Lee Johnson Capital Management LLC Invests $6.57 Million in Netflix, Inc. $NFLX

Lee Johnson Capital Management LLC acquired a new position in Netflix, Inc. (NASDAQ:NFLX) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 4,909 shares of the Internet television network’s stock, valued at approximately $6,574,000. Netflix accounts for 2.3% of Lee Johnson Capital Management LLC’s holdings, making the stock its 12th largest position.

Several other large investors have also recently modified their holdings of NFLX. Halbert Hargrove Global Advisors LLC increased its holdings in shares of Netflix by 100.0% in 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 period. Flaharty Asset Management LLC purchased a new position in shares of Netflix in the first quarter worth about $37,000. Maseco LLP purchased a new position in shares of Netflix in the second quarter worth about $39,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Netflix in the first quarter worth about $42,000. Finally, 1248 Management LLC purchased a new position in shares of Netflix in the first quarter worth about $43,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

Netflix stock opened at $1,206.41 on Tuesday. The stock’s 50 day simple moving average is $1,208.21 and its two-hundred day simple moving average is $1,155.55. 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 stock has a market cap of $512.63 billion, a price-to-earnings ratio of 51.40, a PEG ratio of 2.04 and a beta of 1.60. Netflix, Inc. has a fifty-two week low of $677.88 and a fifty-two week high of $1,341.15.

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

Insider Buying and Selling at Netflix

In other news, CFO Spencer Adam Neumann sold 2,600 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $1,207.76, for a total value of $3,140,176.00. Following the sale, the chief financial officer directly owned 3,691 shares of the company’s stock, valued at $4,457,842.16. The trade was a 41.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Cletus R. Willems sold 238 shares of the business’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $1,153.52, for a total value of $274,537.76. The disclosure for this sale can be found here. In the last 90 days, insiders sold 59,324 shares of company stock worth $70,235,556. Insiders own 1.37% of the company’s stock.

Wall Street Analyst Weigh In

NFLX has been the topic of a number of research analyst reports. Seaport Res Ptn downgraded Netflix from a “strong-buy” rating to a “hold” rating in a report on Sunday, July 6th. KeyCorp boosted their price target on Netflix from $1,070.00 to $1,390.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. Piper Sandler boosted their price target on Netflix from $1,400.00 to $1,500.00 and gave the company an “overweight” rating in a report on Friday, July 18th. JPMorgan Chase & Co. boosted their price target on Netflix from $1,230.00 to $1,300.00 and gave the company a “neutral” rating in a report on Friday, July 18th. Finally, Wedbush restated an “outperform” rating and set a $1,500.00 price target (up previously from $1,400.00) on shares of Netflix in a report on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,328.87.

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.