Ballast Advisors LLC Raises Stock Position in Netflix, Inc. $NFLX

Ballast Advisors LLC boosted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 619 shares of the Internet television network’s stock after acquiring an additional 19 shares during the period. Ballast Advisors LLC’s holdings in Netflix were worth $829,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of NFLX. Brighton Jones LLC grew its stake in Netflix by 5.0% in the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock worth $4,804,000 after buying an additional 257 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in Netflix by 16.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock worth $912,000 after buying an additional 144 shares in the last quarter. GAMMA Investing LLC grew its stake in Netflix by 17.6% in the 1st quarter. GAMMA Investing LLC now owns 9,475 shares of the Internet television network’s stock worth $8,836,000 after buying an additional 1,415 shares in the last quarter. Creative Financial Designs Inc. ADV grew its stake in Netflix by 6.2% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 465 shares of the Internet television network’s stock worth $434,000 after buying an additional 27 shares in the last quarter. Finally, Trust Co. of Vermont grew its stake in Netflix by 6.0% in the 1st quarter. Trust Co. of Vermont now owns 604 shares of the Internet television network’s stock worth $563,000 after buying an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Trading Down 1.7%

NASDAQ:NFLX opened at $1,094.69 on Friday. The company has a fifty day moving average of $1,207.21 and a 200 day moving average of $1,187.47. Netflix, Inc. has a 52 week low of $747.77 and a 52 week high of $1,341.15. The company has a quick ratio of 1.34, a current ratio of 1.33 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $463.85 billion, a P/E ratio of 45.73, a P/E/G ratio of 1.89 and a beta of 1.59.

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 net margin of 24.05% and a return on equity of 41.86%. The firm had revenue of $11.51 billion for the quarter, compared to the consensus estimate of $11.52 billion. During the same quarter in the prior year, the company earned $5.40 earnings per share. The company’s quarterly revenue was up 17.2% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. On average, research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on NFLX. Sanford C. Bernstein reissued a “buy” rating on shares of Netflix in a research note on Friday, October 17th. Argus set a $1,410.00 target price on shares of Netflix in a research report on Thursday. Phillip Securities downgraded shares of Netflix from a “hold” rating to a “strong sell” rating in a research note on Monday, July 21st. Canaccord Genuity Group reiterated a “buy” rating and issued a $1,525.00 price objective on shares of Netflix in a report on Wednesday. Finally, Benchmark reiterated a “hold” rating on shares of Netflix in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,352.78.

Insider Buying and Selling

In related news, Director Reed Hastings sold 42,176 shares of the stock in a transaction dated 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 directly owned 394 shares of the company’s stock, valued at $461,736.48. This represents a 99.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider David A. Hyman sold 424 shares of the stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the completion of the transaction, the insider owned 31,610 shares of the company’s stock, valued at approximately $36,625,558.70. The trade was a 1.32% 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 quarter. 1.37% of the stock is currently owned by insiders.

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.