B.O.S.S. Retirement Advisors LLC Acquires New Shares in Netflix, Inc. $NFLX

Key Points

• B.O.S.S. Retirement Advisors LLC has acquired a new stake in Netflix, purchasing 268 shares valued at approximately $359,000 during the 2nd quarter.
• Insider activity has been notable, with significant share sales by insiders including David A. Hyman and Reed Hastings, totaling over $70 million in stock sold within the last three months.
• Netflix's stock is currently down 2.3%, with an average price target of about $1,334.03 from various analysts, reflecting a generally favorable outlook despite the recent dip.

B.O.S.S. Retirement Advisors LLC acquired a new stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 268 shares of the Internet television network's stock, valued at approximately $359,000.

Several other hedge funds also recently modified their holdings of the company. Halbert Hargrove Global Advisors LLC lifted its stake in shares of 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 purchasing an additional 13 shares during the period. Maseco LLP acquired a new position in shares of Netflix in the 2nd quarter valued at about $39,000. Ransom Advisory Ltd acquired a new position in shares of Netflix in the 2nd quarter valued at about $47,000. Flaharty Asset Management LLC acquired a new position in shares of Netflix in the 1st quarter valued at about $37,000. Finally, Signature Resources Capital Management LLC lifted its stake in shares of Netflix by 740.0% in the 2nd quarter. Signature Resources Capital Management LLC now owns 42 shares of the Internet television network's stock valued at $56,000 after purchasing an additional 37 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Activity at Netflix

In related news, insider David A. Hyman sold 424 shares of the company's stock in a transaction dated 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 transaction, the insider directly owned 31,610 shares in the company, valued at approximately $36,625,558.70. This represents a 1.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Reed Hastings sold 25,959 shares of the company's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $1,207.71, for a total transaction of $31,350,943.89. Following the completion of the transaction, the director owned 394 shares in the company, valued at $475,837.74. This represents a 98.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 59,324 shares of company stock worth $70,235,556 in the last three months. 1.37% of the stock is owned by insiders.

Netflix Stock Down 2.3%

NFLX opened at $1,170.90 on Thursday. 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 fifty-two week low of $677.88 and a fifty-two week high of $1,341.15. The firm's fifty day moving average is $1,208.27 and its 200 day moving average is $1,155.95. The stock has a market cap of $497.55 billion, a price-to-earnings ratio of 49.89, a price-to-earnings-growth ratio of 2.02 and a beta of 1.59.

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. The company 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%. Netflix's revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the company 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 forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on NFLX shares. Zacks Research downgraded Netflix from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 1st. JPMorgan Chase & Co. boosted their price objective on Netflix from $1,230.00 to $1,300.00 and gave the company a "neutral" rating in a research note on Friday, July 18th. Piper Sandler boosted their target price on Netflix from $1,400.00 to $1,500.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Loop Capital raised Netflix from a "hold" rating to a "buy" rating and boosted their target price for the company from $1,150.00 to $1,350.00 in a research report on Wednesday, September 17th. Finally, TD Cowen boosted their target price on Netflix from $1,440.00 to $1,450.00 and gave the company a "buy" rating in a research report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $1,334.03.

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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