297 Shares in Netflix, Inc. $NFLX Purchased by Boomfish Wealth Group LLC

Key Points

• Boomfish Wealth Group LLC acquired 297 shares of Netflix, Inc., valued at approximately $398,000 during the second quarter.
• Several institutional investors, including Vanguard Group and Price T Rowe Associates, have increased their stakes in Netflix, with institutional ownership now at 80.93%.
• Netflix has been given a consensus rating of "Moderate Buy" by analysts, with an average price target of $1,337.63, indicating strong future expectations from the stock.

Boomfish Wealth Group LLC purchased a new position in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 297 shares of the Internet television network's stock, valued at approximately $398,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Netflix by 1.4% during the first quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock valued at $35,433,585,000 after purchasing an additional 509,255 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of 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 valued at $10,940,505,000 after purchasing an additional 304,399 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of Netflix by 1.0% during the first quarter. Alliancebernstein L.P. now owns 5,194,939 shares of the Internet television network's stock valued at $4,844,436,000 after purchasing an additional 53,611 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Netflix by 8.3% during the first quarter. Invesco Ltd. now owns 4,664,818 shares of the Internet television network's stock valued at $4,350,083,000 after buying an additional 356,617 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of 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 valued at $4,089,765,000 after buying an additional 148,675 shares during the last quarter. Institutional investors own 80.93% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on NFLX shares. Oppenheimer increased their price target on shares of Netflix from $1,200.00 to $1,425.00 and gave the company an "outperform" rating in a report on Thursday, June 12th. JPMorgan Chase & Co. increased their price target on shares of Netflix from $1,230.00 to $1,300.00 and gave the company a "neutral" rating in a report on Friday, July 18th. Sanford C. Bernstein increased their price target on shares of Netflix from $1,200.00 to $1,390.00 and gave the company an "outperform" rating in a report on Thursday, July 17th. The Goldman Sachs Group cut their price target on shares of Netflix from $1,310.00 to $1,300.00 and set a "neutral" rating on the stock in a report on Tuesday, September 30th. Finally, Wedbush reiterated 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. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $1,337.63.

Insider Activity

In other news, 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 transaction of $49,426,897.92. Following the sale, the director directly owned 394 shares in the company, valued at $461,736.48. This trade represents a 99.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Cletus R. Willems sold 238 shares of the firm'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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 104,100 shares of company stock worth $122,710,980. 1.37% of the stock is currently owned by insiders.

Netflix Trading Up 1.9%

Shares of Netflix stock opened at $1,214.25 on Thursday. The company's fifty day simple moving average is $1,208.18 and its 200-day simple moving average is $1,163.77. The stock has a market capitalization of $515.97 billion, a PE ratio of 51.74, a P/E/G ratio of 2.00 and a beta of 1.59. Netflix, Inc. has a 1-year low of $677.88 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 data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating the consensus estimate of $7.07 by $0.12. The firm had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company's revenue was up 15.9% on a year-over-year basis. During the same period last year, the firm earned $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, equities 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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