Sunbeam Capital Management LLC Acquires 280 Shares of Netflix, Inc. $NFLX

Sunbeam Capital Management LLC grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 60.2% in the second quarter, Holdings Channel reports. The firm owned 745 shares of the Internet television network’s stock after acquiring an additional 280 shares during the period. Sunbeam Capital Management LLC’s holdings in Netflix were worth $998,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in NFLX. Halbert Hargrove Global Advisors LLC boosted its position 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 valued at $25,000 after buying an additional 13 shares during the period. Flaharty Asset Management LLC bought a new stake in shares of Netflix during the first quarter valued at approximately $37,000. Maseco LLP purchased a new stake in shares of Netflix in the second quarter valued at approximately $39,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Netflix in the first quarter valued at approximately $42,000. Finally, 1248 Management LLC bought a new position in Netflix in the first quarter worth approximately $43,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Gregory K. Peters sold 2,026 shares of Netflix stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the completion of the sale, the chief executive officer directly owned 12,781 shares in the company, valued at $14,793,240.64. This trade represents a 13.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Spencer Adam Neumann sold 2,600 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $1,172.51, for a total transaction of $3,048,526.00. Following the sale, the chief financial officer directly owned 3,691 shares in the company, valued at approximately $4,327,734.41. This represents a 41.33% decrease in their position. 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. 1.37% of the stock is currently owned by corporate insiders.

Netflix Price Performance

NASDAQ NFLX opened at $1,163.31 on Tuesday. The firm’s fifty day simple moving average is $1,207.13 and its two-hundred day simple moving average is $1,163.23. The firm has a market capitalization of $494.33 billion, a P/E ratio of 49.57, a P/E/G ratio of 1.94 and a beta of 1.59. 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, Inc. has a 12-month low of $677.88 and a 12-month high of $1,341.15.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating the consensus estimate of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. During the same quarter in the prior year, the business posted $4.88 EPS. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. UBS Group reaffirmed a “market underperform” rating on shares of Netflix in a research report on Saturday, July 19th. Phillip Securities downgraded Netflix from a “hold” rating to a “strong sell” rating in a report on Monday, July 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of Netflix in a report on Saturday, September 27th. Wedbush reissued an “outperform” rating and set a $1,500.00 target price (up previously from $1,400.00) on shares of Netflix in a research report on Monday, July 14th. Finally, KeyCorp upped their price target on shares of Netflix from $1,070.00 to $1,390.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,335.00.

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.