Netflix, Inc. $NFLX Shares Purchased by New York Life Investment Management LLC

New York Life Investment Management LLC raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 57,951 shares of the Internet television network’s stock after buying an additional 664 shares during the quarter. Netflix comprises about 0.7% of New York Life Investment Management LLC’s investment portfolio, making the stock its 24th biggest position. New York Life Investment Management LLC’s holdings in Netflix were worth $77,604,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of NFLX. Stephens Consulting LLC lifted its stake 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 purchasing an additional 15 shares during the period. Rossby Financial LCC purchased a new position in shares of Netflix during the 2nd quarter worth $35,000. Flaharty Asset Management LLC purchased a new position in shares of Netflix during the 1st quarter worth $37,000. Maseco LLP purchased a new position in shares of Netflix during the 2nd quarter worth $39,000. Finally, LGT Financial Advisors LLC purchased a new position in shares of Netflix during the 2nd quarter worth $40,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Performance

Netflix stock opened at $1,094.56 on Tuesday. The stock’s 50-day moving average is $1,204.20 and its 200-day moving average is $1,190.20. The company has a market cap of $463.80 billion, a price-to-earnings ratio of 45.72, a price-to-earnings-growth ratio of 1.89 and a beta of 1.59. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.33. Netflix, Inc. has a 12 month low of $747.77 and a 12 month high of $1,341.15.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data 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). The firm had revenue of $11.51 billion during the quarter, compared to analysts’ expectations of $11.52 billion. Netflix had a return on equity of 41.86% and a net margin of 24.05%.The business’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter last year, the business earned $5.40 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. Equities analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Buying and Selling

In other Netflix news, CEO Theodore A. Sarandos sold 2,026 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the transaction, the chief executive officer directly owned 15,168 shares of the company’s stock, valued at $17,604,284.16. This trade represents a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of the firm’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $1,162.40, for a total value of $3,023,402.40. Following the completion of the transaction, the chief financial officer directly 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 disclosure for this sale can be found here. Insiders sold a total of 104,100 shares of company stock valued at $122,710,980 over the last ninety days. Insiders own 1.37% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on NFLX shares. Morgan Stanley set a $1,500.00 price target on Netflix in a research note on Monday, October 13th. Cowen reissued a “buy” rating on shares of Netflix in a research note on Tuesday, October 7th. Wedbush reduced their price target on Netflix from $1,500.00 to $1,400.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 22nd. Wall Street Zen lowered Netflix from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Finally, Argus set a $1,410.00 price target on Netflix in a research note on Thursday. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,352.78.

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.