12,756 Shares in Netflix, Inc. $NFLX Purchased by Harvest Portfolios Group Inc.

Key Points

• Harvest Portfolios Group Inc. acquired 12,756 shares of Netflix, Inc., valued at approximately $11.9 million, as disclosed in a recent filing with the SEC.
• Insider transactions revealed that CEO Gregory K. Peters sold 2,026 shares for about $2.34 million, marking a 13.68% decrease in his position.
• Netflix reported $7.19 EPS during its last earnings call, surpassing estimates by $0.12, with revenue growth of 15.9% compared to the same quarter last year.

Harvest Portfolios Group Inc. bought a new stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 12,756 shares of the Internet television network's stock, valued at approximately $11,895,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Resurgent Financial Advisors LLC grew its position in shares of Netflix by 234.4% in the 1st quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network's stock worth $942,000 after buying an additional 708 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of Netflix by 42.1% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 441,861 shares of the Internet television network's stock worth $412,059,000 after buying an additional 130,946 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of Netflix by 8.7% in the fourth quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network's stock worth $1,227,468,000 after buying an additional 110,432 shares during the last quarter. PharVision Advisers LLC purchased a new position in shares of Netflix in the fourth quarter worth $873,000. Finally, New England Research & Management Inc. raised its holdings in shares of Netflix by 148.5% in the first quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network's stock worth $1,979,000 after buying an additional 1,268 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Netflix Stock Performance

NASDAQ:NFLX opened at $1,218.07 on Tuesday. Netflix, Inc. has a fifty-two week low of $660.80 and a fifty-two week high of $1,341.15. The stock has a market capitalization of $517.59 billion, a PE ratio of 51.90, a P/E/G ratio of 2.03 and a beta of 1.59. The company has a fifty day moving average of $1,231.26 and a two-hundred day moving average of $1,113.08. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. During the same quarter in the prior year, the firm earned $4.88 earnings per share. The company's revenue for the quarter 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. As a group, research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In other news, insider Cletus R. Willems sold 238 shares of the company's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total transaction of $274,537.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction of $2,344,973.44. Following the completion of the sale, the chief executive officer directly owned 12,781 shares of the company's stock, valued at $14,793,240.64. This represents a 13.68% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 145,667 shares of company stock valued at $178,679,156. 1.37% of the stock is owned by company insiders.

Analyst Ratings Changes

NFLX has been the subject of a number of research analyst reports. Rosenblatt Securities raised their price target on shares of Netflix from $1,514.00 to $1,515.00 and gave the stock a "buy" rating in a report on Friday, July 18th. BMO Capital Markets restated an "outperform" rating and set a $1,425.00 price objective (up from $1,200.00) on shares of Netflix in a research note on Tuesday, July 15th. Wedbush restated an "outperform" rating and set a $1,500.00 price objective (up from $1,400.00) on shares of Netflix in a research note on Monday, July 14th. UBS Group restated a "market underperform" rating on shares of Netflix in a research note on Saturday, July 19th. Finally, Jefferies Financial Group restated a "buy" rating on shares of Netflix in a research note on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, Netflix currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,297.66.

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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