10,513 Shares in Netflix, Inc. $NFLX Bought by G2 Capital Management LLC OH

G2 Capital Management LLC OH bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the 2nd quarter, Holdings Channel.com reports. The firm bought 10,513 shares of the Internet television network’s stock, valued at approximately $751,000. Netflix makes up 0.2% of G2 Capital Management LLC OH’s holdings, making the stock its 19th biggest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Imprint Wealth LLC bought a new position in Netflix during the third quarter worth $25,000. Wealth Watch Advisors INC bought a new stake in Netflix during the third quarter valued at $103,000. Strategic Wealth Investment Group LLC bought a new stake in Netflix during the second quarter valued at $121,000. Wiser Advisor Group LLC acquired a new stake in Netflix during the 3rd quarter worth about $114,000. Finally, Beaird Harris Wealth Management LLC grew its holdings in Netflix by 9.6% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 114 shares of the Internet television network’s stock worth $137,000 after acquiring an additional 10 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $79.59 on Friday. 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 twelve month low of $65.08 and a twelve month high of $126.71. The stock’s 50 day moving average is $74.39 and its 200-day moving average is $84.34. The firm has a market capitalization of $331.41 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 1.01 and a beta of 1.52.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate 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 posted $0.72 EPS. Netflix’s revenue was up 13.4% compared to the same quarter last year. Sell-side analysts forecast that Netflix, Inc. will post 3.59 EPS for the current fiscal year.

Analysts Set New Price Targets

NFLX has been the subject of several research analyst reports. Bank of America reissued a “buy” rating and issued a $125.00 price objective on shares of Netflix in a research report on Monday, May 18th. Moffett Nathanson cut their target price on Netflix from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Wednesday, June 17th. TD Cowen decreased their target price on Netflix from $112.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, July 17th. Piper Sandler reiterated an “overweight” rating and issued a $85.00 target price (down from $115.00) on shares of Netflix in a report on Friday, July 17th. Finally, Robert W. Baird set a $90.00 price target on Netflix and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Four investment analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, seventeen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $103.48.

Key Headlines Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix continues to grow faster than many streaming rivals, and its lower valuation after the selloff could provide significant upside if revenue, advertising and engagement trends remain strong. A valuation model described the current setup as potentially asymmetric in investors’ favor. Netflix Is Down 40% From Its All-Time High Could Netflix Stock Double From Here?
• Positive Sentiment: JPMorgan analyst Doug Anmuth maintained an Overweight rating and an $85 price target, citing Netflix’s content pipeline and multiple initiatives to support engagement and revenue growth. The view suggests potential upside from current levels, although the analyst sees no single catalyst guaranteeing acceleration. Netflix Has No Single Silver Bullet
• Positive Sentiment: Netflix’s advertising-supported tier and broad content offering could make the company relatively resilient during a recession, as consumers may retain lower-cost entertainment subscriptions even amid economic pressure. Which Streaming Stock Would Hold Up Better in a Recession?
• Neutral Sentiment: Representatives for Meghan of Sussex reportedly held exploratory discussions about a possible role in a third season of The Gentlemen. Netflix has not ordered the season, so the potential casting has no immediate financial impact. Meghan of Sussex Eyes Role in Netflix Show The Gentlemen
• Negative Sentiment: With Netflix no longer emphasizing subscriber numbers, investors must rely more heavily on revenue growth, advertising performance, engagement and profitability metrics. That makes it harder to assess momentum and contributes to debate over whether the stock’s decline reflects a bargain or slowing growth. Netflix Is Down 40% From Its All-Time High
• Negative Sentiment: YouTube is reportedly offering creators substantial payments and warning that simultaneous Netflix deals could jeopardize marketing support and brand-campaign revenue. This could intensify competition for exclusive content and creator attention. YouTube Offers Creators Millions to Avoid Netflix Deals

Insider Activity

In related news, CEO Gregory K. Peters sold 27,312 shares of Netflix stock in a transaction that occurred on 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 transaction, the chief executive officer owned 120,931 shares of the company’s stock, valued at $8,893,265.74. The trade was a 18.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Theodore A. Sarandos sold 105,850 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $73.03, for a total value of $7,730,225.50. Following the sale, the chief executive officer owned 206,266 shares of the company’s stock, valued at $15,063,605.98. This trade represents a 33.91% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 600,295 shares of company stock valued at $49,056,671. 1.24% of the stock is currently owned by insiders.

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.