Retirement Guys Formula LLC Has $2.84 Million Position in Netflix, Inc. $NFLX

Retirement Guys Formula LLC reduced its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 8.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,118 shares of the Internet television network’s stock after selling 186 shares during the period. Netflix accounts for 1.1% of Retirement Guys Formula LLC’s investment portfolio, making the stock its 25th biggest holding. Retirement Guys Formula LLC’s holdings in Netflix were worth $2,836,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Optima Capital LLC grew its holdings in shares of Netflix by 3.5% during the 2nd quarter. Optima Capital LLC now owns 239 shares of the Internet television network’s stock valued at $320,000 after acquiring an additional 8 shares in the last quarter. Unified Investment Management grew its holdings in shares of Netflix by 1.7% during the 2nd quarter. Unified Investment Management now owns 474 shares of the Internet television network’s stock valued at $635,000 after acquiring an additional 8 shares in the last quarter. Fullcircle Wealth LLC grew its holdings in shares of Netflix by 2.5% during the 1st quarter. Fullcircle Wealth LLC now owns 369 shares of the Internet television network’s stock valued at $344,000 after acquiring an additional 9 shares in the last quarter. Capital Analysts LLC grew its holdings in shares of Netflix by 0.3% during the 1st quarter. Capital Analysts LLC now owns 2,620 shares of the Internet television network’s stock valued at $2,443,000 after acquiring an additional 9 shares in the last quarter. Finally, Enterprise Financial Services Corp grew its holdings in shares of Netflix by 1.8% during the 1st quarter. Enterprise Financial Services Corp now owns 505 shares of the Internet television network’s stock valued at $471,000 after acquiring an additional 9 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NFLX. Piper Sandler boosted their price target on shares of Netflix from $1,400.00 to $1,500.00 and gave the company an “overweight” rating in a report on Friday, July 18th. The Goldman Sachs Group upped their price objective on shares of Netflix from $1,000.00 to $1,140.00 and gave the stock a “neutral” rating in a report on Wednesday, July 2nd. Barclays reiterated a “sell” rating and issued a $1,100.00 price objective (up from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. JPMorgan Chase & Co. upped their price objective on shares of Netflix from $1,230.00 to $1,300.00 and gave the stock a “neutral” rating in a report on Friday, July 18th. Finally, Canaccord Genuity Group reiterated a “buy” rating on shares of Netflix in a report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,328.87.

Netflix Stock Down 1.2%

Netflix stock opened at $1,203.95 on Thursday. The firm has a market cap of $511.59 billion, a price-to-earnings ratio of 51.30, a P/E/G ratio of 2.05 and a beta of 1.60. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. Netflix, Inc. has a fifty-two week low of $677.88 and a fifty-two week high of $1,341.15. The firm has a fifty day moving average price of $1,210.04 and a two-hundred day moving average price of $1,145.57.

Netflix (NASDAQ:NFLX) last released its 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 firm had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business’s revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.88 EPS. 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 earnings per share for the current year.

Insider Activity

In other Netflix news, CEO Gregory K. Peters sold 2,026 shares of the business’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the completion of the transaction, the chief executive officer owned 12,781 shares of the company’s stock, valued at $14,793,240.64. The trade was a 13.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of the business’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $1,162.40, for a total transaction of $3,023,402.40. Following the transaction, the chief financial officer directly owned 3,691 shares of the company’s stock, valued at approximately $4,290,418.40. This represents a 41.34% decrease in their position. The disclosure for this sale can be found here. Insiders sold 88,728 shares of company stock worth $108,700,648 in the last 90 days. Insiders own 1.37% of the company’s stock.

Netflix Company 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.