additional 257 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in Netflix by 16.4% in 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 grew its stake in Netflix by 17.6% in 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. Daymark Wealth Partners LLC grew its stake in Netflix by 3.4% in the first quarter. Daymark Wealth Partners LLC now owns 1,659 shares of the Internet television network’s stock valued at $1,547,000 after purchasing an additional 54 shares in the last quarter. Finally, Omnia Family Wealth LLC grew its stake in Netflix by 10.3% in the first quarter. Omnia Family Wealth LLC now owns 450 shares of the Internet television network’s stock valued at $420,000 after purchasing an additional 42 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on NFLX. Jefferies Financial Group restated a “buy” rating and issued a $1,500.00 price target on shares of Netflix in a research note on Wednesday. Sanford C. Bernstein restated a “buy” rating on shares of Netflix in a research note on Friday, October 17th. Phillip Securities downgraded Netflix from a “hold” rating to a “strong sell” rating in a research note on Monday, July 21st. Wells Fargo & Company decreased their price target on Netflix from $1,560.00 to $1,510.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, Pivotal Research restated a “buy” rating on shares of Netflix in a research note on Thursday, July 10th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,352.78.

Netflix Stock Performance

NFLX opened at $1,113.59 on Friday. Netflix, Inc. has a 12-month low of $746.25 and a 12-month high of $1,341.15. The stock has a market cap of $473.19 billion, a price-to-earnings ratio of 46.52, a PEG ratio of 1.89 and a beta of 1.59. The business has a 50 day moving average of $1,210.10 and a 200-day moving average of $1,183.73. 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 (NASDAQ:NFLX) last released its quarterly earnings data 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). Netflix had a net margin of 24.05% and a return on equity of 41.86%. The business had revenue of $11.51 billion during the quarter, compared to analyst estimates of $11.52 billion. During the same period in the previous year, the business earned $5.40 earnings per share. The business’s quarterly revenue was up 17.2% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. On average, equities research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Reed Hastings sold 42,176 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the completion of the sale, the director directly owned 394 shares of the company’s stock, valued at $461,736.48. This trade represents a 99.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Theodore A. Sarandos sold 2,026 shares of Netflix stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the sale, the chief executive officer directly owned 15,168 shares of the company’s stock, valued at approximately $17,604,284.16. The trade was a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 104,100 shares of company stock valued at $122,710,980. Insiders own 1.37% of the company’s stock.

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.