Challenger Wealth Management Invests $205,000 in Netflix, Inc. $NFLX

Key Points

• Challenger Wealth Management acquired 220 shares of Netflix, Inc., valued at approximately $205,000, during the first quarter of the year.
• Analysts have issued mixed ratings for Netflix, with a consensus rating of "Moderate Buy" and a target price of $1,317.58, following recent adjustments by major firms.
• Netflix reported earnings of $7.19 per share for the last quarter, exceeding estimates, and experienced a 15.9% year-over-year revenue increase with revenue totaling $11.08 billion.

Challenger Wealth Management bought a new position in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 220 shares of the Internet television network's stock, valued at approximately $205,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Resurgent Financial Advisors LLC increased its holdings in shares of Netflix by 234.4% in the 1st quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network's stock worth $942,000 after purchasing an additional 708 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of Netflix by 42.1% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 441,861 shares of the Internet television network's stock worth $412,059,000 after purchasing an additional 130,946 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Netflix by 8.7% in the 4th quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network's stock worth $1,227,468,000 after purchasing an additional 110,432 shares in the last quarter. PharVision Advisers LLC bought a new stake in shares of Netflix in the 4th quarter worth $873,000. Finally, New England Research & Management Inc. increased its holdings in shares of Netflix by 148.5% in the 1st quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network's stock worth $1,979,000 after purchasing an additional 1,268 shares in the last quarter. Institutional investors own 80.93% of the company's stock.

Insiders Place Their Bets

In other news, CEO Gregory K. Peters sold 2,026 shares of the business's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the transaction, the chief executive officer directly owned 12,781 shares in the company, valued at $14,793,240.64. The trade was a 13.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Theodore A. Sarandos sold 2,026 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the completion of the transaction, the chief executive officer owned 15,168 shares in the company, valued at $17,604,284.16. The trade was a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 89,348 shares of company stock valued at $109,498,489 over the last three months. Insiders own 1.37% of the company's stock.

Netflix Stock Performance

NASDAQ NFLX traded down $15.54 on Wednesday, hitting $1,247.71. 2,525,761 shares of the company traded hands, compared to its average volume of 4,009,064. The business's 50 day moving average price is $1,222.86 and its 200-day moving average price is $1,127.68. Netflix, Inc. has a 52-week low of $660.80 and a 52-week high of $1,341.15. The company has a market capitalization of $530.19 billion, a price-to-earnings ratio of 53.16, a P/E/G ratio of 2.10 and a beta of 1.60. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating the consensus estimate of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The business had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same period in the previous year, the business earned $4.88 earnings per share. The business's 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. Equities analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

NFLX has been the subject of a number of research analyst reports. Jefferies Financial Group reissued a "buy" rating on shares of Netflix in a report on Tuesday, August 12th. Canaccord Genuity Group reaffirmed a "buy" rating on shares of Netflix in a report on Thursday, July 10th. Piper Sandler lifted their price objective on Netflix from $1,400.00 to $1,500.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. Wells Fargo & Company lifted their price objective on Netflix from $1,500.00 to $1,560.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. Finally, Loop Capital reaffirmed a "hold" rating on shares of Netflix in a report on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Netflix currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,317.58.

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.