Ranch Capital Advisors Inc. Has $1.16 Million Stake in Netflix, Inc. $NFLX

Ranch Capital Advisors Inc. boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 25.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 866 shares of the Internet television network’s stock after purchasing an additional 175 shares during the period. Ranch Capital Advisors Inc.’s holdings in Netflix were worth $1,160,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Optima Capital LLC lifted its holdings in Netflix by 3.5% during the second quarter. Optima Capital LLC now owns 239 shares of the Internet television network’s stock worth $320,000 after acquiring an additional 8 shares in the last quarter. Unified Investment Management lifted its holdings in Netflix by 1.7% during the second quarter. Unified Investment Management now owns 474 shares of the Internet television network’s stock worth $635,000 after acquiring an additional 8 shares in the last quarter. Plancorp LLC lifted its holdings in Netflix by 0.6% during the second quarter. Plancorp LLC now owns 1,278 shares of the Internet television network’s stock worth $1,711,000 after acquiring an additional 8 shares in the last quarter. Five Oceans Advisors raised its stake in shares of Netflix by 1.1% in the 2nd quarter. Five Oceans Advisors now owns 751 shares of the Internet television network’s stock valued at $1,006,000 after purchasing an additional 8 shares during the period. Finally, Old Port Advisors raised its stake in shares of Netflix by 1.3% in the 2nd quarter. Old Port Advisors now owns 624 shares of the Internet television network’s stock valued at $836,000 after purchasing an additional 8 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Insider Activity at Netflix

In other news, Director Reed Hastings sold 42,176 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total transaction of $49,426,897.92. Following the completion of the sale, the director owned 394 shares in the company, valued at $461,736.48. The trade was a 99.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Theodore A. Sarandos sold 2,026 shares of the business’s stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the completion of the sale, the chief executive officer owned 15,168 shares of the company’s stock, valued at approximately $17,604,284.16. This trade represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 104,100 shares of company stock valued at $122,710,980. Insiders own 1.37% of the company’s stock.

Analyst Ratings Changes

NFLX has been the topic of several recent research reports. Zacks Research downgraded Netflix from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 1st. Morgan Stanley set a $1,500.00 price target on Netflix in a research note on Monday, October 13th. TD Cowen lowered their target price on Netflix from $1,450.00 to $1,425.00 and set a “buy” rating on the stock in a research report on Tuesday, October 7th. The Goldman Sachs Group lowered their target price on Netflix from $1,310.00 to $1,300.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 30th. Finally, Loop Capital raised Netflix from a “hold” rating to a “buy” rating and lifted their target price for the company from $1,150.00 to $1,350.00 in a research report on Wednesday, September 17th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,352.78.

Netflix Trading Down 1.7%

Netflix stock opened at $1,094.69 on Friday. Netflix, Inc. has a 52 week low of $747.77 and a 52 week high of $1,341.15. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.34 and a current ratio of 1.33. The stock has a market capitalization of $463.85 billion, a P/E ratio of 45.73, a PEG ratio of 1.92 and a beta of 1.59. The stock has a 50-day simple moving average of $1,207.21 and a 200 day simple moving average of $1,185.28.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Tuesday, October 21st. The Internet television network reported $5.87 EPS for the quarter, missing analysts’ consensus estimates of $6.88 by ($1.01). Netflix had a return on equity of 41.86% and a net margin of 24.05%.The business had revenue of $11.51 billion for the quarter, compared to the consensus estimate of $11.52 billion. During the same quarter in the previous year, the business posted $5.40 EPS. The company’s revenue for the quarter was up 17.2% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. Analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

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.