Fischer Financial Services Inc. Takes $1.55 Million Position in Netflix, Inc. $NFLX

Fischer Financial Services Inc. purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 21,767 shares of the Internet television network’s stock, valued at approximately $1,554,000. Netflix comprises about 0.4% of Fischer Financial Services Inc.’s holdings, making the stock its 27th largest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in NFLX. Turning Point Benefit Group Inc. grew its position in Netflix by 13,400.0% in the fourth quarter. Turning Point Benefit Group Inc. now owns 270 shares of the Internet television network’s stock worth $25,000 after acquiring an additional 268 shares during the period. Imprint Wealth LLC acquired a new stake in Netflix during the 3rd quarter worth approximately $25,000. Cornerstone Financial Management LLC acquired a new stake in shares of Netflix in the fourth quarter valued at $26,000. Atlas Capital Advisors Inc. purchased a new stake in Netflix during the 4th quarter worth about $26,000. Finally, Jessup Wealth Management Inc acquired a new stake in Netflix in the fourth quarter valued at approximately $27,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Phillip Securities upgraded Netflix from a “moderate buy” rating to a “strong-buy” rating in a research note on Sunday, July 19th. Oppenheimer set a $85.00 price target on shares of Netflix and gave the company an “outperform” rating in a research report on Friday, July 17th. Erste Group Bank downgraded Netflix from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. Jefferies Financial Group cut their price objective on shares of Netflix from $128.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday, June 10th. Finally, Raymond James Financial reissued a “market perform” rating on shares of Netflix in a report on Thursday, May 14th. 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 issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $103.48.

Insider Transactions at Netflix

In related news, CFO Spencer Adam Neumann sold 9,248 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $75.79, for a total transaction of $700,905.92. Following the completion of the transaction, the chief financial officer owned 73,787 shares of the company’s stock, valued at approximately $5,592,316.73. This represents a 11.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Richard N. Barton sold 2,160 shares of Netflix stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $75.10, for a total transaction of $162,216.00. Following the completion of the transaction, the director owned 246 shares in the company, valued at approximately $18,474.60. This trade represents a 89.78% 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. Insiders sold 600,295 shares of company stock valued at $49,056,671 in the last quarter. Insiders own 1.24% of the company’s stock.

Netflix Stock Down 0.1%

NFLX stock opened at $80.14 on Friday. The company has a 50 day moving average price of $74.40 and a two-hundred day moving average price of $84.37. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market capitalization of $333.70 billion, a P/E ratio of 25.23, a PEG ratio of 1.01 and a beta of 1.52. Netflix, Inc. has a one year low of $65.08 and a one year high of $126.71.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share 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 in the prior year, the company posted $0.72 EPS. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. As a group, sell-side analysts expect that Netflix, Inc. will post 3.59 EPS for the current year.

More Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Bill Ackman’s Pershing Square rebuilt a major position. The investment firm’s purchase, despite previously taking a reported $400 million loss on Netflix, signals confidence in the company’s long-term growth, competitive position and leadership. The disclosure helped support a recent increase in NFLX shares. Netflix Moved, What Is Drawing Attention Now?
• Positive Sentiment: Analysts see advertising as a significant growth opportunity. Netflix is expanding its ad-supported business through live programming, new ad technology and additional tools for marketers. The company is targeting substantial future advertising revenue, which could diversify its sales base and support continued revenue expansion. NFLX’s Ad Business Focus
• Positive Sentiment: Valuation has become more attractive after the selloff. Netflix trades at roughly 21 times forward earnings in the cited analysis, a level viewed as more reasonable than during prior periods of comparable declines. A CNBC contributor also recommended Netflix, reinforcing the bullish case among some investors. Netflix Trades at 21 Times Forward Earnings
• Neutral Sentiment: Co-founder Reed Hastings discussed Netflix’s performance-focused culture. Hastings said companies should operate as teams rather than families, making workforce reductions easier when employees do not meet expectations. The comments revisit Netflix’s 2001 layoffs but do not represent a new operating announcement. Reed Hastings Says Companies Aren’t Families
• Negative Sentiment: YouTube is reportedly trying to prevent creators from signing with Netflix. YouTube is offering creators millions of dollars and warning that simultaneous Netflix deals could jeopardize marketing support and brand-campaign revenue. This could raise Netflix’s content-acquisition costs and make it harder to secure popular creator-led programming. YouTube Offers Creators Millions to Avoid Netflix Deals
• Negative Sentiment: Netflix faces a lawsuit from the band Demon Hunter. The group alleges that Netflix’s KPop Demon Hunters infringes its rights. The case creates legal and reputational risk, although the financial impact is currently unclear. Netflix Sued by Band Demon Hunter

Netflix 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.