Resonant Capital Advisors LLC Acquires 8,233 Shares of Netflix, Inc. $NFLX

Resonant Capital Advisors LLC boosted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 37.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,169 shares of the Internet television network’s stock after purchasing an additional 8,233 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Netflix were worth $2,901,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Imprint Wealth LLC purchased a new stake in shares of Netflix in the third quarter worth $25,000. Promus Capital LLC bought a new position in shares of Netflix during the third quarter valued at $48,000. Wealth Watch Advisors INC purchased a new position in shares of Netflix in the 3rd quarter worth about $103,000. Strategic Wealth Investment Group LLC purchased a new position in shares of Netflix in the 2nd quarter worth about $121,000. Finally, Tortoise Investment Management LLC boosted its stake in Netflix by 10.8% in the 3rd quarter. Tortoise Investment Management LLC now owns 92 shares of the Internet television network’s stock worth $110,000 after purchasing an additional 9 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on NFLX shares. Citic Securities increased their price objective on shares of Netflix from $95.00 to $107.00 and gave the company a “hold” rating in a research report on Monday, April 27th. Wells Fargo & Company initiated coverage on shares of Netflix in a report on Monday, March 9th. They issued an “equal weight” rating and a $105.00 target price for the company. Sanford C. Bernstein reiterated an “outperform” rating on shares of Netflix in a research note on Thursday, June 4th. Jefferies Financial Group cut their price target on shares of Netflix from $128.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday, June 10th. Finally, Piper Sandler reissued an “overweight” rating and set a $115.00 price target (up from $103.00) on shares of Netflix in a research report on Friday, April 17th. Two research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $114.26.

Netflix Stock Performance

Netflix stock traded up $1.19 during midday trading on Tuesday, hitting $77.20. The stock had a trading volume of 12,557,076 shares, compared to its average volume of 45,166,914. Netflix, Inc. has a 52-week low of $70.86 and a 52-week high of $129.32. The company has a market capitalization of $325.09 billion, a PE ratio of 24.85, a P/E/G ratio of 0.99 and a beta of 1.52. The firm’s fifty day moving average is $83.46 and its two-hundred day moving average is $88.25. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.43.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, April 16th. The Internet television network reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.47. The business had revenue of $12.25 billion during the quarter, compared to analyst estimates of $12.17 billion. Netflix had a net margin of 28.52% and a return on equity of 40.92%. The company’s revenue was up 16.2% on a year-over-year basis. During the same period in the prior year, the business posted $6.61 earnings per share. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. On average, research analysts forecast that Netflix, Inc. will post 3.6 EPS for the current year.

Insider Activity at Netflix

In related news, Director Bradford L. Smith sold 35,990 shares of Netflix stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $77.52, for a total transaction of $2,789,944.80. Following the transaction, the director owned 79,690 shares in the company, valued at approximately $6,177,568.80. The trade was a 31.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Spencer Adam Neumann sold 9,253 shares of the company’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 of the company’s stock, valued at $6,563,353.65. This represents a 11.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 899,839 shares of company stock worth $80,141,661 in the last 90 days. Company insiders own 1.24% of the company’s stock.

Netflix News Summary

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Several market commentators are highlighting Netflix as a buy ahead of its July 16 earnings report, citing improving ad revenue, live sports opportunities, and the potential for another strong quarter. Article Title
• Positive Sentiment: Some traders are leaning into Netflix’s defensive qualities in a softer tech market, and the stock has been edging higher despite technical resistance from a “death cross.” Article Title
• Positive Sentiment: Investor commentary on CNBC and in other pieces continues to frame Netflix as an attractive long-term growth name, with multiple articles arguing the company is trading at a compelling valuation after its pullback. Article Title
• Neutral Sentiment: Netflix is also getting attention for new content initiatives, including a “Little House on the Prairie” adaptation, which supports the company’s content pipeline but is unlikely to move the stock on its own. Article Title
• Negative Sentiment: Bearish coverage is also weighing on sentiment, with articles warning about a “second-season problem,” microdrama competition, and the risk that engagement could weaken as viewers abandon shows sooner. Article Title

Netflix Company Profile

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.