Netflix, Inc. $NFLX Holdings Boosted by Curran Financial Partners LLC

Curran Financial Partners LLC boosted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 28.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 364 shares of the Internet television network’s stock after purchasing an additional 81 shares during the period. Curran Financial Partners LLC’s holdings in Netflix were worth $487,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NFLX. Brighton Jones LLC boosted 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 valued at $4,804,000 after buying an additional 257 shares during the period. Revolve Wealth Partners LLC boosted its stake in shares of Netflix by 16.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock valued at $912,000 after buying an additional 144 shares during the period. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Netflix by 16.4% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 1,756 shares of the Internet television network’s stock valued at $1,638,000 after buying an additional 248 shares during the period. Matrix Trust Co boosted its stake in shares of Netflix by 30.2% during the 1st quarter. Matrix Trust Co now owns 237 shares of the Internet television network’s stock valued at $221,000 after buying an additional 55 shares during the period. Finally, Breakwater Capital Group boosted its stake in shares of Netflix by 7.7% during the 1st quarter. Breakwater Capital Group now owns 589 shares of the Internet television network’s stock valued at $549,000 after buying an additional 42 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, Director Reed Hastings sold 42,176 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total transaction of $49,426,897.92. Following the completion of the sale, the director directly owned 394 shares of the company’s stock, valued at approximately $461,736.48. The trade was a 99.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Gregory K. Peters sold 2,026 shares of the business’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 sale, the chief executive officer directly owned 12,781 shares of the company’s stock, valued at $14,793,240.64. This represents a 13.68% 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 over the last three months. Insiders own 1.37% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on NFLX. Morgan Stanley reissued an “equal weight” rating on shares of Netflix in a research note on Monday, July 21st. TD Cowen boosted their target price on shares of Netflix from $1,440.00 to $1,450.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. KeyCorp boosted their target price on shares of Netflix from $1,070.00 to $1,390.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. Zacks Research lowered Netflix from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 1st. Finally, Jefferies Financial Group restated a “buy” rating on shares of Netflix in a research note on Thursday, September 11th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,335.00.

Netflix Price Performance

NFLX opened at $1,153.32 on Friday. Netflix, Inc. has a one year low of $677.88 and a one year high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. The company’s 50 day simple moving average is $1,207.36 and its 200-day simple moving average is $1,158.96. The stock has a market capitalization of $490.08 billion, a P/E ratio of 49.14, a price-to-earnings-growth ratio of 1.96 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating the consensus estimate of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business had revenue of $11.08 billion for the quarter, compared to analysts’ expectations of $11.04 billion. During the same period in the prior year, the firm earned $4.88 earnings per share. Netflix’s revenue 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. Sell-side analysts anticipate that Netflix, Inc. will post 24.58 earnings per share 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.