Robbins Farley Buys 9,735 Shares of Netflix, Inc. $NFLX

Robbins Farley increased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 16.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,222 shares of the Internet television network’s stock after purchasing an additional 9,735 shares during the quarter. Netflix accounts for approximately 1.8% of Robbins Farley’s investment portfolio, making the stock its 28th largest position. Robbins Farley’s holdings in Netflix were worth $4,800,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of NFLX. Pacific Sun Financial Corp lifted its holdings in shares of Netflix by 1.6% during the 3rd quarter. Pacific Sun Financial Corp now owns 574 shares of the Internet television network’s stock worth $688,000 after acquiring an additional 9 shares during the period. Beaird Harris Wealth Management LLC boosted its position in shares of 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 in the last quarter. Monograph Wealth Advisors LLC increased its stake in Netflix by 1.8% in the second quarter. Monograph Wealth Advisors LLC now owns 682 shares of the Internet television network’s stock valued at $913,000 after acquiring an additional 12 shares during the last quarter. Resources Management Corp CT ADV raised its position in Netflix by 2.0% during the second quarter. Resources Management Corp CT ADV now owns 829 shares of the Internet television network’s stock valued at $1,110,000 after purchasing an additional 16 shares in the last quarter. Finally, Sompo Asset Management Co. Ltd. raised its position in Netflix by 1.4% during the second quarter. Sompo Asset Management Co. Ltd. now owns 1,500 shares of the Internet television network’s stock valued at $2,009,000 after purchasing an additional 20 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on NFLX shares. TD Cowen reduced their target price on Netflix from $112.00 to $100.00 and set a “buy” rating on the stock in a report on Friday, July 17th. Itau BBA Securities lowered their price target on Netflix from $151.40 to $96.00 and set an “outperform” rating for the company in a report on Wednesday, August 5th. HSBC dropped their price objective on Netflix from $104.00 to $96.00 and set a “buy” rating for the company in a research report on Friday, July 17th. Guggenheim set a $75.00 price objective on Netflix and gave the company a “buy” rating in a research note on Friday, July 17th. Finally, Citigroup reiterated a “market perform” rating on shares of Netflix in a research report on Monday, August 17th. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $96.65.

More Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Several analysts and commentators view Netflix as attractively valued after its substantial pullback from its high. The company’s growing ad-supported business, strong cash generation and buyback program could support a long-term recovery. Netflix Is Down 46% From Its High
• Positive Sentiment: Netflix received an average “Moderate Buy” analyst rating, reinforcing the view that the recent weakness may represent an entry opportunity rather than a deterioration in the long-term investment case. Netflix Receives Moderate Buy Rating
• Positive Sentiment: A multi-year agreement with EverPass Media will distribute Netflix’s five 2026 NFL games, including a Thanksgiving Eve matchup, to commercial venues nationwide. The deal broadens the reach and monetization potential of Netflix’s live-sports programming. EverPass Media Expands NFL Offering Through Agreement with Netflix
• Neutral Sentiment: A partnership with Stella Artois tied to season two of The Gentlemen, along with strong attention generated by exclusive Grand Theft Auto VI preview footage on Netflix, supports engagement and advertising visibility but is unlikely to materially change near-term financial results. Netflix Unveils New Partnership
• Negative Sentiment: Investors remain concerned about slowing subscriber and revenue growth, competition from short-form video platforms and Netflix’s underperformance versus the broader market. These issues could limit multiple expansion despite the discounted valuation. Netflix: A Streaming Giant at a Rare Discount?

Netflix Trading Up 2.4%

Shares of NFLX stock opened at $82.73 on Thursday. Netflix, Inc. has a twelve month low of $65.08 and a twelve month high of $126.71. The stock’s fifty day simple moving average is $75.19 and its 200 day simple moving average is $84.40. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $344.48 billion, a P/E ratio of 26.04, a P/E/G ratio of 1.14 and a beta of 1.53.

Netflix (NASDAQ:NFLX) last posted its 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. The firm had revenue of $12.56 billion during the quarter, compared to the consensus estimate of $12.58 billion. Netflix had a return on equity of 40.02% and a net margin of 28.22%.The business’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period last year, the company earned $0.72 earnings per share. As a group, sell-side analysts predict that Netflix, Inc. will post 3.59 EPS for the current fiscal year.

Insider Activity

In other Netflix 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 value of $700,905.92. Following the completion of the transaction, the chief financial officer directly owned 73,787 shares in the company, valued at approximately $5,592,316.73. This represents a 11.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider David A. Hyman sold 5,723 shares of the firm’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $72.85, for a total transaction of $416,920.55. Following the transaction, the insider directly owned 316,100 shares of the company’s stock, valued at $23,027,885. The trade was a 1.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 213,595 shares of company stock worth $15,812,072. Company insiders own 1.24% of the company’s stock.

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.