5,521 Shares in Netflix, Inc. $NFLX Bought by Bowie Capital Management LLC

Key Points

• Bowie Capital Management LLC purchased 5,521 shares of Netflix, valued at approximately $5.1 million, marking it as the firm's 25th biggest holding.
• Key insider transactions included Director Jay C. Hoag selling 31,750 shares, and Reed Hastings selling 26,933 shares, reflecting significant decreases in their respective ownership stakes.
• Analysts have set a consensus target price of $1,297.66 for Netflix, with a rating of "Moderate Buy" and noted that the stock reported a quarterly EPS of $7.19, exceeding estimates.

Bowie Capital Management LLC acquired a new stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,521 shares of the Internet television network's stock, valued at approximately $5,148,000. Netflix comprises 0.2% of Bowie Capital Management LLC's portfolio, making the stock its 25th biggest holding.

Other institutional investors also recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC increased its holdings in Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after buying an additional 13 shares during the last quarter. Brown Shipley& Co Ltd bought a new stake in Netflix during the fourth quarter valued at about $27,000. Transce3nd LLC bought a new stake in Netflix during the fourth quarter valued at about $32,000. Copia Wealth Management purchased a new position in shares of Netflix in the fourth quarter valued at about $37,000. Finally, Stuart Chaussee & Associates Inc. boosted its stake in shares of Netflix by 4,500.0% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after acquiring an additional 45 shares during the period. Institutional investors own 80.93% of the company's stock.

Insider Transactions at Netflix

In other news, CEO Theodore A. Sarandos sold 2,026 shares of Netflix stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the transaction, the chief executive officer directly owned 15,168 shares in the company, valued at approximately $17,604,284.16. This trade represents a 11.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider David A. Hyman sold 424 shares of the company's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,158.67, for a total value of $491,276.08. Following the sale, the insider owned 31,610 shares of the company's stock, valued at $36,625,558.70. This trade represents a 1.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 146,307 shares of company stock worth $179,443,809. Insiders own 1.37% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NFLX. Robert W. Baird lifted their target price on Netflix from $1,300.00 to $1,500.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Barclays reissued a "sell" rating and issued a $1,100.00 target price (up previously from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. Morgan Stanley reaffirmed an "equal weight" rating on shares of Netflix in a research note on Monday, July 21st. JPMorgan Chase & Co. boosted their price target on shares of Netflix from $1,230.00 to $1,300.00 and gave the stock a "neutral" rating in a research note on Friday, July 18th. Finally, Sanford C. Bernstein increased their price objective 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. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $1,297.66.

Netflix Trading Down 0.7%

NASDAQ NFLX traded down $8.0810 during trading on Wednesday, hitting $1,206.0690. The stock had a trading volume of 1,349,778 shares, compared to its average volume of 4,147,809. Netflix, Inc. has a one year low of $660.80 and a one year high of $1,341.15. The stock has a 50 day simple moving average of $1,231.86 and a 200 day simple moving average of $1,106.54. The stock has a market capitalization of $512.49 billion, a price-to-earnings ratio of 51.44, a P/E/G ratio of 2.10 and a beta of 1.59. 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 announced its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating analysts' consensus estimates of $7.07 by $0.12. The company had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm's revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter last year, the business posted $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Sell-side analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Netflix Company 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.