Relyea Zuckerberg Hanson LLC Buys 87 Shares of Netflix, Inc. $NFLX

Relyea Zuckerberg Hanson LLC increased its position in Netflix, Inc. (NASDAQ:NFLX) by 8.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,168 shares of the Internet television network’s stock after acquiring an additional 87 shares during the quarter. Relyea Zuckerberg Hanson LLC’s holdings in Netflix were worth $1,564,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in NFLX. Halbert Hargrove Global Advisors LLC increased its stake in Netflix by 100.0% in the 1st 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 in the last quarter. Flaharty Asset Management LLC bought a new position in shares of Netflix in the first quarter worth about $37,000. Maseco LLP purchased a new stake in shares of Netflix during the second quarter worth about $39,000. Barnes Dennig Private Wealth Management LLC bought a new stake in Netflix during the 1st quarter valued at approximately $42,000. Finally, 1248 Management LLC purchased a new position in Netflix in the 1st quarter worth approximately $43,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

Netflix stock opened at $1,153.32 on Monday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. The company has a market capitalization of $490.08 billion, a PE ratio of 49.14, a P/E/G ratio of 1.94 and a beta of 1.59. The company has a 50 day moving average price of $1,207.36 and a 200-day moving average price of $1,161.81. Netflix, Inc. has a fifty-two week low of $677.88 and a fifty-two week high of $1,341.15.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data 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 company had revenue of $11.08 billion for the quarter, compared to analysts’ expectations of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.Netflix’s revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior 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. As a group, equities analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Activity

In related news, insider David A. Hyman sold 424 shares of the company’s 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 sale, the insider directly owned 31,610 shares of the company’s stock, valued at $36,625,558.70. This represents a 1.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction dated Friday, August 1st. The stock was 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 approximately $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. In the last 90 days, insiders have sold 104,100 shares of company stock valued at $122,710,980. Company insiders own 1.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NFLX. Rosenblatt Securities increased their price objective on shares of Netflix from $1,514.00 to $1,515.00 and gave the company a “buy” rating in a report on Friday, July 18th. Citigroup restated a “neutral” rating and set a $1,295.00 target price (up previously from $1,280.00) on shares of Netflix in a research report on Friday. Phillip Securities cut shares of Netflix from a “hold” rating to a “strong sell” rating in a research note on Monday, July 21st. UBS Group reiterated a “market underperform” rating on shares of Netflix in a research note on Saturday, July 19th. Finally, Pivotal Research reissued a “buy” rating on shares of Netflix in a report on Thursday, July 10th. One 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 issued a Sell rating to the company. 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.

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.