Stephens Consulting LLC Grows Stock Position in Netflix, Inc. $NFLX

Stephens Consulting LLC boosted its stake in Netflix, Inc. (NASDAQ:NFLX) by 150.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25 shares of the Internet television network’s stock after acquiring an additional 15 shares during the quarter. Stephens Consulting LLC’s holdings in Netflix were worth $33,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Hazlett Burt & Watson Inc. boosted its holdings in Netflix by 15.1% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,215 shares of the Internet television network’s stock worth $1,621,000 after acquiring an additional 159 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Netflix by 48.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 278,733 shares of the Internet television network’s stock worth $360,569,000 after acquiring an additional 90,888 shares during the period. Almanack Investment Partners LLC. boosted its holdings in Netflix by 101.1% in the 2nd quarter. Almanack Investment Partners LLC. now owns 2,445 shares of the Internet television network’s stock worth $3,274,000 after acquiring an additional 1,229 shares during the period. Ellis Investment Partners LLC purchased a new position in Netflix in the 2nd quarter worth approximately $270,000. Finally, Genesee Capital Advisors LLC purchased a new position in Netflix in the 2nd quarter worth approximately $222,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Transactions at Netflix

In other Netflix news, CEO Gregory K. Peters sold 2,026 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the sale, the chief executive officer directly owned 12,781 shares of the company’s stock, valued at $14,793,240.64. This trade represents a 13.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Reed Hastings sold 42,176 shares of the 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 completion of the sale, the director directly owned 394 shares in the company, valued at $461,736.48. This represents a 99.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,100 shares of company stock valued at $122,710,980 over the last three months. 1.37% of the stock is currently owned by company insiders.

Netflix Stock Performance

Shares of NFLX opened at $1,220.08 on Monday. The business’s fifty day moving average price is $1,210.84 and its 200 day moving average price is $1,169.80. Netflix, Inc. has a 12-month low of $677.88 and a 12-month high of $1,341.15. The stock has a market capitalization of $518.45 billion, a PE ratio of 51.98, a price-to-earnings-growth ratio of 2.05 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34.

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. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm had revenue of $11.08 billion for the quarter, compared to analysts’ expectations of $11.04 billion. During the same period last year, the business posted $4.88 earnings per share. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Equities research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NFLX. UBS Group set a $1,425.00 target price on Netflix in a research note on Tuesday, October 7th. Robert W. Baird increased their target price on Netflix from $1,300.00 to $1,500.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. Wall Street Zen cut Netflix from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Piper Sandler increased their target price on Netflix from $1,400.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Friday, July 18th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $1,425.00 target price (up from $1,200.00) on shares of Netflix in a research note on Tuesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,337.63.

Netflix Company 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.