939 Shares in Netflix, Inc. $NFLX Bought by Laffer Tengler Investments Inc.

Key Points

• Laffer Tengler Investments Inc. has acquired a new stake in Netflix, purchasing 939 shares valued at approximately $876,000 during the first quarter.
• Netflix reported strong quarterly earnings with a EPS of $7.19, beating consensus estimates and reflecting a year-over-year revenue growth of 15.9%.
• Institutional investors hold 80.93% of Netflix's stock, indicating significant institutional interest, while recent insider sales reduced overall insider ownership to 1.37%.

Laffer Tengler Investments Inc. acquired a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 939 shares of the Internet television network's stock, valued at approximately $876,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Fullcircle Wealth LLC raised its position in shares of Netflix by 2.5% in the first quarter. Fullcircle Wealth LLC now owns 369 shares of the Internet television network's stock valued at $344,000 after buying an additional 9 shares in the last quarter. Capital Analysts LLC increased its stake in Netflix by 0.3% during the 1st quarter. Capital Analysts LLC now owns 2,620 shares of the Internet television network's stock worth $2,443,000 after acquiring an additional 9 shares during the period. Mission Creek Capital Partners Inc. raised its holdings in Netflix by 0.3% in the 4th quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network's stock valued at $3,410,000 after acquiring an additional 10 shares in the last quarter. Continuum Wealth Advisors LLC lifted its stake in Netflix by 4.4% during the first quarter. Continuum Wealth Advisors LLC now owns 235 shares of the Internet television network's stock worth $219,000 after purchasing an additional 10 shares during the last quarter. Finally, Financial Enhancement Group LLC boosted its holdings in shares of Netflix by 2.5% in the 1st quarter. Financial Enhancement Group LLC now owns 412 shares of the Internet television network's stock valued at $384,000 after purchasing an additional 10 shares in the last quarter. Institutional investors own 80.93% of the company's stock.

Netflix Stock Down 0.6%

NASDAQ:NFLX opened at $1,206.21 on Friday. Netflix, Inc. has a one year low of $660.80 and a one 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. The company has a market cap of $512.55 billion, a PE ratio of 51.39, a P/E/G ratio of 2.04 and a beta of 1.59. The firm's 50 day simple moving average is $1,231.56 and its 200 day simple moving average is $1,108.85.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter last year, the firm earned $4.88 earnings per share. The company's revenue for the quarter was up 15.9% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Transactions at Netflix

In related news, insider Cletus R. Willems sold 238 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $1,153.52, for a total value of $274,537.76. 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 stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the sale, the insider directly owned 31,610 shares of the company's stock, valued at $36,625,558.70. This represents a 1.32% decrease in their position. 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. 1.37% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on NFLX shares. Barclays reissued a "sell" rating and set a $1,100.00 price target (up previously from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. Citigroup reissued a "neutral" rating and set a $1,250.00 target price (up previously from $1,020.00) on shares of Netflix in a research note on Thursday, May 29th. Jefferies Financial Group reissued a "buy" rating on shares of Netflix in a report on Tuesday, August 12th. Seaport Res Ptn lowered shares of Netflix from a "strong-buy" rating to a "hold" rating in a report on Sunday, July 6th. Finally, Phillip Securities cut shares of Netflix from a "hold" rating to a "strong sell" rating in a research report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Netflix currently has an average rating of "Moderate Buy" and an average target price of $1,297.66.

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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