1,244 Shares in Netflix, Inc. $NFLX Acquired by Keeler Thomas Management LLC

Key Points

• Keeler Thomas Management LLC acquired 1,244 shares of Netflix, Inc., valued at approximately $1,666,000, indicating growing institutional interest in the company.
• Netflix reported $5.87 earnings per share for the last quarter, missing estimates by $1.01, despite a revenue growth of 17.2% year-over-year.
• Analysts have varied ratings for Netflix, with an average target price of $1,352.78, reflecting a consensus rating of "Moderate Buy."

Keeler Thomas Management LLC acquired a new position in Netflix, Inc. (NASDAQ:NFLX - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,244 shares of the Internet television network's stock, valued at approximately $1,666,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Netflix by 1.4% in the first quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock worth $35,433,585,000 after buying an additional 509,255 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Netflix by 2.7% during the first 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 purchasing an additional 304,399 shares during the period. Alliancebernstein L.P. boosted its position in Netflix by 1.0% during the first quarter. Alliancebernstein L.P. now owns 5,194,939 shares of the Internet television network's stock worth $4,844,436,000 after purchasing an additional 53,611 shares during the period. Invesco Ltd. boosted its position in Netflix by 8.3% during the first quarter. Invesco Ltd. now owns 4,664,818 shares of the Internet television network's stock worth $4,350,083,000 after purchasing an additional 356,617 shares during the period. Finally, Wellington Management Group LLP boosted its position in Netflix by 3.5% during the first quarter. Wellington Management Group LLP now owns 4,385,666 shares of the Internet television network's stock worth $4,089,765,000 after purchasing an additional 148,675 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on NFLX shares. Benchmark reaffirmed a "hold" rating on shares of Netflix in a research report on Wednesday. JPMorgan Chase & Co. reduced their price objective on Netflix from $1,300.00 to $1,275.00 and set a "neutral" rating for the company in a research report on Wednesday. Wedbush reduced their price objective on Netflix from $1,500.00 to $1,400.00 and set an "outperform" rating for the company in a research report on Wednesday. Wells Fargo & Company reduced their price objective on Netflix from $1,560.00 to $1,510.00 and set an "overweight" rating for the company in a research report on Wednesday. Finally, TD Cowen reduced their price objective on Netflix from $1,450.00 to $1,425.00 and set a "buy" rating for the company in a research report on Tuesday, October 7th. 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 given a Sell rating to the stock. According to MarketBeat, Netflix presently has an average rating of "Moderate Buy" and an average target price of $1,352.78.

Insider Buying and Selling

In other 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 sale, the chief executive officer directly owned 12,781 shares in the company, valued at approximately $14,793,240.64. This trade represents a 13.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Reed Hastings sold 42,176 shares of the firm's stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total value 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. This trade represents a 99.07% 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 90 days. 1.37% of the stock is owned by corporate insiders.

Netflix Stock Performance

Netflix stock opened at $1,094.69 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.34. The stock has a fifty day moving average price of $1,207.21 and a two-hundred day moving average price of $1,185.28. Netflix, Inc. has a 52-week low of $747.77 and a 52-week high of $1,341.15. The firm has a market capitalization of $463.85 billion, a P/E ratio of 45.73, a P/E/G ratio of 1.92 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.88 by ($1.01). Netflix had a return on equity of 41.86% and a net margin of 24.05%.The company had revenue of $11.51 billion for the quarter, compared to analyst estimates of $11.52 billion. During the same quarter in the prior year, the company earned $5.40 earnings per share. The business's revenue was up 17.2% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. As a group, analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal 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.

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