Cookson Peirce & Co. Inc. Acquires 135 Shares of Netflix, Inc. $NFLX

Cookson Peirce & Co. Inc. grew its holdings in Netflix, Inc. (NASDAQ:NFLX) by 3.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,620 shares of the Internet television network’s stock after purchasing an additional 135 shares during the period. Cookson Peirce & Co. Inc.’s holdings in Netflix were worth $6,187,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in Netflix by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network’s stock worth $35,433,585,000 after acquiring an additional 509,255 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Netflix by 2.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,732,066 shares of the Internet television network’s stock worth $10,940,505,000 after buying an additional 304,399 shares in the last quarter. Alliancebernstein L.P. grew its stake in Netflix by 1.0% in the 1st quarter. Alliancebernstein L.P. now owns 5,194,939 shares of the Internet television network’s stock worth $4,844,436,000 after buying an additional 53,611 shares in the last quarter. Invesco Ltd. grew its stake in Netflix by 8.3% in the 1st quarter. Invesco Ltd. now owns 4,664,818 shares of the Internet television network’s stock worth $4,350,083,000 after buying an additional 356,617 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in Netflix by 3.5% in the 1st quarter. Wellington Management Group LLP now owns 4,385,666 shares of the Internet television network’s stock worth $4,089,765,000 after buying an additional 148,675 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Sanford C. Bernstein reaffirmed a “buy” rating on shares of Netflix in a research note on Friday, October 17th. KeyCorp upped their price objective on shares of Netflix from $1,070.00 to $1,390.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. Loop Capital raised shares of Netflix from a “hold” rating to a “buy” rating and upped their price objective for the company from $1,150.00 to $1,350.00 in a research note on Wednesday, September 17th. Itau BBA Securities began coverage on shares of Netflix in a research report on Tuesday, October 7th. They set an “outperform” rating and a $1,514.00 price target for the company. Finally, Needham & Company LLC reissued a “buy” rating and set a $1,500.00 price target on shares of Netflix in a research report on Wednesday, September 10th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,339.81.

Netflix Trading Up 0.2%

NASDAQ:NFLX opened at $1,241.35 on Wednesday. The company has a 50-day moving average price of $1,214.20 and a 200-day moving average price of $1,182.49. Netflix, Inc. has a 12 month low of $744.26 and a 12 month 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. The stock has a market cap of $527.49 billion, a price-to-earnings ratio of 52.89, a P/E/G ratio of 2.08 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last posted its 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 return on equity of 42.50% and a net margin of 24.58%.The company had revenue of $11.51 billion during the quarter, compared to analysts’ expectations of $11.52 billion. During the same period in the prior year, the business posted $5.40 earnings per share. The company’s revenue for the quarter 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. Equities analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Activity at Netflix

In related news, Director Reed Hastings sold 42,176 shares of Netflix stock in a transaction dated 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 transaction, the director directly owned 394 shares of the company’s stock, valued at $461,736.48. This trade represents a 99.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Theodore A. Sarandos sold 2,026 shares of Netflix 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 transaction, the chief executive officer directly owned 15,168 shares of the company’s stock, valued at approximately $17,604,284.16. This trade represents a 11.78% 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 worth $122,710,980 over the last 90 days. 1.37% of the stock is currently owned by insiders.

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.