Evanson Financial LLC Makes New $579,000 Investment in Netflix, Inc. $NFLX

Evanson Financial LLC purchased a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) during the second quarter, Holdings Channel.com reports. The firm purchased 8,114 shares of the Internet television network’s stock, valued at approximately $579,000.

Several other large investors have also recently made changes to their positions in the business. Fermata Advisors LLC lifted its holdings in shares of Netflix by 10.0% in the 2nd quarter. Fermata Advisors LLC now owns 3,452 shares of the Internet television network’s stock worth $246,000 after acquiring an additional 314 shares during the last quarter. 180 Wealth Advisors LLC grew its holdings in shares of Netflix by 2.3% during the 2nd quarter. 180 Wealth Advisors LLC now owns 23,105 shares of the Internet television network’s stock valued at $1,650,000 after purchasing an additional 526 shares during the last quarter. Mirador Capital Partners LP raised its position in Netflix by 54.4% in the 2nd quarter. Mirador Capital Partners LP now owns 114,290 shares of the Internet television network’s stock worth $8,160,000 after purchasing an additional 40,248 shares during the period. Dynamic Advisor Solutions LLC raised its position in Netflix by 58.0% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 110,338 shares of the Internet television network’s stock worth $7,878,000 after purchasing an additional 40,506 shares during the period. Finally, Tlwm raised its position in Netflix by 17.2% in the 2nd quarter. Tlwm now owns 3,750 shares of the Internet television network’s stock worth $268,000 after purchasing an additional 550 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix will exclusively premiere Grand Theft Auto VI: An Extended Look on August 27, six hours before its YouTube release. The high-profile Rockstar Games event could drive subscriber engagement, streaming traffic and broader attention to Netflix’s platform. GTA VI Extended Look to Debut on Netflix
• Positive Sentiment: Wall Street’s outlook remains moderately bullish despite NFLX’s weak recent performance. Analysts’ consensus rating is “Moderate Buy,” with an average price target of approximately $103.48, substantially above recent trading levels. Netflix Receives Moderate Buy Consensus
• Positive Sentiment: One valuation analysis estimates Netflix could be about 26% undervalued based on discounted-cash-flow and market-multiple models. A multiyear licensing agreement involving The Walking Dead universe may provide additional content and monetization opportunities. Netflix May Be Undervalued
• Neutral Sentiment: Netflix’s latest quarterly results were mixed: earnings per share narrowly beat estimates and revenue rose 13.4% year over year, but revenue slightly missed expectations. Investors may therefore remain focused on future growth and engagement trends.
• Negative Sentiment: CEO Gregory Peters sold 27,312 shares worth about $2.0 million, reducing his direct holdings by 18.42%. Director Richard Barton also sold 2,160 shares for approximately $162,000. Barton’s sale was made under a pre-arranged Rule 10b5-1 plan, limiting its significance, but the combined insider selling may still weigh on sentiment. Netflix Insider Selling
• Negative Sentiment: Netflix has underperformed the S&P 500 over the past year amid concerns about engagement, limited viewing-data disclosure and intensifying streaming competition. The shares also remain below their major moving averages, signaling continued technical pressure. Netflix Underperforms the S&P 500

Insider Buying and Selling

In related news, Director Richard N. Barton sold 2,160 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $75.10, for a total transaction of $162,216.00. Following the transaction, the director owned 246 shares in the company, valued at $18,474.60. The trade was a 89.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gregory K. Peters sold 27,312 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $73.54, for a total value of $2,008,524.48. Following the transaction, the chief executive officer directly owned 120,931 shares of the company’s stock, valued at $8,893,265.74. The trade was a 18.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 591,047 shares of company stock valued at $48,355,766 over the last ninety days. Corporate insiders own 1.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on NFLX shares. Jefferies Financial Group cut their price target on shares of Netflix from $128.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday, June 10th. Needham & Company LLC reiterated a “buy” rating on shares of Netflix in a report on Friday, April 17th. Raymond James Financial reissued a “market perform” rating on shares of Netflix in a research note on Thursday, May 14th. KGI Securities lowered Netflix from an “outperform” rating to a “neutral” rating and set a $75.00 price target on the stock. in a research report on Friday, July 17th. Finally, JPMorgan Chase & Co. decreased their price target on Netflix from $118.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, July 17th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, seventeen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $103.48.

Netflix Price Performance

Shares of Netflix stock opened at $74.14 on Friday. The firm has a market cap of $308.71 billion, a PE ratio of 23.34, a price-to-earnings-growth ratio of 0.93 and a beta of 1.52. Netflix, Inc. has a 12-month low of $65.08 and a 12-month high of $126.71. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.39. The company’s fifty day simple moving average is $75.32 and its two-hundred day simple moving average is $84.88.

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

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.