Netflix, Inc. $NFLX Shares Acquired by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC increased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 52.1% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,524 shares of the Internet television network’s stock after purchasing an additional 865 shares during the period. Daymark Wealth Partners LLC’s holdings in Netflix were worth $3,380,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the company. BG Investment Services Inc. bought a new stake in shares of Netflix during the second quarter valued at about $338,000. Resurgent Financial Advisors LLC raised its stake in shares of Netflix by 234.4% during the first quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network’s stock valued at $942,000 after purchasing an additional 708 shares in the last quarter. MRA Advisory Group raised its stake in shares of Netflix by 28.4% during the second quarter. MRA Advisory Group now owns 919 shares of the Internet television network’s stock valued at $1,231,000 after purchasing an additional 203 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of Netflix by 42.1% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 441,861 shares of the Internet television network’s stock valued at $412,059,000 after purchasing an additional 130,946 shares in the last quarter. Finally, Sava Infond d.o.o. raised its stake in shares of Netflix by 25.1% during the second quarter. Sava Infond d.o.o. now owns 1,495 shares of the Internet television network’s stock valued at $2,002,000 after purchasing an additional 300 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Netflix Trading Down 0.2%

Shares of NFLX opened at $1,100.41 on Thursday. The business’s 50-day moving average price is $1,199.70 and its 200 day moving average price is $1,192.74. The stock has a market capitalization of $466.28 billion, a P/E ratio of 45.97, a P/E/G ratio of 1.91 and a beta of 1.59. Netflix, Inc. has a 1-year low of $747.77 and a 1-year high of $1,341.15. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share for the quarter, missing analysts’ consensus estimates of $6.88 by ($1.01). The company 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 company’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same period in the prior year, the business posted $5.40 EPS. 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.

Insider Transactions at Netflix

In related news, insider David A. Hyman sold 424 shares of Netflix stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,158.67, for a total value of $491,276.08. Following the transaction, the insider owned 31,610 shares of the company’s stock, valued at approximately $36,625,558.70. This trade represents a 1.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Theodore A. Sarandos sold 2,026 shares of Netflix 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 completion of the transaction, the chief executive officer directly owned 15,168 shares in the company, valued at $17,604,284.16. This represents a 11.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 104,100 shares of company stock worth $122,710,980 in the last three months. Insiders own 1.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on NFLX shares. Barclays restated a “sell” rating and set a $1,100.00 price objective (up from $1,000.00) on shares of Netflix in a research note on Wednesday, July 9th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Netflix in a report on Wednesday, October 8th. Citigroup reaffirmed a “neutral” rating and set a $1,295.00 target price (up from $1,280.00) on shares of Netflix in a report on Friday, October 3rd. Phillip Securities lowered Netflix from a “hold” rating to a “strong sell” rating in a report on Monday, July 21st. Finally, Sanford C. Bernstein reaffirmed a “buy” rating on shares of Netflix in a report on Friday, October 17th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,341.12.

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.