Abel Hall LLC Buys 145 Shares of Netflix, Inc. $NFLX

Abel Hall LLC increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 29.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 630 shares of the Internet television network’s stock after acquiring an additional 145 shares during the period. Abel Hall LLC’s holdings in Netflix were worth $844,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC increased its holdings 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 buying an additional 13 shares during the last quarter. Flaharty Asset Management LLC acquired a new stake in Netflix in the first quarter valued at $37,000. Maseco LLP bought a new position in shares of Netflix in the 2nd quarter valued at about $39,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Netflix during the 1st quarter worth about $42,000. Finally, 1248 Management LLC acquired a new position in shares of Netflix during the 1st quarter worth about $43,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NFLX has been the subject of several recent analyst reports. Jefferies Financial Group reiterated a “buy” rating on shares of Netflix in a research note on Thursday, September 11th. Rosenblatt Securities raised their price objective on Netflix from $1,514.00 to $1,515.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Canaccord Genuity Group reiterated a “buy” rating on shares of Netflix in a research note on Thursday, July 10th. Weiss Ratings restated a “buy (b)” rating on shares of Netflix in a research note on Saturday, September 27th. Finally, The Goldman Sachs Group cut their price target on Netflix from $1,310.00 to $1,300.00 and set a “neutral” rating for the company in a report on Tuesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Netflix has an average rating of “Moderate Buy” and an average target price of $1,337.63.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Theodore A. Sarandos sold 2,026 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer owned 15,168 shares in the company, valued at $17,604,284.16. This represents a 11.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Reed Hastings sold 42,176 shares of Netflix stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total transaction of $49,426,897.92. Following the completion of the sale, the director owned 394 shares of the company’s stock, valued at approximately $461,736.48. The trade was a 99.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,100 shares of company stock valued at $122,710,980 in the last quarter. Company insiders own 1.37% of the company’s stock.

Netflix Stock Performance

NASDAQ:NFLX opened at $1,191.06 on Wednesday. The stock has a 50 day simple moving average of $1,207.58 and a 200 day simple moving average of $1,163.42. The stock has a market cap of $506.12 billion, a P/E ratio of 50.75, a PEG ratio of 1.96 and a beta of 1.59. Netflix, Inc. has a 1-year low of $677.88 and a 1-year high of $1,341.15. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating analysts’ consensus estimates of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same period in the prior year, the firm posted $4.88 EPS. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

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.