BlueChip Wealth Advisors LLC Purchases Shares of 229 Netflix, Inc. $NFLX

Key Points

• BlueChip Wealth Advisors LLC purchased 229 shares of Netflix, valued at approximately $307,000, during the second quarter as reported to the SEC.
• A significant insider selling occurred, with Director Reed Hastings divesting 42,176 shares, representing a 99.07% decrease in his ownership.
• Wall Street analysts have various ratings for Netflix, with a consensus rating of "Moderate Buy" and an average target price of $1,336.69, emphasizing a positive growth outlook.

BlueChip Wealth Advisors LLC purchased a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 229 shares of the Internet television network's stock, valued at approximately $307,000.

A number of other large investors have also recently bought and sold shares of the stock. Optima Capital LLC boosted its stake in Netflix by 3.5% in the second quarter. Optima Capital LLC now owns 239 shares of the Internet television network's stock worth $320,000 after purchasing an additional 8 shares in the last quarter. Unified Investment Management boosted its stake in Netflix by 1.7% in the second quarter. Unified Investment Management now owns 474 shares of the Internet television network's stock worth $635,000 after purchasing an additional 8 shares in the last quarter. Plancorp LLC boosted its stake in Netflix by 0.6% in the second quarter. Plancorp LLC now owns 1,278 shares of the Internet television network's stock worth $1,711,000 after purchasing an additional 8 shares in the last quarter. Five Oceans Advisors boosted its stake in Netflix by 1.1% in the second quarter. Five Oceans Advisors now owns 751 shares of the Internet television network's stock worth $1,006,000 after purchasing an additional 8 shares in the last quarter. Finally, Old Port Advisors boosted its stake in Netflix by 1.3% in the second quarter. Old Port Advisors now owns 624 shares of the Internet television network's stock worth $836,000 after purchasing an additional 8 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Netflix news, insider Cletus R. Willems sold 238 shares of the stock in a transaction dated 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Reed Hastings sold 42,176 shares of the stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the completion of the sale, the director owned 394 shares of the company's stock, valued at $461,736.48. This trade represents a 99.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 104,100 shares of company stock valued at $122,710,980. 1.37% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on NFLX. Rosenblatt Securities boosted their price objective on Netflix from $1,514.00 to $1,515.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. KeyCorp upped their price target on Netflix from $1,070.00 to $1,390.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Netflix in a research note on Tuesday, October 14th. Piper Sandler upped their price target on Netflix from $1,400.00 to $1,500.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Finally, Barclays reaffirmed a "sell" rating and set a $1,100.00 price target (up previously from $1,000.00) on shares of Netflix in a research note on Wednesday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $1,336.69.

Netflix Trading Up 0.2%

NASDAQ:NFLX opened at $1,241.35 on Wednesday. Netflix, Inc. has a 1-year low of $744.26 and a 1-year high of $1,341.15. The business's 50-day moving average price is $1,214.20 and its two-hundred day moving average price is $1,182.49. 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 firm has a market capitalization of $527.49 billion, a price-to-earnings ratio of 52.89, a PEG ratio of 2.08 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share for the quarter, missing the consensus estimate of $6.88 by ($1.01). Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company had revenue of $11.51 billion during the quarter, compared to analyst estimates of $11.52 billion. During the same period in the previous year, the company posted $5.40 EPS. The company's quarterly revenue was up 17.2% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. On average, equities analysts expect 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.

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