J.Safra Asset Management Corp Acquires 180 Shares of Netflix, Inc. $NFLX

J.Safra Asset Management Corp increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 25.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 885 shares of the Internet television network’s stock after purchasing an additional 180 shares during the period. J.Safra Asset Management Corp’s holdings in Netflix were worth $1,171,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Stephens Consulting LLC lifted its position in shares of Netflix by 150.0% during the 2nd quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock worth $33,000 after buying an additional 15 shares during the last quarter. Halbert Hargrove Global Advisors LLC raised its position in Netflix by 100.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock valued at $25,000 after purchasing an additional 13 shares during the last quarter. Maseco LLP bought a new position in Netflix in the second quarter valued at about $39,000. Ransom Advisory Ltd bought a new position in Netflix in the second quarter valued at about $47,000. Finally, Flaharty Asset Management LLC bought a new position in Netflix in the first quarter valued at about $37,000. 80.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CFO Spencer Adam Neumann sold 2,601 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $1,162.40, for a total value of $3,023,402.40. Following the transaction, the chief financial officer owned 3,691 shares in the company, valued at $4,290,418.40. This trade represents a 41.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Reed Hastings sold 42,176 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the completion of the transaction, the director owned 394 shares in the company, valued at $461,736.48. This represents a 99.07% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 104,100 shares of company stock valued at $122,710,980. 1.37% of the stock is currently owned by company insiders.

Netflix Trading Down 0.1%

NASDAQ NFLX opened at $1,219.03 on Tuesday. The business has a 50 day simple moving average of $1,211.81 and a 200 day simple moving average of $1,171.80. Netflix, Inc. has a one year low of $677.88 and a one year high of $1,341.15. The stock has a market capitalization of $518.00 billion, a P/E ratio of 51.94, a P/E/G 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 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $11.04 billion. During the same quarter last year, the firm posted $4.88 earnings per share. The company’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. Research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Jefferies Financial Group reiterated a “buy” rating on shares of Netflix in a research report on Thursday, September 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of Netflix in a research report on Wednesday, October 8th. Rosenblatt Securities increased their price target on Netflix from $1,514.00 to $1,515.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Loop Capital raised Netflix from a “hold” rating to a “buy” rating and increased their price target for the company from $1,150.00 to $1,350.00 in a research note on Wednesday, September 17th. Finally, Wells Fargo & Company increased their price target on Netflix from $1,500.00 to $1,560.00 and gave the company an “overweight” rating in a research note on Friday, July 18th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,337.63.

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.