Allen Mooney & Barnes Investment Advisors LLC Makes New $205,000 Investment in Netflix, Inc. $NFLX

Allen Mooney & Barnes Investment Advisors LLC bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the second quarter, HoldingsChannel.com reports. The firm bought 153 shares of the Internet television network’s stock, valued at approximately $205,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Resurgent Financial Advisors LLC grew its position in shares of Netflix by 234.4% during the 1st quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network’s stock worth $942,000 after purchasing an additional 708 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of Netflix by 42.1% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 441,861 shares of the Internet television network’s stock worth $412,059,000 after purchasing an additional 130,946 shares in the last quarter. PharVision Advisers LLC acquired a new position in shares of Netflix during the 4th quarter worth approximately $873,000. New England Research & Management Inc. grew its position in shares of Netflix by 148.5% during the 1st quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network’s stock worth $1,979,000 after purchasing an additional 1,268 shares in the last quarter. Finally, Westbourne Investments Inc. grew its position in shares of Netflix by 107.9% during the 1st quarter. Westbourne Investments Inc. now owns 2,408 shares of the Internet television network’s stock worth $2,246,000 after purchasing an additional 1,250 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

NFLX has been the topic of a number of analyst reports. Piper Sandler increased their target price on shares of Netflix from $1,400.00 to $1,500.00 and gave the stock an “overweight” rating in a research report on Friday, July 18th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Netflix in a report on Monday, July 21st. Seaport Res Ptn downgraded shares of Netflix from a “strong-buy” rating to a “hold” rating in a report on Sunday, July 6th. TD Cowen upped their price target on shares of Netflix from $1,440.00 to $1,450.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Finally, KeyCorp upped their price target on shares of Netflix from $1,070.00 to $1,390.00 and gave the stock an “overweight” rating in a report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $1,317.58.

Insider Buying and Selling at Netflix

In other news, CEO Theodore A. Sarandos sold 2,026 shares of the firm’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the completion of the transaction, the chief executive officer owned 15,168 shares of the company’s stock, valued at approximately $17,604,284.16. This trade represents a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 2,026 shares of the firm’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the transaction, the chief executive officer directly owned 12,781 shares of the company’s stock, valued at $14,793,240.64. The trade was a 13.68% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 89,348 shares of company stock worth $109,498,489 over the last ninety days. Insiders own 1.37% of the company’s stock.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $1,188.44 on Monday. The company has a market cap of $505.00 billion, a price-to-earnings ratio of 50.64, a PEG ratio of 2.00 and a beta of 1.60. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. The firm has a 50 day simple moving average of $1,218.15 and a 200 day simple moving average of $1,133.62. Netflix, Inc. has a one year low of $677.88 and a one year high of $1,341.15.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating the consensus estimate of $7.07 by $0.12. The business had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm’s revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.