Balefire LLC Acquires 369 Shares of Netflix, Inc. $NFLX

Key Points

• Balefire LLC has increased its holdings in Netflix, Inc. by 75.2%, acquiring an additional 369 shares, bringing its total to 860 shares valued at approximately $1,152,000.
• Several institutional investors, such as Brighton Jones LLC and Zurich Insurance Group, have also increased their positions in Netflix, indicating strong institutional support with 80.93% of the stock currently owned by institutional investors.
• Analysts' ratings on Netflix stock vary, with 22 buy ratings and a consensus target price of $1,317.58, reflecting a generally positive outlook despite some caution from firms like UBS.

Balefire LLC boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 75.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 860 shares of the Internet television network's stock after acquiring an additional 369 shares during the period. Balefire LLC's holdings in Netflix were worth $1,152,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in NFLX. Brighton Jones LLC grew its position in shares of Netflix by 5.0% during the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock worth $4,804,000 after buying an additional 257 shares during the period. Revolve Wealth Partners LLC increased its stake in Netflix by 16.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock valued at $912,000 after purchasing an additional 144 shares in the last quarter. Visionary Wealth Advisors increased its stake in Netflix by 8.6% in the fourth quarter. Visionary Wealth Advisors now owns 1,120 shares of the Internet television network's stock valued at $999,000 after purchasing an additional 89 shares in the last quarter. Zurich Insurance Group Ltd FI raised its holdings in Netflix by 10.9% in the fourth quarter. Zurich Insurance Group Ltd FI now owns 197,799 shares of the Internet television network's stock worth $176,302,000 after purchasing an additional 19,396 shares during the period. Finally, Woodline Partners LP acquired a new position in shares of Netflix in the 4th quarter valued at $20,787,000. 80.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NFLX has been the topic of several recent analyst reports. Loop Capital reiterated a "hold" rating on shares of Netflix in a report on Tuesday, July 15th. JPMorgan Chase & Co. increased their target price on Netflix from $1,230.00 to $1,300.00 and gave the stock a "neutral" rating in a research note on Friday, July 18th. Seaport Res Ptn lowered shares of Netflix from a "strong-buy" rating to a "hold" rating in a research note on Sunday, July 6th. UBS Group reissued a "market underperform" rating on shares of Netflix in a research report on Saturday, July 19th. Finally, Piper Sandler boosted their price objective on shares of Netflix from $1,400.00 to $1,500.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,317.58.

Insiders Place Their Bets

In other Netflix news, CEO Gregory K. Peters sold 2,026 shares of the 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 transaction, the chief executive officer owned 12,781 shares in the company, valued at $14,793,240.64. This represents a 13.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Spencer Adam Neumann sold 2,600 shares of Netflix stock in a transaction that occurred on Tuesday, September 2nd. The shares were 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 owned 3,691 shares of the company's stock, valued at approximately $4,457,842.16. The trade was a 41.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 89,348 shares of company stock worth $109,498,489. 1.37% of the stock is currently owned by insiders.

Netflix Stock Performance

Shares of NFLX stock opened at $1,200.51 on Wednesday. Netflix, Inc. has a 52 week low of $677.88 and a 52 week high of $1,341.15. The company has a market capitalization of $510.13 billion, a price-to-earnings ratio of 51.15, a PEG ratio of 2.02 and a beta of 1.60. The company has a 50-day simple moving average of $1,214.91 and a 200 day simple moving average of $1,135.62. 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 released its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating the consensus estimate of $7.07 by $0.12. The firm had revenue of $11.08 billion for the quarter, compared to analysts' expectations of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business's revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the firm earned $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.

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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