Robinhood Asset Management LLC Buys New Position in Netflix, Inc. $NFLX

Robinhood Asset Management LLC purchased a new stake in Netflix, Inc. (NASDAQ:NFLX) in the second quarter, HoldingsChannel.com reports. The firm purchased 127,559 shares of the Internet television network’s stock, valued at approximately $9,108,000.

Several other institutional investors have also added to or reduced their stakes in NFLX. Imprint Wealth LLC acquired a new stake in Netflix in the 3rd quarter worth approximately $25,000. Wealth Watch Advisors INC acquired a new position in Netflix during the 3rd quarter valued at approximately $103,000. Strategic Wealth Investment Group LLC acquired a new position in Netflix during the 2nd quarter valued at approximately $121,000. Wiser Advisor Group LLC purchased a new position in shares of Netflix in the third quarter worth $114,000. Finally, Beaird Harris Wealth Management LLC raised its holdings in shares of Netflix by 9.6% in the third quarter. Beaird Harris Wealth Management LLC now owns 114 shares of the Internet television network’s stock worth $137,000 after buying an additional 10 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Trading Down 0.7%

Shares of Netflix stock opened at $79.59 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a fifty day moving average price of $74.39 and a 200 day moving average price of $84.34. Netflix, Inc. has a 1 year low of $65.08 and a 1 year high of $126.71. The stock has a market cap of $331.41 billion, a PE ratio of 25.05, a price-to-earnings-growth 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 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 company had revenue of $12.56 billion for the quarter, compared to analyst estimates of $12.58 billion. During the same period in the prior year, the company earned $0.72 earnings per share. The firm’s revenue was up 13.4% on a year-over-year basis. Equities research analysts predict that Netflix, Inc. will post 3.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

NFLX has been the topic of a number of research analyst reports. Oppenheimer set a $85.00 price objective on shares of Netflix and gave the company an “outperform” rating in a report on Friday, July 17th. Sanford C. Bernstein set a $95.00 target price on Netflix and gave the stock an “outperform” rating in a research note on Friday, July 17th. Stephens started coverage on Netflix in a research report on Friday, July 17th. They set an “overweight” rating for the company. Moffett Nathanson dropped their price target on Netflix from $120.00 to $115.00 and set a “buy” rating on the stock in a research note on Wednesday, June 17th. Finally, Seaport Research Partners lowered Netflix from a “buy” rating to a “neutral” rating in a report on Monday, July 20th. Four analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, seventeen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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 Buying and Selling at Netflix

In other news, Director Bradford L. Smith sold 35,990 shares of the business’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $77.52, for a total value of $2,789,944.80. Following the completion of the transaction, the director owned 79,690 shares of the company’s stock, valued at $6,177,568.80. The trade was a 31.11% decrease in their position. 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, Director Reed Hastings sold 386,700 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $85.97, for a total value of $33,244,599.00. Following the completion of the sale, the director owned 3,940 shares in the company, valued at $338,721.80. The trade was a 98.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 600,295 shares of company stock worth $49,056,671. Insiders own 1.24% of the company’s stock.

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.