4,161 Shares in Netflix, Inc. $NFLX Purchased by Community Financial Services Group LLC

Key Points

• Community Financial Services Group LLC acquired 4,161 shares of Netflix, Inc. for approximately $5.57 million in the second quarter.
• Netflix's recent quarterly earnings showed an EPS of $7.19, exceeding analysts' expectations, with revenue up 15.9% from the previous year.
• Multiple research firms have raised their price targets for Netflix, with Piper Sandler and Wells Fargo both projecting prices of $1,500 and $1,560 respectively.

Community Financial Services Group LLC bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,161 shares of the Internet television network's stock, valued at approximately $5,572,000.

Other institutional investors have also recently made changes to their positions in the company. Halbert Hargrove Global Advisors LLC grew its position 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 purchasing an additional 13 shares in the last quarter. Flaharty Asset Management LLC purchased a new position in Netflix during the 1st quarter valued at approximately $37,000. Maseco LLP purchased a new position in Netflix during the 2nd quarter valued at approximately $39,000. Barnes Dennig Private Wealth Management LLC purchased a new position in Netflix during the 1st quarter valued at approximately $42,000. Finally, 1248 Management LLC purchased a new position in Netflix during the 1st quarter valued at approximately $43,000. Hedge funds and other institutional investors own 80.93% of the company's stock.

Netflix Price Performance

Shares of NFLX stock opened at $1,170.90 on Thursday. Netflix, Inc. has a 52-week low of $677.88 and a 52-week high of $1,341.15. 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 firm has a market capitalization of $497.55 billion, a P/E ratio of 49.89, a P/E/G ratio of 2.02 and a beta of 1.59. The stock has a 50 day moving average price of $1,208.27 and a 200 day moving average price of $1,155.95.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly 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 return on equity of 42.50% and a net margin of 24.58%.The firm had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. During the same period last year, the company earned $4.88 EPS. Netflix's quarterly revenue 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, sell-side analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on NFLX. Piper Sandler raised their price target on Netflix from $1,400.00 to $1,500.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Wells Fargo & Company raised their price target on Netflix from $1,500.00 to $1,560.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Rosenblatt Securities raised their price target on Netflix from $1,514.00 to $1,515.00 and gave the company a "buy" rating in a report on Friday, July 18th. Phillip Securities cut Netflix from a "hold" rating to a "strong sell" rating in a report on Monday, July 21st. Finally, The Goldman Sachs Group cut their price target on Netflix from $1,310.00 to $1,300.00 and set a "neutral" rating for the company in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $1,334.03.

Insider Activity

In other Netflix news, CFO Spencer Adam Neumann sold 2,600 shares of Netflix stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $1,207.76, for a total transaction of $3,140,176.00. Following the completion of the sale, the chief financial officer directly owned 3,691 shares of the company's stock, valued at $4,457,842.16. The trade was a 41.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Reed Hastings sold 25,959 shares of Netflix stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $1,207.71, for a total value of $31,350,943.89. Following the sale, the director directly owned 394 shares of the company's stock, valued at approximately $475,837.74. This trade represents a 98.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 59,324 shares of company stock worth $70,235,556 in the last three months. Corporate insiders own 1.37% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.