Netflix, Inc. $NFLX Shares Bought by Avity Investment Management Inc.

Avity Investment Management Inc. increased its stake in Netflix, Inc. (NASDAQ:NFLX) by 211.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 51,544 shares of the Internet television network’s stock after acquiring an additional 35,020 shares during the quarter. Avity Investment Management Inc.’s holdings in Netflix were worth $3,680,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Turning Point Benefit Group Inc. boosted 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 about $25,000. Cornerstone Financial Management LLC acquired a new stake in Netflix during the 4th quarter worth about $26,000. Atlas Capital Advisors Inc. purchased a new stake in Netflix during the fourth quarter valued at about $26,000. Finally, Jessup Wealth Management Inc purchased a new stake in Netflix during the fourth quarter valued at about $27,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Richard N. Barton sold 2,160 shares of Netflix stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $75.10, for a total value of $162,216.00. Following the transaction, the director owned 246 shares in the company, valued at $18,474.60. This trade represents a 89.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David A. Hyman sold 5,723 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $72.85, for a total transaction of $416,920.55. Following the transaction, the insider directly owned 316,100 shares of the company’s stock, valued at approximately $23,027,885. This represents a 1.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 591,047 shares of company stock valued at $48,355,766 in the last three months. Company insiders own 1.24% of the company’s stock.

Netflix Trading Up 0.6%

Shares of NASDAQ:NFLX opened at $74.14 on Friday. The firm has a fifty day moving average of $75.32 and a two-hundred day moving average of $84.88. 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 firm has a market capitalization of $308.71 billion, a P/E ratio of 23.34, a price-to-earnings-growth ratio of 0.93 and a beta of 1.52.

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on NFLX. Barclays reduced their price target on shares of Netflix from $85.00 to $80.00 and set an “equal weight” rating for the company in a research report on Friday, July 17th. UBS Group lowered their price objective on shares of Netflix from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, July 17th. TD Cowen cut their target price on shares of Netflix from $112.00 to $100.00 and set a “buy” rating on the stock in a research note on Friday, July 17th. Needham & Company LLC restated a “buy” rating on shares of Netflix in a report on Friday, April 17th. Finally, Seaport Research Partners cut Netflix from a “buy” rating to a “neutral” rating in a research report on Monday, July 20th. Four 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $103.48.

Key Stories Impacting 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

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.