Netflix, Inc. $NFLX Position Boosted by Fairvoy Private Wealth LLC
by Jessica Moore · The Cerbat GemFairvoy Private Wealth LLC increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX – Free Report) by 118.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,347 shares of the Internet television network’s stock after purchasing an additional 15,887 shares during the quarter. Fairvoy Private Wealth LLC’s holdings in Netflix were worth $2,042,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Merkkuri Wealth Advisors LLC acquired a new position in Netflix in the first quarter valued at about $31,000. Bayban boosted its stake in Netflix by 400.0% during the first quarter. Bayban now owns 350 shares of the Internet television network’s stock worth $34,000 after buying an additional 280 shares during the period. Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of Netflix during the second quarter valued at about $26,000. Bank of New Hampshire increased its position in shares of Netflix by 900.0% during the fourth quarter. Bank of New Hampshire now owns 380 shares of the Internet television network’s stock valued at $36,000 after acquiring an additional 342 shares during the last quarter. Finally, Compound Global Advisors LLC acquired a new stake in shares of Netflix during the second quarter valued at about $29,000. 80.93% of the stock is owned by institutional investors and hedge funds.
Key Netflix News
Here are the key news stories impacting Netflix this week:
- Positive Sentiment: Analysts expect third-quarter revenue of approximately $12.87 billion to $12.88 billion and earnings of about $0.82 per share. A meaningful beat, stronger guidance or evidence of renewed engagement could help reverse the recent weakness. Netflix Stock Has Fallen After 5 Straight Reports: Will Q3 Break the Streak?
- Positive Sentiment: Netflix’s advertising business remains a potential growth catalyst. The company is targeting $3 billion in 2026 advertising revenue, while upfront commitments have nearly doubled; improved ad monetization could offset slower viewing-hour growth. Can Ad-Supported Streaming Momentum Boost Netflix’s Q3 Results?
- Positive Sentiment: Jefferies initiated coverage with a Buy rating and an $85 price target, citing advertising, pricing and live sports as possible drivers of future upside. Jefferies Makes a Bold $85 Call on Netflix Stock
Analysts Set New Price Targets
NFLX has been the topic of a number of research analyst reports. Citigroup reissued a “market perform” rating on shares of Netflix in a research note on Thursday. Rothschild & Co Redburn lowered their price objective on shares of Netflix from $120.00 to $93.00 and set a “buy” rating for the company in a research report on Tuesday, July 21st. Pivotal Research lowered their price objective on shares of Netflix from $96.00 to $70.00 and set a “hold” rating for the company in a research report on Friday, July 17th. Stephens started coverage on shares of Netflix in a report on Friday, July 17th. They issued an “overweight” rating for the company. Finally, Jefferies Financial Group set a $85.00 target price on shares of Netflix and gave the company a “buy” rating in a report on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $93.38.
Check Out Our Latest Research Report on Netflix
Netflix Trading Down 1.0%
Netflix stock traded down $0.68 during midday trading on Monday, reaching $69.85. 33,870,034 shares of the stock traded hands, compared to its average volume of 42,228,020. The company has a 50-day simple moving average of $75.17 and a two-hundred day simple moving average of $80.57. Netflix, Inc. has a 12-month low of $65.08 and a 12-month high of $124.86. The firm has a market cap of $290.85 billion, a PE ratio of 21.99, a price-to-earnings-growth ratio of 1.00 and a beta of 1.62. 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 – Get Free Report) last released its earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.01. The company 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%. Netflix’s revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.72 EPS. Research analysts expect that Netflix, Inc. will post 3.59 earnings per share for the current fiscal year.
Insider Buying and Selling at Netflix
In other news, Director Richard Barton sold 720 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $75.27, for a total value of $54,194.40. Following the completion of the transaction, the director owned 2,460 shares of the company’s stock, valued at approximately $185,164.20. This trade represents a 22.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David Hyman sold 5,723 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 316,100 shares of the company’s stock, valued at approximately $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. In the last three months, insiders have sold 179,045 shares of company stock valued at $13,132,194. Corporate insiders own 1.24% of the company’s stock.
Netflix Company Profile
Netflix, Inc (NASDAQ:NFLX) is a global entertainment company that provides subscription-based streaming services. Its platform offers a broad selection of television series, films, documentaries, stand-up specials and other programming, including content produced by Netflix and licensed from third-party studios and creators.
The company also develops and distributes original productions under the Netflix brand and has expanded into additional entertainment offerings, including mobile and cloud-based games in select markets and live programming.
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