Fortitude Advisory Group L.L.C. Has $540,000 Position in Netflix, Inc. $NFLX

Fortitude Advisory Group L.L.C. reduced its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 8.4% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 403 shares of the Internet television network’s stock after selling 37 shares during the quarter. Fortitude Advisory Group L.L.C.’s holdings in Netflix were worth $540,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Halbert Hargrove Global Advisors LLC boosted its position in shares of Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock worth $25,000 after buying an additional 13 shares during the period. Flaharty Asset Management LLC bought a new stake in Netflix during the first quarter worth about $37,000. Maseco LLP bought a new stake in Netflix during the second quarter worth about $39,000. Barnes Dennig Private Wealth Management LLC bought a new stake in Netflix during the first quarter worth about $42,000. Finally, 1248 Management LLC bought a new stake in Netflix during the first quarter worth about $43,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on NFLX shares. BMO Capital Markets reiterated an “outperform” rating and set a $1,425.00 target price (up previously from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. Seaport Res Ptn lowered Netflix from a “strong-buy” rating to a “hold” rating in a report on Sunday, July 6th. Wall Street Zen lowered Netflix from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings restated a “buy (b)” rating on shares of Netflix in a research note on Saturday, September 27th. Finally, Loop Capital upgraded Netflix from a “hold” rating to a “buy” rating and upped their price objective for the company from $1,150.00 to $1,350.00 in a research note on Wednesday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,335.00.

Insider Transactions at Netflix

In other Netflix news, Director Reed Hastings sold 42,176 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the sale, the director 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Cletus R. Willems sold 238 shares of the firm’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total value of $274,537.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 104,100 shares of company stock worth $122,710,980. 1.37% of the stock is owned by insiders.

Netflix Trading Down 0.8%

Shares of NASDAQ:NFLX opened at $1,153.32 on Friday. The company has a market capitalization of $490.08 billion, a P/E ratio of 49.14, a P/E/G 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 company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. The business’s 50 day simple moving average is $1,207.36 and its 200 day simple moving average is $1,160.35.

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 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 return on equity of 42.50% and a net margin of 24.58%.The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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 EPS for the current fiscal year.

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.