Relyea Zuckerberg Hanson LLC Grows Stock Position in Netflix, Inc. $NFLX

Relyea Zuckerberg Hanson LLC lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 8.0% during the second quarter, Holdings Channel.com reports. The fund owned 1,168 shares of the Internet television network’s stock after acquiring an additional 87 shares during the period. Relyea Zuckerberg Hanson LLC’s holdings in Netflix were worth $1,564,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of NFLX. Brighton Jones LLC grew its position in Netflix by 5.0% during the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock worth $4,804,000 after purchasing an additional 257 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of Netflix by 16.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock worth $912,000 after buying an additional 144 shares during the last quarter. Princeton Global Asset Management LLC lifted its stake in shares of Netflix by 517.0% during the first quarter. Princeton Global Asset Management LLC now owns 290 shares of the Internet television network’s stock worth $270,000 after buying an additional 243 shares during the period. Sivia Capital Partners LLC grew its holdings in shares of Netflix by 4.6% during the first quarter. Sivia Capital Partners LLC now owns 1,160 shares of the Internet television network’s stock valued at $1,081,000 after buying an additional 51 shares during the last quarter. Finally, Clean Yield Group grew its holdings in shares of Netflix by 31.0% during the first quarter. Clean Yield Group now owns 2,401 shares of the Internet television network’s stock valued at $2,239,000 after buying an additional 568 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Pivotal Research restated a “buy” rating on shares of Netflix in a research note on Thursday, July 10th. Canaccord Genuity Group reissued a “buy” rating on shares of Netflix in a report on Thursday, July 10th. Wells Fargo & Company raised their price objective on Netflix from $1,500.00 to $1,560.00 and gave the stock an “overweight” rating in a research note on Friday, July 18th. Morgan Stanley reiterated an “equal weight” rating on shares of Netflix in a research report on Monday, July 21st. Finally, Robert W. Baird increased their price target on shares of Netflix from $1,300.00 to $1,500.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,335.00.

Netflix Stock Down 0.8%

NASDAQ NFLX opened at $1,153.32 on Monday. The business has a fifty day moving average price of $1,207.36 and a 200 day moving average price of $1,161.81. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. The company has a market cap of $490.08 billion, a P/E ratio of 49.14, a P/E/G ratio of 1.94 and a beta of 1.59. Netflix, Inc. has a one year low of $677.88 and a one year high of $1,341.15.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.07 by $0.12. The business had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other Netflix news, CFO Spencer Adam Neumann sold 2,601 shares of the business’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $1,162.40, for a total transaction of $3,023,402.40. Following the transaction, the chief financial officer owned 3,691 shares of the company’s stock, valued at approximately $4,290,418.40. The trade was a 41.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider David A. Hyman sold 424 shares of the company’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total value of $491,276.08. Following the completion of the sale, the insider owned 31,610 shares of the company’s stock, valued at approximately $36,625,558.70. The trade was a 1.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 104,100 shares of company stock worth $122,710,980. 1.37% of the stock is currently owned by insiders.

About Netflix

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.