Rep. Bruce Westerman Buys Netflix, Inc. (NASDAQ:NFLX) Stock

Representative Bruce Westerman (R-Arkansas) recently bought shares of Netflix, Inc. (NASDAQ:NFLX). In a filing disclosed on April 16th, the Representative disclosed that they had bought between $1,001 and $15,000 in Netflix stock on March 3rd. The trade occurred in the Representative’s “FISHER IRA” account.

Representative Bruce Westerman also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTCMKTS:LVMUY) on 4/2/2025.
• Purchased $1,001 – $15,000 in shares of Sony Group (NYSE:SONY) on 3/24/2025.
• Purchased $1,001 – $15,000 in shares of Mitsubishi UFJ Financial Group (NYSE:MUFG) on 3/21/2025.
• Purchased $1,001 – $15,000 in shares of BP (NYSE:BP) on 3/21/2025.
• Sold $1,001 – $15,000 in shares of Procter & Gamble (NYSE:PG) on 3/20/2025.
• Sold $1,001 – $15,000 in shares of Medtronic (NYSE:MDT) on 3/20/2025.
• Purchased $1,001 – $15,000 in shares of ASML (NASDAQ:ASML) on 3/20/2025.
• Sold $1,001 – $15,000 in shares of Visa (NYSE:V) on 3/20/2025.
• Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 3/20/2025.
• Sold $1,001 – $15,000 in shares of Broadcom (NASDAQ:AVGO) on 3/20/2025.

Netflix Price Performance

Shares of NASDAQ NFLX traded up $11.40 during mid-day trading on Friday, hitting $973.03. 8,733,404 shares of the company’s stock traded hands, compared to its average volume of 3,742,602. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,064.50. The company’s 50-day moving average is $955.57 and its two-hundred day moving average is $889.98. The company has a market capitalization of $416.22 billion, a P/E ratio of 49.07, a PEG ratio of 2.12 and a beta of 1.55.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating the consensus estimate of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. During the same period in the previous year, the company posted $8.28 earnings per share. On average, equities analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Transactions at Netflix

In other news, Director Jay C. Hoag sold 617 shares of the company’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $979.71, for a total value of $604,481.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Strive Masiyiwa sold 2,813 shares of the stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $1,007.87, for a total transaction of $2,835,138.31. The disclosure for this sale can be found here. In the last quarter, insiders sold 274,312 shares of company stock worth $267,919,297. 1.76% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Netflix

Several institutional investors have recently made changes to their positions in the stock. Halbert Hargrove Global Advisors LLC raised its position in Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock worth $25,000 after acquiring an additional 13 shares during the last quarter. Brown Shipley& Co Ltd acquired a new position in Netflix during the fourth quarter worth approximately $27,000. Pathway Financial Advisers LLC increased its holdings in shares of Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock worth $27,000 after buying an additional 14 shares during the last quarter. Transce3nd LLC purchased a new position in shares of Netflix in the 4th quarter worth about $32,000. Finally, Newton One Investments LLC acquired a new position in shares of Netflix in the 4th quarter valued at about $34,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Robert W. Baird lifted their price objective on Netflix from $875.00 to $1,200.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. KeyCorp decreased their price target on shares of Netflix from $1,100.00 to $1,000.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 9th. Pivotal Research reiterated a “buy” rating on shares of Netflix in a report on Thursday. Needham & Company LLC reiterated a “buy” rating and issued a $1,126.00 target price on shares of Netflix in a report on Thursday. Finally, Rosenblatt Securities raised Netflix from a “neutral” rating to a “buy” rating and boosted their target price for the company from $680.00 to $1,494.00 in a research report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,023.49.

About Representative Westerman

Bruce Westerman (Republican Party) is a member of the U.S. House, representing Arkansas’ 4th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027.

Westerman (Republican Party) is running for re-election to the U.S. House to represent Arkansas’ 4th Congressional District. He declared candidacy for the 2026 election.

Westerman earned his BSBAGE in biological and agricultural engineering from the University of Arkansas in 1990 and his MF in forestry from Yale University in 2001. His professional experience includes working as a plant engineer for Riceland Foods and an engineer/forester for Mid-South Engineering Company.

Netflix Company Profile

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.