Childress Capital Advisors LLC Increases Holdings in Netflix, Inc. $NFLX

Childress Capital Advisors LLC increased its stake in Netflix, Inc. (NASDAQ:NFLX) by 6.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,780 shares of the Internet television network’s stock after buying an additional 114 shares during the quarter. Childress Capital Advisors LLC’s holdings in Netflix were worth $2,383,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Halbert Hargrove Global Advisors LLC grew its position in shares of Netflix by 100.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock valued at $25,000 after purchasing an additional 13 shares in the last quarter. Maseco LLP bought a new stake in Netflix during the second quarter valued at $39,000. Ransom Advisory Ltd bought a new stake in Netflix during the second quarter valued at $47,000. Flaharty Asset Management LLC bought a new stake in Netflix during the first quarter valued at $37,000. Finally, Signature Resources Capital Management LLC boosted its stake in Netflix by 740.0% during the second quarter. Signature Resources Capital Management LLC now owns 42 shares of the Internet television network’s stock valued at $56,000 after buying an additional 37 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on NFLX. Phillip Securities lowered Netflix from a “hold” rating to a “strong sell” rating in a research note on Monday, July 21st. Piper Sandler lifted their price objective on Netflix from $1,400.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Friday, July 18th. Wells Fargo & Company lifted their price objective on Netflix from $1,500.00 to $1,560.00 and gave the company an “overweight” rating in a research note on Friday, July 18th. Loop Capital raised Netflix from a “hold” rating to a “buy” rating and lifted their price objective for the company from $1,150.00 to $1,350.00 in a research note on Wednesday, September 17th. Finally, Needham & Company LLC reissued a “buy” rating and set a $1,500.00 price objective on shares of Netflix in a research note on Wednesday, September 10th. One research 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. Based on data from MarketBeat.com, Netflix has an average rating of “Moderate Buy” and a consensus price target of $1,334.03.

Netflix Trading Down 0.6%

Shares of NFLX stock opened at $1,198.92 on Wednesday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. The business has a 50-day moving average price of $1,208.39 and a two-hundred day moving average price of $1,155.85. Netflix, Inc. has a 12-month low of $677.88 and a 12-month high of $1,341.15. The firm has a market cap of $509.46 billion, a P/E ratio of 51.08, a price-to-earnings-growth ratio of 2.03 and a beta of 1.60.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 42.50% and a net margin of 24.58%.The company’s revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Equities analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Transactions at Netflix

In other 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 transaction, the chief executive officer owned 15,168 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $1,162.40, for a total value of $3,023,402.40. Following the completion of the transaction, the chief financial officer owned 3,691 shares in the company, 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. In the last 90 days, insiders have sold 59,324 shares of company stock valued at $70,235,556. 1.37% of the stock is currently owned by corporate insiders.

About Netflix

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.