Vicus Capital Purchases New Position in Netflix, Inc. $NFLX

Vicus Capital bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 271 shares of the Internet television network’s stock, valued at approximately $363,000.

Several other hedge funds have also added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC grew its stake 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 acquiring an additional 13 shares in the last quarter. Flaharty Asset Management LLC acquired a new stake in Netflix in the 1st quarter worth about $37,000. Maseco LLP bought a new stake in Netflix in the 2nd quarter valued at about $39,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Netflix during the 1st quarter worth approximately $42,000. Finally, 1248 Management LLC acquired a new position in shares of Netflix during the 1st quarter worth approximately $43,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Stock Down 0.7%

NASDAQ:NFLX opened at $1,162.53 on Friday. Netflix, Inc. has a one year low of $677.88 and a one year 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 company has a market cap of $493.99 billion, a PE ratio of 49.53, a P/E/G ratio of 1.97 and a beta of 1.59. The firm’s 50 day simple moving average is $1,207.90 and its 200 day simple moving average is $1,157.42.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.07 by $0.12. The firm had revenue of $11.08 billion during 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%. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter last year, the firm earned $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Activity

In other news, CEO Theodore A. Sarandos sold 2,026 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the completion of the transaction, the chief executive officer directly owned 15,168 shares in the company, valued at $17,604,284.16. This trade represents a 11.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Reed Hastings sold 42,176 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the completion of the sale, the director owned 394 shares in the company, valued at $461,736.48. The trade was a 99.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 104,100 shares of company stock worth $122,710,980. 1.37% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on NFLX. Wells Fargo & Company raised their price objective on Netflix from $1,500.00 to $1,560.00 and gave the stock an “overweight” rating in a research note on Friday, July 18th. Wedbush reissued an “outperform” rating and set a $1,500.00 target price (up from $1,400.00) on shares of Netflix in a report on Monday, July 14th. JPMorgan Chase & Co. raised their price target on Netflix from $1,230.00 to $1,300.00 and gave the stock a “neutral” rating in a research report on Friday, July 18th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Netflix in a research report on Monday, July 21st. Finally, Robert W. Baird increased their price objective on shares of Netflix from $1,300.00 to $1,500.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company 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.