Trivium Point Advisory LLC Grows Position in Netflix, Inc. $NFLX

Trivium Point Advisory LLC raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,361 shares of the Internet television network’s stock after purchasing an additional 63 shares during the quarter. Trivium Point Advisory LLC’s holdings in Netflix were worth $3,162,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in NFLX. Brighton Jones LLC lifted its holdings in Netflix by 5.0% during the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock valued at $4,804,000 after purchasing an additional 257 shares during the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of Netflix by 16.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock worth $912,000 after buying an additional 144 shares in the last quarter. Fiduciary Alliance LLC lifted its holdings in shares of Netflix by 879.3% in the first quarter. Fiduciary Alliance LLC now owns 3,829 shares of the Internet television network’s stock worth $3,571,000 after buying an additional 3,438 shares in the last quarter. NBC Securities Inc. lifted its holdings in shares of Netflix by 157,166.7% in the first quarter. NBC Securities Inc. now owns 4,718 shares of the Internet television network’s stock worth $4,399,000 after buying an additional 4,715 shares in the last quarter. Finally, QV Investors Inc. lifted its holdings in shares of Netflix by 11.3% in the first quarter. QV Investors Inc. now owns 3,160 shares of the Internet television network’s stock worth $2,947,000 after buying an additional 320 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Netflix

In other Netflix news, Director Reed Hastings sold 25,959 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $1,207.71, for a total transaction of $31,350,943.89. Following the transaction, the director directly owned 394 shares in the company, valued at $475,837.74. This trade represents a 98.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were 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 owned 3,691 shares in the company, valued at $4,290,418.40. The trade was a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 59,324 shares of company stock valued at $70,235,556. 1.37% of the stock is currently owned by corporate insiders.

Netflix Trading Down 0.3%

Shares of NFLX opened at $1,206.41 on Tuesday. The firm’s 50 day simple moving average is $1,208.21 and its 200 day simple moving average is $1,155.55. The company has a market capitalization of $512.63 billion, a P/E ratio of 51.40, a P/E/G ratio of 2.04 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 1-year low of $677.88 and a 1-year high of $1,341.15.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating analysts’ consensus estimates of $7.07 by $0.12. The business had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. Netflix’s quarterly revenue was up 15.9% on a year-over-year basis. 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. Sell-side analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company increased their price target on shares of Netflix from $1,500.00 to $1,560.00 and gave the stock an “overweight” rating in a report on Friday, July 18th. Pivotal Research reissued a “buy” rating on shares of Netflix in a report on Thursday, July 10th. JPMorgan Chase & Co. increased their price target 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. KeyCorp increased their price target on shares of Netflix from $1,070.00 to $1,390.00 and gave the stock an “overweight” rating in a report on Thursday, July 10th. Finally, The Goldman Sachs Group increased their price target 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. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Netflix presently has an average rating of “Moderate Buy” and a consensus price target of $1,328.87.

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.