Curran Financial Partners LLC Has $487,000 Position in Netflix, Inc. $NFLX

Curran Financial Partners LLC boosted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 28.6% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 364 shares of the Internet television network’s stock after acquiring an additional 81 shares during the quarter. Curran Financial Partners LLC’s holdings in Netflix were worth $487,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of NFLX. Nuveen LLC acquired a new stake in Netflix in the first quarter worth $2,385,585,000. Kingstone Capital Partners Texas LLC raised its holdings in Netflix by 343,058.2% in the second quarter. Kingstone Capital Partners Texas LLC now owns 2,463,876 shares of the Internet television network’s stock worth $3,299,450,000 after purchasing an additional 2,463,158 shares during the period. Goldman Sachs Group Inc. raised its holdings in Netflix by 57.3% in the first quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network’s stock worth $3,164,134,000 after purchasing an additional 1,236,251 shares during the period. Amundi raised its holdings in Netflix by 37.7% in the first quarter. Amundi now owns 2,070,221 shares of the Internet television network’s stock worth $1,898,496,000 after purchasing an additional 567,251 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Netflix by 1.4% in the first quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network’s stock worth $35,433,585,000 after purchasing an additional 509,255 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider David A. Hyman sold 424 shares of Netflix stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total value of $491,276.08. Following the completion of the transaction, the insider owned 31,610 shares of the company’s stock, valued at $36,625,558.70. This trade represents a 1.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Reed Hastings sold 42,176 shares of Netflix stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total transaction of $49,426,897.92. Following the completion of the transaction, the director directly owned 394 shares of the company’s stock, valued at approximately $461,736.48. This trade represents a 99.07% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,100 shares of company stock valued at $122,710,980 in the last quarter. Company insiders own 1.37% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on NFLX. Barclays reiterated a “sell” rating and issued a $1,100.00 target price (up from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. Canaccord Genuity Group reiterated a “buy” rating on shares of Netflix in a report on Thursday, July 10th. Morgan Stanley reiterated an “equal weight” rating on shares of Netflix in a report on Monday, July 21st. Needham & Company LLC reissued a “buy” rating and set a $1,500.00 price objective on shares of Netflix in a research report on Wednesday, September 10th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $1,425.00 price objective (up previously from $1,200.00) on shares of Netflix in a research report on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,335.00.

Netflix Stock Down 0.8%

Netflix stock opened at $1,153.32 on Friday. The company has a market cap of $490.08 billion, a P/E ratio of 49.14, a price-to-earnings-growth ratio of 1.96 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 company has a fifty day simple moving average of $1,207.36 and a 200 day simple moving average of $1,158.96. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58.

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, beating analysts’ consensus estimates of $7.07 by $0.12. The business 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 firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. 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. Research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.