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

Parallel Advisors LLC grew its stake in Netflix, Inc. (NASDAQ:NFLX) by 3.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 328,156 shares of the Internet television network’s stock after purchasing an additional 10,290 shares during the quarter. Parallel Advisors LLC’s holdings in Netflix were worth $31,552,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of NFLX. Imprint Wealth LLC bought a new position in Netflix in the third quarter worth about $25,000. Wealth Watch Advisors INC purchased a new stake in Netflix in the third quarter worth about $103,000. Strategic Wealth Investment Group LLC bought a new stake in Netflix during the 2nd quarter valued at approximately $121,000. Wiser Advisor Group LLC bought a new stake in Netflix during the 3rd quarter valued at approximately $114,000. Finally, Beaird Harris Wealth Management LLC grew its holdings in shares of Netflix by 9.6% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 114 shares of the Internet television network’s stock worth $137,000 after acquiring an additional 10 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Spencer Adam Neumann sold 9,253 shares of the firm’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $88.95, for a total transaction of $823,054.35. Following the completion of the transaction, the chief financial officer directly owned 73,787 shares in the company, valued at $6,563,353.65. This trade represents a 11.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Reed Hastings sold 386,700 shares of Netflix stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $85.97, for a total value of $33,244,599.00. Following the completion of the transaction, the director directly owned 3,940 shares of the company’s stock, valued at approximately $338,721.80. This represents a 98.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 899,839 shares of company stock valued at $80,141,661. Company insiders own 1.24% of the company’s stock.

Key Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Some analysts remain bullish, arguing Netflix still has strong long-term upside from margin expansion, advertising growth, and new engagement-driven content formats. Mark Mahaney Reiterates Buy on Netflix
• Positive Sentiment: Supportive commentary highlighted Netflix’s AI, ads, short-form video, and gaming strategy as potential growth catalysts for monetization and engagement. Ad Engagement & Content Opportunities Offer Bullish Edge for NFLX
• Neutral Sentiment: Several analysts cut price targets but mostly kept buy/overweight or hold ratings, signaling lower near-term expectations rather than a full thesis break. Laura Martin Maintains Buy on Netflix
• Negative Sentiment: Netflix’s weaker Q3 outlook and reduced engagement disclosure sparked concern that growth is slowing and management is becoming less transparent with investors. Netflix third-quarter earnings forecast falls shy of Wall Street expectations
• Negative Sentiment: Coverage across the market emphasized the post-earnings selloff, citing a revenue miss, soft guidance, and investor worries about future growth and competition. U.S. Chip Stocks Extend Slide; Netflix Tumbles on Growth Warning

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on NFLX shares. Pivotal Research decreased their target price on Netflix from $96.00 to $70.00 and set a “hold” rating for the company in a research report on Friday. JPMorgan Chase & Co. dropped their price target on Netflix from $118.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday. Wells Fargo & Company set a $80.00 price target on Netflix and gave the stock an “equal weight” rating in a research note on Friday. DZ Bank reiterated a “buy” rating on shares of Netflix in a report on Friday, April 17th. Finally, Piper Sandler reissued an “overweight” rating and set a $85.00 price objective (down from $115.00) on shares of Netflix in a research report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating and sixteen have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $103.97.

Netflix Price Performance

NFLX stock opened at $68.95 on Monday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.41 and a current ratio of 1.14. The firm has a 50 day moving average price of $80.15 and a 200-day moving average price of $86.85. Netflix, Inc. has a 52-week low of $65.08 and a 52-week high of $126.71. The firm has a market capitalization of $290.33 billion, a price-to-earnings ratio of 21.70, a PEG ratio of 0.88 and a beta of 1.52.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.01. Netflix had a return on equity of 40.02% and a net margin of 28.22%.The company had revenue of $12.56 billion for the quarter, compared to the consensus estimate of $12.58 billion. During the same quarter in the prior year, the business posted $0.72 EPS. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. Equities research analysts forecast that Netflix, Inc. will post 3.6 EPS for the current fiscal year.

About Netflix

Netflix, Inc (NASDAQ: NFLX) is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company’s primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.