15,860 Shares in Netflix, Inc. $NFLX Bought by Cadinha & Co. LLC

Key Points

• Cadinha & Co. LLC has acquired a new position in Netflix, purchasing 15,860 shares valued at approximately $21.24 million, representing 3.5% of their portfolio.
• Several brokerages have recently updated their price targets for Netflix, with Morgan Stanley setting a target of $1,500.00, while JPMorgan Chase reduced theirs to $1,275.00.
• Insider transactions revealed that David A. Hyman, a Netflix insider, sold 424 shares for over $491,000, marking a 1.32% decrease in his ownership.

Cadinha & Co. LLC bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 15,860 shares of the Internet television network's stock, valued at approximately $21,239,000. Netflix accounts for 3.5% of Cadinha & Co. LLC's holdings, making the stock its 12th biggest holding.

Other hedge funds also recently made changes to their positions in the company. Stephens Consulting LLC increased its holdings in Netflix by 150.0% in the second quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network's stock worth $33,000 after purchasing an additional 15 shares in the last quarter. Maseco LLP acquired a new position in Netflix during the second quarter worth $39,000. LGT Financial Advisors LLC acquired a new position in shares of Netflix during the second quarter valued at about $40,000. Mid American Wealth Advisory Group Inc. bought a new position in Netflix in the 2nd quarter valued at about $44,000. Finally, Ransom Advisory Ltd bought a new position in shares of Netflix in the second quarter valued at approximately $47,000. 80.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on NFLX. Morgan Stanley set a $1,500.00 target price on shares of Netflix in a report on Monday, October 13th. JPMorgan Chase & Co. reduced their price objective on shares of Netflix from $1,300.00 to $1,275.00 and set a "neutral" rating for the company in a research report on Wednesday. Robert W. Baird lifted their target price on shares of Netflix from $1,300.00 to $1,500.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Needham & Company LLC restated a "buy" rating and issued a $1,500.00 target price on shares of Netflix in a research note on Wednesday. Finally, Zacks Research downgraded Netflix from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 1st. Two 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 issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $1,341.22.

Insider Buying and Selling at Netflix

In other news, insider David A. Hyman sold 424 shares of the company's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the sale, the insider directly owned 31,610 shares in the company, valued at $36,625,558.70. This represents a 1.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $1,162.40, for a total transaction of $3,023,402.40. Following the completion of the transaction, the chief financial officer owned 3,691 shares of the company's stock, valued at $4,290,418.40. This trade represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 104,100 shares of company stock worth $122,710,980. 1.37% of the stock is owned by corporate insiders.

Netflix Trading Up 0.8%

Shares of NFLX stock opened at $1,124.81 on Thursday. The stock has a market capitalization of $477.97 billion, a price-to-earnings ratio of 46.98, a PEG ratio of 2.09 and a beta of 1.59. The company's fifty day simple moving average is $1,212.43 and its two-hundred day simple moving average is $1,182.04. Netflix, Inc. has a 1 year low of $746.25 and a 1 year high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share for the quarter, missing the consensus estimate of $6.88 by ($1.01). Netflix had a net margin of 24.05% and a return on equity of 42.45%. The company had revenue of $11.51 billion during the quarter, compared to analysts' expectations of $11.52 billion. During the same quarter last year, the firm posted $5.40 earnings per share. Netflix's revenue for the quarter 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 earnings per share for the current 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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