600 Shares in Netflix, Inc. $NFLX Acquired by Chelsea Counsel Co.

Key Points

• Chelsea Counsel Co. has acquired a new stake in Netflix, purchasing 600 shares valued at approximately $560,000 in the first quarter, indicating continued institutional interest in the stock.
• Analysts have adjusted their price targets for Netflix, with Barclays maintaining a "sell" rating at $1,100, while Wells Fargo raised its target to $1,560, reflecting a variety of outlooks on the stock's performance.
• Insider trading activity has seen CEO Gregory K. Peters and Director Reed Hastings selling significant portions of their shares, with Hastings' transaction resulting in a 98.50% decrease in his ownership stake.

Chelsea Counsel Co. acquired a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 600 shares of the Internet television network's stock, valued at approximately $560,000.

A number of other hedge funds also recently modified their holdings of NFLX. Halbert Hargrove Global Advisors LLC lifted its position in Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after acquiring an additional 13 shares in the last quarter. Brown Shipley& Co Ltd acquired a new position in Netflix during the fourth quarter worth $27,000. Flaharty Asset Management LLC acquired a new position in Netflix during the first quarter worth $37,000. Copia Wealth Management acquired a new stake in Netflix in the 4th quarter valued at $37,000. Finally, Barnes Dennig Private Wealth Management LLC bought a new stake in Netflix during the 1st quarter worth about $42,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on NFLX. 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. Wells Fargo & Company increased their price objective on Netflix from $1,500.00 to $1,560.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Needham & Company LLC restated a "buy" rating and set a $1,500.00 target price on shares of Netflix in a report on Wednesday. Robert W. Baird lifted their price objective on shares of Netflix from $1,300.00 to $1,500.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. Finally, JPMorgan Chase & Co. upped their target price 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. One 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $1,317.58.

Netflix Trading Down 1.0%

Shares of NFLX stock opened at $1,250.96 on Wednesday. The stock has a market cap of $531.57 billion, a P/E ratio of 53.29, a price-to-earnings-growth ratio of 2.10 and a beta of 1.60. Netflix, Inc. has a 1 year low of $660.80 and a 1 year high of $1,341.15. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The stock has a 50 day simple moving average of $1,222.86 and a 200 day simple moving average of $1,127.68.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results 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. 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 the consensus estimate of $11.04 billion. During the same period in the prior year, the company posted $4.88 EPS. The company's 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. On average, research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Transactions at Netflix

In other Netflix news, CEO Gregory K. Peters sold 2,026 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the sale, the chief executive officer directly owned 12,781 shares of the company's stock, valued at $14,793,240.64. The trade was a 13.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Reed Hastings sold 25,959 shares of the firm's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $1,207.71, for a total value of $31,350,943.89. Following the transaction, the director directly owned 394 shares of the company's stock, valued at approximately $475,837.74. This represents a 98.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 89,348 shares of company stock worth $109,498,489. 1.37% of the stock is owned by corporate insiders.

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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