401 Shares in Netflix, Inc. $NFLX Bought by Anderson Financial Strategies LLC

Key Points

• Anderson Financial Strategies LLC purchased 401 shares of Netflix, Inc. valued at approximately $374,000, marking a new position in the company during the first quarter.
• CEO Gregory K. Peters and Director Reed Hastings executed significant share sales, decreasing their holdings by 13.68% and 98.50% respectively, with insiders collectively selling shares amounting to $109 million in the last ninety days.
• As of now, 80.93% of Netflix shares are owned by institutional investors and hedge funds, highlighting significant institutional interest in the stock.

Anderson Financial Strategies LLC acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 401 shares of the Internet television network's stock, valued at approximately $374,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Halbert Hargrove Global Advisors LLC raised its holdings in shares of Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after acquiring an additional 13 shares during the period. Brown Shipley& Co Ltd acquired a new stake in shares of Netflix during the fourth quarter worth $27,000. Copia Wealth Management acquired a new stake in shares of Netflix during the fourth quarter worth $37,000. Flaharty Asset Management LLC bought a new position in Netflix in the first quarter valued at $37,000. Finally, Stuart Chaussee & Associates Inc. grew its position in Netflix by 4,500.0% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock valued at $41,000 after purchasing an additional 45 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Gregory K. Peters sold 2,026 shares of Netflix stock in a transaction dated Tuesday, August 5th. The shares were 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 owned 12,781 shares in the company, valued at $14,793,240.64. The trade was a 13.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Reed Hastings sold 25,959 shares of Netflix stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $1,207.71, for a total transaction of $31,350,943.89. Following the completion of the sale, the director owned 394 shares of the company's stock, valued at $475,837.74. This trade represents a 98.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 89,348 shares of company stock worth $109,498,489 in the last ninety days. Insiders own 1.37% of the company's stock.

Netflix Stock Performance

Shares of NFLX stock opened at $1,247.71 on Thursday. The company has a market capitalization of $530.19 billion, a price-to-earnings ratio of 53.16, a PEG ratio of 2.13 and a beta of 1.60. 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 company has a 50-day simple moving average of $1,222.12 and a 200 day simple moving average of $1,128.51. Netflix, Inc. has a 52 week low of $660.80 and a 52 week high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping the consensus estimate of $7.07 by $0.12. The business had revenue of $11.08 billion during 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%. Netflix's revenue was up 15.9% compared to the same quarter last year. During the same quarter 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. On average, sell-side analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analysts Set New Price Targets

NFLX has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their target price on shares of Netflix from $1,230.00 to $1,300.00 and gave the company a "neutral" rating in a research report on Friday, July 18th. Barclays reaffirmed a "sell" rating and issued a $1,100.00 target price (up previously from $1,000.00) on shares of Netflix in a research report on Wednesday, July 9th. Wall Street Zen downgraded shares of Netflix from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Seaport Res Ptn downgraded shares of Netflix from a "strong-buy" rating to a "hold" rating in a research report on Sunday, July 6th. Finally, Canaccord Genuity Group reissued a "buy" rating on shares of Netflix in a research report on Thursday, July 10th. One equities 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 issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $1,317.58.

Netflix Profile

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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