Private Client Services LLC Has $636,000 Position in Netflix, Inc. $NFLX

Private Client Services LLC increased its position in Netflix, Inc. (NASDAQ:NFLX) by 69.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 475 shares of the Internet television network’s stock after buying an additional 194 shares during the period. Private Client Services LLC’s holdings in Netflix were worth $636,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Netflix by 1.4% in the first quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network’s stock worth $35,433,585,000 after buying an additional 509,255 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Netflix by 2.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,732,066 shares of the Internet television network’s stock worth $10,940,505,000 after buying an additional 304,399 shares during the last quarter. GAMMA Investing LLC increased its holdings in Netflix by 109,524.3% in the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network’s stock worth $8,239,576,000 after buying an additional 8,827,662 shares during the last quarter. Alliancebernstein L.P. increased its holdings in Netflix by 1.0% in the first quarter. Alliancebernstein L.P. now owns 5,194,939 shares of the Internet television network’s stock worth $4,844,436,000 after buying an additional 53,611 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in Netflix by 8.3% in the first quarter. Invesco Ltd. now owns 4,664,818 shares of the Internet television network’s stock worth $4,350,083,000 after buying an additional 356,617 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Wells Fargo & Company increased their price objective on Netflix from $1,500.00 to $1,560.00 and gave the stock an “overweight” rating in a report on Friday, July 18th. Seaport Res Ptn downgraded Netflix from a “strong-buy” rating to a “hold” rating in a report on Sunday, July 6th. Citigroup reiterated a “neutral” rating and set a $1,250.00 price target (up previously from $1,020.00) on shares of Netflix in a report on Thursday, May 29th. Bank of America increased their price target on Netflix from $1,175.00 to $1,490.00 and gave the company a “buy” rating in a report on Friday, May 30th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $1,425.00 price target (up previously from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and an average price target of $1,317.58.

Insiders Place Their Bets

In other news, insider Cletus R. Willems sold 238 shares of the firm’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total value of $274,537.76. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Reed Hastings sold 25,959 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $1,207.71, for a total transaction of $31,350,943.89. Following the completion of the sale, the director owned 394 shares in the company, valued at approximately $475,837.74. The trade was a 98.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 89,348 shares of company stock valued at $109,498,489 in the last 90 days. 1.37% of the stock is currently owned by corporate insiders.

Netflix Trading Down 1.3%

Shares of Netflix stock opened at $1,188.44 on Friday. The company’s fifty day simple moving average is $1,218.15 and its 200-day simple moving average is $1,131.45. The company has a market cap of $505.00 billion, a price-to-earnings ratio of 50.64, a PEG ratio of 2.03 and a beta of 1.60. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 1 year low of $677.88 and a 1 year high of $1,341.15.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.07 by $0.12. The business had revenue of $11.08 billion for 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 last year, the company posted $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, sell-side analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Netflix 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.