Jacobsen Capital Management Acquires 35 Shares of Netflix, Inc. $NFLX

Jacobsen Capital Management lifted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 5.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 722 shares of the Internet television network’s stock after purchasing an additional 35 shares during the period. Netflix accounts for about 0.4% of Jacobsen Capital Management’s investment portfolio, making the stock its 27th biggest holding. Jacobsen Capital Management’s holdings in Netflix were worth $967,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of NFLX. Stephens Consulting LLC increased its holdings in shares of Netflix by 150.0% during the 2nd quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock valued at $33,000 after acquiring an additional 15 shares during the last quarter. Flaharty Asset Management LLC bought a new stake in Netflix during the first quarter worth approximately $37,000. Maseco LLP acquired a new position in Netflix during the second quarter valued at approximately $39,000. LGT Financial Advisors LLC bought a new position in shares of Netflix in the second quarter valued at approximately $40,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Netflix in the first quarter worth $42,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on NFLX shares. Citigroup reiterated a “neutral” rating and issued a $1,295.00 target price (up from $1,280.00) on shares of Netflix in a research note on Friday, October 3rd. Robert W. Baird raised their price target on Netflix from $1,300.00 to $1,500.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. Seaport Res Ptn upgraded Netflix from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Canaccord Genuity Group restated a “buy” rating on shares of Netflix in a research note on Thursday, July 10th. Finally, Itau BBA Securities began coverage on Netflix in a report on Tuesday, October 7th. They issued an “outperform” rating and a $1,514.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,339.81.

Insider Buying and Selling at Netflix

In related news, CEO Gregory K. Peters sold 2,026 shares of the firm’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the completion of the transaction, the chief executive officer directly owned 12,781 shares of the company’s stock, valued at $14,793,240.64. This trade represents a 13.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,600 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $1,172.51, for a total value of $3,048,526.00. Following the completion of the transaction, the chief financial officer directly owned 3,691 shares of the company’s stock, valued at approximately $4,327,734.41. This trade represents a 41.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,100 shares of company stock valued at $122,710,980 in the last quarter. 1.37% of the stock is currently owned by corporate insiders.

Netflix Stock Up 0.2%

NFLX stock opened at $1,241.35 on Wednesday. Netflix, Inc. has a twelve month low of $744.26 and a twelve month high of $1,341.15. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. The company has a market cap of $527.49 billion, a PE ratio of 52.89, a price-to-earnings-growth ratio of 2.08 and a beta of 1.59. The business’s 50-day simple moving average is $1,214.20 and its 200 day simple moving average is $1,182.49.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Tuesday, October 21st. The Internet television network reported $5.87 EPS for the quarter, missing the consensus estimate of $6.88 by ($1.01). Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm had revenue of $11.51 billion during the quarter, compared to analyst estimates of $11.52 billion. During the same period last year, the company earned $5.40 EPS. The company’s revenue was up 17.2% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. On average, research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

About Netflix

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.