Corrado Advisors LLC Buys Shares of 185 Netflix, Inc. $NFLX

Corrado Advisors LLC bought a new stake in Netflix, Inc. (NASDAQ:NFLX) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 185 shares of the Internet television network’s stock, valued at approximately $248,000.

Several other hedge funds have also recently made changes to their positions in the company. Optima Capital LLC raised its stake in shares of Netflix by 3.5% in the second quarter. Optima Capital LLC now owns 239 shares of the Internet television network’s stock valued at $320,000 after buying an additional 8 shares during the period. Unified Investment Management raised its stake in shares of Netflix by 1.7% in the second quarter. Unified Investment Management now owns 474 shares of the Internet television network’s stock valued at $635,000 after buying an additional 8 shares during the period. Plancorp LLC raised its stake in shares of Netflix by 0.6% in the second quarter. Plancorp LLC now owns 1,278 shares of the Internet television network’s stock valued at $1,711,000 after buying an additional 8 shares during the period. Five Oceans Advisors raised its stake in shares of Netflix by 1.1% in the second quarter. Five Oceans Advisors now owns 751 shares of the Internet television network’s stock valued at $1,006,000 after buying an additional 8 shares during the period. Finally, Old Port Advisors raised its stake in shares of Netflix by 1.3% during the 2nd quarter. Old Port Advisors now owns 624 shares of the Internet television network’s stock valued at $836,000 after purchasing an additional 8 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Theodore A. Sarandos sold 2,026 shares of the company’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the completion of the transaction, the chief executive officer directly owned 15,168 shares in the company, valued at approximately $17,604,284.16. This represents a 11.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of the company’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $1,162.40, for a total value of $3,023,402.40. Following the completion of the transaction, the chief financial officer owned 3,691 shares of the company’s stock, valued at $4,290,418.40. The trade was a 41.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 104,100 shares of company stock worth $122,710,980. 1.37% of the stock is owned by corporate insiders.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $1,102.50 on Wednesday. The firm has a market capitalization of $467.16 billion, a P/E ratio of 46.05, a P/E/G ratio of 1.89 and a beta of 1.59. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.56. The stock’s 50-day simple moving average is $1,201.97 and its two-hundred day simple moving average is $1,191.47. Netflix, Inc. has a twelve month low of $747.77 and a twelve month high of $1,341.15.

Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share for the quarter, missing analysts’ consensus estimates of $6.88 by ($1.01). The business had revenue of $11.51 billion during the quarter, compared to the consensus estimate of $11.52 billion. Netflix had a return on equity of 41.86% and a net margin of 24.05%.Netflix’s revenue was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $5.40 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. As a group, equities analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on NFLX shares. Guggenheim reiterated a “buy” rating and set a $1,450.00 price objective on shares of Netflix in a research note on Wednesday, October 22nd. Morgan Stanley set a $1,500.00 price objective on Netflix in a research note on Monday, October 13th. JPMorgan Chase & Co. decreased their price objective on Netflix from $1,300.00 to $1,275.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 22nd. Argus set a $1,410.00 price objective on Netflix in a research note on Thursday, October 23rd. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $1,525.00 price objective on shares of Netflix in a research note on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,344.64.

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.