Sunbeam Capital Management LLC Raises Stock Position in Netflix, Inc. $NFLX

Sunbeam Capital Management LLC raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 60.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 745 shares of the Internet television network’s stock after acquiring an additional 280 shares during the quarter. Sunbeam Capital Management LLC’s holdings in Netflix were worth $998,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Resurgent Financial Advisors LLC lifted its holdings in Netflix by 234.4% in the 1st quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network’s stock worth $942,000 after purchasing an additional 708 shares in the last quarter. MRA Advisory Group raised its position in shares of Netflix by 28.4% during the second quarter. MRA Advisory Group now owns 919 shares of the Internet television network’s stock valued at $1,231,000 after buying an additional 203 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of Netflix by 42.1% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 441,861 shares of the Internet television network’s stock worth $412,059,000 after buying an additional 130,946 shares in the last quarter. Sava Infond d.o.o. lifted its holdings in shares of Netflix by 25.1% in the second quarter. Sava Infond d.o.o. now owns 1,495 shares of the Internet television network’s stock worth $2,002,000 after buying an additional 300 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. grew its stake in Netflix by 1.4% during the second quarter. McGlone Suttner Wealth Management Inc. now owns 989 shares of the Internet television network’s stock valued at $1,324,000 after acquiring an additional 14 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Trading Up 0.9%

Shares of NFLX stock opened at $1,163.31 on Tuesday. The company has a market cap of $494.33 billion, a PE ratio of 49.57, a price-to-earnings-growth ratio of 1.94 and a beta of 1.59. Netflix, Inc. has a 1 year low of $677.88 and a 1 year high of $1,341.15. The stock’s 50 day simple moving average is $1,207.13 and its two-hundred day simple moving average is $1,163.23. 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 (NASDAQ:NFLX) last announced its earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping analysts’ consensus estimates of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm had revenue of $11.08 billion during the quarter, compared to analysts’ expectations of $11.04 billion. During the same quarter in the previous year, the business earned $4.88 EPS. The company’s quarterly revenue was up 15.9% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Buying and Selling at Netflix

In other news, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction on Friday, August 1st. The shares were sold at an average price of $1,162.40, for a total value of $3,023,402.40. Following the sale, the chief financial officer owned 3,691 shares of the company’s stock, valued at approximately $4,290,418.40. This represents a 41.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Reed Hastings sold 42,176 shares of the firm’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 owned 394 shares of the company’s stock, valued at $461,736.48. This trade represents a 99.07% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 104,100 shares of company stock valued at $122,710,980. Insiders own 1.37% of the company’s stock.

Analyst Upgrades and Downgrades

NFLX has been the topic of several research analyst reports. Jefferies Financial Group reiterated a “buy” rating on shares of Netflix in a research note on Thursday, September 11th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Netflix in a report on Monday, July 21st. Sanford C. Bernstein increased their price target on Netflix from $1,200.00 to $1,390.00 and gave the company an “outperform” rating in a research note on Thursday, July 17th. Needham & Company LLC restated a “buy” rating and set a $1,500.00 price target on shares of Netflix in a report on Wednesday, September 10th. Finally, UBS Group reaffirmed a “market underperform” rating on shares of Netflix in a report on Saturday, July 19th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,335.00.

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.