167 Shares in Netflix, Inc. $NFLX Acquired by Client 1ST Advisory Group LLC

Client 1ST Advisory Group LLC acquired a new position in Netflix, Inc. (NASDAQ:NFLX) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 167 shares of the Internet television network’s stock, valued at approximately $224,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC boosted its stake in shares of Netflix by 100.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock valued at $25,000 after buying an additional 13 shares during the period. Maseco LLP acquired a new stake in shares of Netflix during the 2nd quarter valued at $39,000. Ransom Advisory Ltd acquired a new stake in shares of Netflix during the 2nd quarter valued at $47,000. Flaharty Asset Management LLC acquired a new stake in shares of Netflix during the 1st quarter valued at $37,000. Finally, Signature Resources Capital Management LLC boosted its stake in shares of Netflix by 740.0% during the 2nd quarter. Signature Resources Capital Management LLC now owns 42 shares of the Internet television network’s stock valued at $56,000 after buying an additional 37 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on NFLX shares. KeyCorp raised their price target on shares of Netflix from $1,070.00 to $1,390.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. Wall Street Zen upgraded shares of Netflix from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Jefferies Financial Group restated a “buy” rating on shares of Netflix in a report on Thursday, September 11th. Canaccord Genuity Group restated a “buy” rating on shares of Netflix in a report on Thursday, July 10th. Finally, TD Cowen boosted their target price on shares of Netflix from $1,440.00 to $1,450.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Netflix currently has an average rating of “Moderate Buy” and a consensus price target of $1,334.03.

Insiders Place Their Bets

In related news, CEO Gregory K. Peters sold 2,026 shares of the company’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the sale, the chief executive officer owned 12,781 shares of the company’s stock, valued at $14,793,240.64. The trade was a 13.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Theodore A. Sarandos sold 2,026 shares of the company’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the completion of the sale, the chief executive officer directly owned 15,168 shares in the company, valued at approximately $17,604,284.16. The trade was a 11.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 59,324 shares of company stock valued at $70,235,556 over the last 90 days. Company insiders own 1.37% of the company’s stock.

Netflix Stock Performance

NASDAQ:NFLX opened at $1,198.92 on Wednesday. The firm’s 50-day moving average is $1,208.39 and its 200-day moving average is $1,155.85. Netflix, Inc. has a 52-week low of $677.88 and a 52-week high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. The company has a market cap of $509.46 billion, a price-to-earnings ratio of 51.08, a PEG ratio of 2.03 and a beta of 1.60.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter in the previous year, the firm posted $4.88 EPS. The business’s revenue was up 15.9% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Equities 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.