Berkshire Asset Management LLC PA Makes New Investment in Netflix, Inc. $NFLX

Key Points

• Berkshire Asset Management LLC PA has made a new investment in Netflix, acquiring 206 shares valued at approximately $192,000.
• Several large investors, including BI Asset Management and Sumitomo Mitsui Financial Group, have increased their stakes in Netflix, signaling growing institutional interest in the company.
• Netflix reported a 15.9% year-over-year revenue increase for the last quarter, with earnings per share of $7.19, beating analysts' estimates.

Berkshire Asset Management LLC PA bought a new position in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 206 shares of the Internet television network's stock, valued at approximately $192,000.

Other large investors have also recently added to or reduced their stakes in the company. BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of Netflix by 24.3% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 43,463 shares of the Internet television network's stock valued at $40,531,000 after purchasing an additional 8,505 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. increased its stake in Netflix by 146.7% during the first quarter. Sumitomo Mitsui Financial Group Inc. now owns 200 shares of the Internet television network's stock valued at $187,000 after acquiring an additional 628 shares during the period. Nan Shan Life Insurance Co. Ltd. raised its stake in shares of Netflix by 68.0% in the first quarter. Nan Shan Life Insurance Co. Ltd. now owns 84,052 shares of the Internet television network's stock valued at $78,381,000 after purchasing an additional 34,015 shares in the last quarter. MIG Capital LLC bought a new position in shares of Netflix during the 1st quarter worth about $683,000. Finally, Legacy Financial Advisors Inc. lifted its stake in Netflix by 0.4% during the first quarter. Legacy Financial Advisors Inc. now owns 4,169 shares of the Internet television network's stock worth $3,888,000 after purchasing an additional 15 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Price Performance

Shares of NFLX stock opened at $1,214.15 on Wednesday. The firm's 50 day moving average price is $1,231.86 and its two-hundred day moving average price is $1,106.54. 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, Inc. has a 52-week low of $660.80 and a 52-week high of $1,341.15. The stock has a market cap of $515.93 billion, a PE ratio of 51.73, a PEG ratio of 2.10 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly 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 company had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter in the prior year, the business posted $4.88 EPS. The firm's quarterly revenue 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. As a group, analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Buying and Selling

In related news, Director Jay C. Hoag sold 31,750 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $1,252.35, for a total transaction of $39,762,112.50. Following the completion of the transaction, the director owned 63,040 shares in the company, valued at approximately $78,948,144. The trade was a 33.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gregory K. Peters sold 2,026 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the completion of the sale, the chief executive officer owned 12,781 shares in the company, valued at approximately $14,793,240.64. This trade represents a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 146,307 shares of company stock valued at $179,443,809 over the last 90 days. 1.37% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. UBS Group reiterated a "market underperform" rating on shares of Netflix in a research note on Saturday, July 19th. Needham & Company LLC restated a "buy" rating and issued a $1,500.00 price target on shares of Netflix in a research report on Friday, July 18th. Wedbush restated an "outperform" rating and set a $1,500.00 target price (up previously from $1,400.00) on shares of Netflix in a report on Monday, July 14th. JPMorgan Chase & Co. upped 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 report on Friday, July 18th. Finally, Morgan Stanley reissued an "equal weight" rating on shares of Netflix in a report on Monday, July 21st. One research 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 company's stock. Based on data from MarketBeat, the stock 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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