Pure Financial Advisors LLC Increases Stock Position in Netflix, Inc. $NFLX

Pure Financial Advisors LLC increased its position in Netflix, Inc. (NASDAQ:NFLX) by 12.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 2,500 shares of the Internet television network’s stock after buying an additional 270 shares during the quarter. Pure Financial Advisors LLC’s holdings in Netflix were worth $3,348,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in NFLX. Nuveen LLC acquired a new stake in Netflix in the first quarter valued at $2,385,585,000. Kingstone Capital Partners Texas LLC increased its holdings in shares of Netflix by 343,058.2% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 2,463,876 shares of the Internet television network’s stock worth $3,299,450,000 after acquiring an additional 2,463,158 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Netflix by 57.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network’s stock worth $3,164,134,000 after acquiring an additional 1,236,251 shares during the period. Amundi increased its stake in Netflix by 37.7% during the 1st quarter. Amundi now owns 2,070,221 shares of the Internet television network’s stock valued at $1,898,496,000 after buying an additional 567,251 shares during the period. Finally, Vanguard Group Inc. increased its stake in Netflix by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network’s stock valued at $35,433,585,000 after buying an additional 509,255 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Stock Down 2.3%

NFLX opened at $1,170.90 on Thursday. Netflix, Inc. has a fifty-two week low of $677.88 and a fifty-two week 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 firm’s fifty day moving average price is $1,208.27 and its two-hundred day moving average price is $1,155.95. The company has a market capitalization of $497.55 billion, a P/E ratio of 49.89, a P/E/G ratio of 2.02 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last issued its 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 company had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter in the previous year, the company earned $4.88 EPS. The firm’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 anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Buying and Selling

In related news, CEO Theodore A. Sarandos sold 2,026 shares of Netflix stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 15,168 shares of the company’s stock, valued at $17,604,284.16. The trade was a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Reed Hastings sold 25,959 shares of Netflix stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $1,207.71, for a total value of $31,350,943.89. Following the completion of the transaction, the director directly owned 394 shares of the company’s stock, valued at $475,837.74. This represents a 98.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 59,324 shares of company stock worth $70,235,556 in the last three months. Company insiders own 1.37% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on NFLX. Loop Capital upgraded shares of Netflix from a “hold” rating to a “buy” rating and raised their price objective for the company from $1,150.00 to $1,350.00 in a research report on Wednesday, September 17th. Oppenheimer raised their target price on shares of Netflix from $1,200.00 to $1,425.00 and gave the stock an “outperform” rating in a report on Thursday, June 12th. Phillip Securities cut shares of Netflix from a “hold” rating to a “strong sell” rating in a report on Monday, July 21st. Robert W. Baird raised their price target on shares of Netflix from $1,300.00 to $1,500.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. Finally, Wells Fargo & Company raised their price objective on shares of Netflix from $1,500.00 to $1,560.00 and gave the company an “overweight” rating in a research report on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,334.03.

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.