MRA Advisory Group Has $214,000 Holdings in Netflix, Inc. $NFLX

MRA Advisory Group cut its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 72.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,992 shares of the Internet television network’s stock after selling 7,944 shares during the period. MRA Advisory Group’s holdings in Netflix were worth $214,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Turning Point Benefit Group Inc. grew its position in shares of Netflix by 13,400.0% in the 4th quarter. Turning Point Benefit Group Inc. now owns 270 shares of the Internet television network’s stock valued at $25,000 after purchasing an additional 268 shares during the period. Imprint Wealth LLC acquired a new stake in Netflix during the 3rd quarter worth approximately $25,000. Cornerstone Financial Management LLC bought a new position in Netflix in the fourth quarter valued at approximately $26,000. Atlas Capital Advisors Inc. bought a new position in Netflix in the fourth quarter valued at approximately $26,000. Finally, Jessup Wealth Management Inc bought a new position in Netflix in the fourth quarter valued at approximately $27,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NFLX. Robert W. Baird set a $90.00 price objective on shares of Netflix and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. Weiss Ratings cut shares of Netflix from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, June 26th. The Goldman Sachs Group cut shares of Netflix from an “underweight” rating to a “sell” rating in a research report on Monday, July 20th. CLSA assumed coverage on shares of Netflix in a research note on Monday, July 20th. They issued an “outperform” rating for the company. Finally, New Street Research increased their target price on Netflix from $96.00 to $102.00 in a report on Friday, April 17th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, seventeen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Netflix has an average rating of “Moderate Buy” and a consensus price target of $103.48.

Netflix Stock Performance

Shares of NFLX stock opened at $74.14 on Friday. Netflix, Inc. has a 12 month low of $65.08 and a 12 month high of $126.71. The company’s fifty day simple moving average is $75.32 and its 200-day simple moving average is $84.88. The firm has a market cap of $308.71 billion, a PE ratio of 23.34, a P/E/G ratio of 0.93 and a beta of 1.52. 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 (NASDAQ:NFLX) last released its earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.01. Netflix had a net margin of 28.22% and a return on equity of 40.02%. The business had revenue of $12.56 billion during the quarter, compared to the consensus estimate of $12.58 billion. During the same quarter last year, the firm earned $0.72 earnings per share. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. Equities research analysts expect that Netflix, Inc. will post 3.59 EPS for the current fiscal year.

Insider Activity at Netflix

In related news, CEO Gregory K. Peters sold 27,312 shares of the company’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $73.54, for a total transaction of $2,008,524.48. Following the sale, the chief executive officer owned 120,931 shares in the company, valued at approximately $8,893,265.74. This represents a 18.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider David A. Hyman sold 5,723 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $72.85, for a total value of $416,920.55. Following the transaction, the insider directly owned 316,100 shares of the company’s stock, valued at $23,027,885. This trade represents a 1.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 591,047 shares of company stock worth $48,355,766. Corporate insiders own 1.24% of the company’s stock.

Netflix News Summary

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

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.