Netflix, Inc. $NFLX Shares Bought by Peak Financial Advisors LLC

Peak Financial Advisors LLC raised its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,330 shares of the Internet television network’s stock after buying an additional 137 shares during the period. Netflix comprises 2.3% of Peak Financial Advisors LLC’s portfolio, making the stock its 9th biggest position. Peak Financial Advisors LLC’s holdings in Netflix were worth $4,459,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Modus Advisors LLC acquired a new stake in shares of Netflix during the second quarter worth approximately $236,000. Roxbury Financial LLC grew its stake in shares of Netflix by 26.1% during the second quarter. Roxbury Financial LLC now owns 174 shares of the Internet television network’s stock valued at $233,000 after purchasing an additional 36 shares during the last quarter. Nova Wealth Management Inc. grew its stake in shares of Netflix by 19.3% during the second quarter. Nova Wealth Management Inc. now owns 130 shares of the Internet television network’s stock valued at $174,000 after purchasing an additional 21 shares during the last quarter. OMNI 360 Wealth Inc. bought a new stake in shares of Netflix during the second quarter valued at approximately $214,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Netflix by 12.8% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,311 shares of the Internet television network’s stock valued at $3,095,000 after purchasing an additional 262 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Ratings Changes

NFLX has been the topic of several research analyst reports. Barclays reissued a “sell” rating and set a $1,100.00 price target (up from $1,000.00) on shares of Netflix in a research note on Wednesday, July 9th. Wedbush reissued an “outperform” rating and set a $1,500.00 price target (up from $1,400.00) on shares of Netflix in a research note on Monday, July 14th. Phillip Securities cut shares of Netflix from a “hold” rating to a “strong sell” rating in a research note on Monday, July 21st. Morgan Stanley reissued an “equal weight” rating on shares of Netflix in a research note on Monday, July 21st. Finally, BMO Capital Markets reissued an “outperform” rating and set a $1,425.00 price target (up from $1,200.00) on shares of Netflix in a research note on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Netflix currently has an average rating of “Moderate Buy” and an average target price of $1,317.58.

Insider Activity

In other news, CEO Theodore A. Sarandos sold 2,026 shares of Netflix stock in a transaction on 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 transaction, the chief executive officer directly owned 15,168 shares of the company’s stock, valued at $17,604,284.16. This trade represents a 11.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gregory K. Peters sold 2,026 shares of Netflix stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the transaction, the chief executive officer directly owned 12,781 shares in the company, valued at approximately $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. In the last three months, insiders sold 89,348 shares of company stock valued at $109,498,489. 1.37% of the stock is owned by company insiders.

Netflix Price Performance

Shares of NFLX stock opened at $1,188.44 on Friday. Netflix, Inc. has a 52-week low of $677.88 and a 52-week high of $1,341.15. The stock has a market cap of $505.00 billion, a PE ratio of 50.64, a PEG ratio of 2.03 and a beta of 1.60. 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’s 50 day moving average price is $1,218.15 and its two-hundred day moving average price is $1,132.43.

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

Netflix Profile

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.