Netflix, Inc. $NFLX Shares Acquired by Sovereign Financial Group Inc.

Sovereign Financial Group Inc. grew its stake in Netflix, Inc. (NASDAQ:NFLX) by 23.6% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,491 shares of the Internet television network’s stock after purchasing an additional 285 shares during the period. Sovereign Financial Group Inc.’s holdings in Netflix were worth $1,997,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Concurrent Investment Advisors LLC boosted its holdings in shares of Netflix by 25.2% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 17,705 shares of the Internet television network’s stock valued at $23,709,000 after buying an additional 3,559 shares in the last quarter. Cerro Pacific Wealth Advisors LLC boosted its holdings in shares of Netflix by 6.5% in the 2nd quarter. Cerro Pacific Wealth Advisors LLC now owns 1,075 shares of the Internet television network’s stock valued at $1,440,000 after buying an additional 66 shares in the last quarter. waypoint wealth counsel boosted its holdings in shares of Netflix by 13.2% in the 2nd quarter. waypoint wealth counsel now owns 627 shares of the Internet television network’s stock valued at $840,000 after buying an additional 73 shares in the last quarter. AdviceOne Advisory Services LLC acquired a new position in shares of Netflix in the 2nd quarter valued at $201,000. Finally, Apollon Financial LLC acquired a new position in shares of Netflix in the 2nd quarter valued at $368,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Down 0.9%

Shares of Netflix stock opened at $1,220.08 on Friday. The company has a market cap of $518.44 billion, a P/E ratio of 51.98, a PEG ratio of 2.05 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. Netflix, Inc. has a one year low of $677.88 and a one year high of $1,341.15. The firm has a fifty day moving average of $1,210.84 and a two-hundred day moving average of $1,168.46.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping analysts’ consensus estimates of $7.07 by $0.12. The company 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%. Netflix’s quarterly revenue was up 15.9% on a year-over-year basis. 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. On average, analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Activity at Netflix

In other Netflix news, CFO Spencer Adam Neumann sold 2,601 shares of the company’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $1,162.40, for a total transaction of $3,023,402.40. Following the completion of the transaction, the chief financial officer owned 3,691 shares in the company, valued at approximately $4,290,418.40. This represents a 41.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Reed Hastings sold 42,176 shares of the company’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total transaction of $49,426,897.92. Following the transaction, the director owned 394 shares of the company’s stock, valued at approximately $461,736.48. The trade was a 99.07% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,100 shares of company stock worth $122,710,980 in the last 90 days. Corporate insiders own 1.37% of the company’s stock.

Analyst Upgrades and Downgrades

NFLX has been the subject of several research analyst reports. Canaccord Genuity Group restated a “buy” rating on shares of Netflix in a report on Thursday, July 10th. Wells Fargo & Company increased their price target on shares of Netflix from $1,500.00 to $1,560.00 and gave the stock an “overweight” rating in a research note on Friday, July 18th. JPMorgan Chase & Co. increased their price target on shares of Netflix from $1,230.00 to $1,300.00 and gave the stock a “neutral” rating in a research note on Friday, July 18th. Phillip Securities cut shares of Netflix from a “hold” rating to a “strong sell” rating in a research note on Monday, July 21st. Finally, Morgan Stanley reiterated an “equal weight” rating on shares of Netflix in a research note on Monday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Netflix presently has an average rating of “Moderate Buy” and a consensus price target of $1,337.63.

Netflix Company 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.