Fund Advisors of America Inc FL Buys Shares of 13,804 Netflix, Inc. $NFLX

Fund Advisors of America Inc FL purchased a new stake in Netflix, Inc. (NASDAQ:NFLX) during the second quarter, HoldingsChannel.com reports. The firm purchased 13,804 shares of the Internet television network’s stock, valued at approximately $986,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. G2 Capital Management LLC OH acquired a new stake in shares of Netflix during the second quarter worth $751,000. Manhattan West Asset Management LLC acquired a new position in Netflix in the second quarter valued at about $3,877,000. Laidlaw Wealth Management LLC lifted its stake in Netflix by 9.9% in the second quarter. Laidlaw Wealth Management LLC now owns 5,375 shares of the Internet television network’s stock valued at $384,000 after buying an additional 485 shares during the period. C M Bidwell & Associates Ltd. acquired a new position in Netflix in the second quarter valued at about $216,000. Finally, Keebeck Wealth Management bought a new position in Netflix during the second quarter worth about $2,048,000. 80.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NFLX. Wells Fargo & Company set a $80.00 target price on Netflix and gave the stock an “equal weight” rating in a research report on Friday, July 17th. CLSA began coverage on shares of Netflix in a research report on Monday, July 20th. They issued an “outperform” rating on the stock. The Goldman Sachs Group lowered shares of Netflix from an “underweight” rating to a “sell” rating in a research note on Monday, July 20th. UBS Group decreased their price objective on shares of Netflix from $130.00 to $115.00 and set a “buy” rating for the company in a report on Friday, July 17th. Finally, Barclays lowered their target price on shares of Netflix from $85.00 to $80.00 and set an “equal weight” rating for the company in a research note on Friday, July 17th. Four research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, seventeen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $103.48.

Insider Buying and Selling at Netflix

In other Netflix news, Director Richard N. Barton sold 2,160 shares of Netflix stock in a transaction that occurred 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 of the company’s stock, valued at approximately $18,474.60. The trade was a 89.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Theodore A. Sarandos sold 27,312 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $73.35, for a total transaction of $2,003,335.20. Following the completion of the transaction, the chief executive officer owned 178,954 shares of the company’s stock, valued at $13,126,275.90. This trade represents a 13.24% 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. Insiders sold 600,295 shares of company stock worth $49,056,671 in the last quarter. Company insiders own 1.24% of the company’s stock.

Key Stories 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

Netflix Stock Down 0.7%

NASDAQ:NFLX opened at $79.59 on Friday. Netflix, Inc. has a 1 year low of $65.08 and a 1 year high of $126.71. The stock has a 50-day moving average price of $74.39 and a two-hundred day moving average price of $84.34. The stock has a market cap of $331.41 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 1.01 and a beta of 1.52. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.39.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results 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 company had revenue of $12.56 billion for the quarter, compared to analyst estimates of $12.58 billion. During the same quarter last year, the firm posted $0.72 earnings per share. Netflix’s revenue was up 13.4% compared to the same quarter last year. As a group, equities analysts expect that Netflix, Inc. will post 3.59 earnings per share for the current year.

Netflix Company Profile

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.