Mirador Capital Partners LP Buys 40,248 Shares of Netflix, Inc. $NFLX

Mirador Capital Partners LP increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 54.4% during the second quarter, HoldingsChannel.com reports. The fund owned 114,290 shares of the Internet television network’s stock after purchasing an additional 40,248 shares during the period. Netflix makes up 1.0% of Mirador Capital Partners LP’s holdings, making the stock its 27th largest position. Mirador Capital Partners LP’s holdings in Netflix were worth $8,160,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in NFLX. Brighton Jones LLC grew its stake in Netflix by 5.0% in the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock valued at $4,804,000 after buying an additional 257 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in Netflix by 16.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock valued at $912,000 after acquiring an additional 144 shares during the period. Sivia Capital Partners LLC boosted its holdings in Netflix by 21.2% during the second quarter. Sivia Capital Partners LLC now owns 1,406 shares of the Internet television network’s stock valued at $1,883,000 after acquiring an additional 246 shares during the period. Strategic Investment Advisors MI grew its position in shares of Netflix by 18.9% in the second quarter. Strategic Investment Advisors MI now owns 774 shares of the Internet television network’s stock valued at $1,036,000 after purchasing an additional 123 shares during the last quarter. Finally, Schnieders Capital Management LLC. grew its position in shares of Netflix by 12.1% in the second quarter. Schnieders Capital Management LLC. now owns 2,115 shares of the Internet television network’s stock valued at $2,832,000 after purchasing an additional 228 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Key Stories Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix’s cloud-gaming initiative is gaining traction, with monthly players reportedly increasing 11-fold since October. Investors may view this as a potential new engagement and growth engine beyond streaming and mobile games. Can NFLX Stock Compound Its Way Higher?
• Positive Sentiment: Some analysis argues that NFLX remains undervalued after its recent decline, citing Netflix’s scale, brand, content library and competitive moat. The company’s buybacks, strong profitability and lower valuation multiple could provide additional support. Netflix Faces Tougher Streaming Competition
• Neutral Sentiment: Options commentary recommends a calendar spread for investors expecting NFLX shares to remain relatively flat. This reflects a neutral near-term outlook rather than a clear directional catalyst. Netflix Calendar Spread: A Smart Play for a Neutral Outlook
• Neutral Sentiment: CEO Theodore Sarandos sold approximately $9.7 million of shares across two transactions, while insider David Hyman sold about $417,000. The sales were conducted under pre-arranged Rule 10b5-1 plans and were made to cover tax withholding on vested equity awards, reducing their signaling value. Netflix Insider Buying and Selling
• Negative Sentiment: Wall Street is increasingly concerned about Netflix’s engagement trends and the company’s decision to release less viewing data. Lower transparency may make it more difficult for investors to gauge content performance and user momentum. Wall Street Is Worried Netflix Has an Engagement Problem
• Negative Sentiment: YouTube Premium’s planned inclusion of Peacock and NBCUniversal sports content raises the competitive threat to Netflix by combining streaming entertainment and live sports in a broader bundle. This could pressure subscriber growth, viewing time and valuation. Is YouTube Going After Netflix?

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NFLX. Wedbush cut their price objective on Netflix from $118.00 to $105.00 and set an “outperform” rating for the company in a research report on Friday, July 17th. Piper Sandler reaffirmed an “overweight” rating and issued a $85.00 price target (down from $115.00) on shares of Netflix in a research report on Friday, July 17th. HSBC upped their price target on Netflix from $106.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, April 10th. BMO Capital Markets cut Netflix from an “outperform” rating to a “market perform” rating in a research report on Monday, July 20th. Finally, Deutsche Bank Aktiengesellschaft set a $110.00 price objective on Netflix in a research report on Monday, July 20th. Four research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, seventeen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $103.48.

Insider Transactions at Netflix

In other news, insider David A. Hyman sold 5,723 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $72.85, for a total transaction of $416,920.55. Following the sale, the insider directly owned 316,100 shares in the company, valued at approximately $23,027,885. The trade was a 1.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Reed Hastings sold 386,700 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $85.97, for a total value of $33,244,599.00. Following the completion of the transaction, the director owned 3,940 shares of the company’s stock, valued at $338,721.80. The trade was a 98.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 561,575 shares of company stock worth $46,185,025 over the last quarter. 1.24% of the stock is owned by company insiders.

Netflix Stock Up 0.9%

NASDAQ NFLX opened at $74.20 on Thursday. Netflix, Inc. has a twelve month low of $65.08 and a twelve month high of $126.71. The stock has a market cap of $308.96 billion, a PE ratio of 23.36, a PEG ratio of 0.92 and a beta of 1.52. The firm has a 50-day simple moving average of $75.81 and a 200 day simple moving average of $85.05. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.14 and a current ratio of 1.14.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.01. The firm had revenue of $12.56 billion for the quarter, compared to analyst estimates of $12.58 billion. Netflix had a return on equity of 40.02% and a net margin of 28.22%.The company’s quarterly 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 earnings per share. On average, research analysts forecast that Netflix, Inc. will post 3.59 EPS 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.