Centaurus Financial Inc. Has $13.43 Million Stock Position in Netflix, Inc. $NFLX

Centaurus Financial Inc. boosted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 16.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 139,717 shares of the Internet television network’s stock after buying an additional 19,684 shares during the quarter. Centaurus Financial Inc.’s holdings in Netflix were worth $13,434,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Bull Harbor Capital LLC bought a new position in Netflix in the first quarter valued at approximately $429,000. Strategic Investment Advisors MI raised its position in shares of Netflix by 14.2% during the 1st quarter. Strategic Investment Advisors MI now owns 7,626 shares of the Internet television network’s stock valued at $776,000 after acquiring an additional 950 shares during the last quarter. South Dakota Investment Council raised its position in shares of Netflix by 433.9% during the 1st quarter. South Dakota Investment Council now owns 85,022 shares of the Internet television network’s stock valued at $8,175,000 after acquiring an additional 69,098 shares during the last quarter. Altshuler Shaham Ltd lifted its stake in shares of Netflix by 109.3% in the 1st quarter. Altshuler Shaham Ltd now owns 895,060 shares of the Internet television network’s stock valued at $86,060,000 after purchasing an additional 467,384 shares during the period. Finally, Smith Group Asset Management LLC lifted its stake in shares of Netflix by 7.4% in the 1st quarter. Smith Group Asset Management LLC now owns 432,263 shares of the Internet television network’s stock valued at $41,562,000 after purchasing an additional 29,906 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NFLX has been the subject of a number of analyst reports. Stephens initiated coverage on Netflix in a research note on Friday, July 17th. They set an “overweight” rating for the company. Raymond James Financial reissued a “market perform” rating on shares of Netflix in a research note on Thursday, May 14th. Guggenheim set a $75.00 target price on Netflix and gave the stock a “buy” rating in a report on Friday, July 17th. Robert W. Baird set a $90.00 target price on Netflix and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. Finally, Jefferies Financial Group decreased their target price on Netflix from $128.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday, June 10th. Four research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, seventeen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $103.48.

Insider Buying and Selling

In other news, Director Bradford L. Smith sold 35,990 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $77.52, for a total transaction of $2,789,944.80. Following the sale, the director owned 79,690 shares of the company’s stock, valued at $6,177,568.80. This trade represents a 31.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Spencer Adam Neumann sold 9,253 shares of Netflix stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $88.95, for a total value of $823,054.35. Following the transaction, the chief financial officer owned 73,787 shares in the company, valued at $6,563,353.65. This trade represents a 11.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 899,839 shares of company stock valued at $80,141,661. 1.24% of the stock is owned by company insiders.

Netflix Price Performance

NFLX opened at $73.63 on Thursday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.39. Netflix, Inc. has a 12 month low of $65.08 and a 12 month high of $126.71. The company has a fifty day simple moving average of $77.32 and a 200 day simple moving average of $85.62. The stock has a market cap of $306.59 billion, a P/E ratio of 23.18, a P/E/G ratio of 0.91 and a beta of 1.52.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, July 16th. The Internet television network reported $0.80 EPS for the quarter, topping the consensus estimate of $0.79 by $0.01. The business had revenue of $12.56 billion for the quarter, compared to the consensus estimate of $12.58 billion. Netflix had a return on equity of 40.02% and a net margin of 28.22%.The firm’s revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.72 EPS. On average, research analysts expect that Netflix, Inc. will post 3.59 EPS for the current year.

Key Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix is reportedly paying approximately $200 million for U.S. and Canadian broadcast rights to the 2027 FIFA Women’s World Cup. The deal could expand its live-programming offering, attract new viewers and support advertising growth. Netflix to pay $200M for US Women’s World Cup broadcast rights
• Positive Sentiment: Analysts and commentators continue to point to Netflix’s selective live-content strategy, growing ad business, strong cash generation and share repurchases as potential long-term earnings drivers. One market commentator also named NFLX as a preferred trade. Netflix’s Live Content Push
• Positive Sentiment: Netflix overtook the BBC as the top viewing choice among U.K. audiences in an Ofcom report, supporting the company’s international reach and engagement. Netflix overtakes BBC in U.K. viewing
• Positive Sentiment: Canada appears poised to eliminate a levy on streaming companies, which could reduce Netflix’s regulatory and content-related costs in that market. Netflix tax to be cut in Canada
• Neutral Sentiment: LVMH CEO Bernard Arnault disclosed that he once owned nearly 20% of Netflix but sold too early. The anecdote may draw attention to Netflix’s historical returns, but it has no direct effect on the company’s current fundamentals. Bernard Arnault’s former Netflix stake
• Negative Sentiment: Netflix’s latest quarterly revenue slightly missed Wall Street expectations, while disappointing third-quarter guidance reinforced concerns that the company’s rapid growth phase is slowing. Netflix’s growth outlook
• Negative Sentiment: Erste Group lowered its 2027 EPS estimate and maintained a “Hold” rating. Other coverage argues Roku currently offers a stronger risk-reward profile because of its lower valuation and raised guidance. NFLX versus Roku
• Negative Sentiment: Questions about declining season-two viewership, including for “Ransom Canyon,” raise concerns about content durability and Netflix’s ability to sustain engagement without continuously increasing spending. Ransom Canyon viewership concerns

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.