Chapin Davis Inc. Acquires Shares of 4,024 Netflix, Inc. $NFLX

Key Points

• Chapin Davis Inc. has acquired a new stake in Netflix, purchasing 4,024 shares valued at approximately $5.39 million, making Netflix about 1.5% of its holdings.
• Significant increases in stakes from other hedge funds were noted, with Vanguard Group Inc. and Price T Rowe Associates Inc. increasing their positions by 1.4% and 2.7%, respectively.
• Netflix's stock has a current market cap of $521.38 billion and has shown a 15.9% year-over-year increase in revenue, with the company reporting an EPS of $7.19 for the last quarter.

Chapin Davis Inc. bought a new stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,024 shares of the Internet television network's stock, valued at approximately $5,389,000. Netflix accounts for 1.5% of Chapin Davis Inc.'s portfolio, making the stock its 18th largest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Halbert Hargrove Global Advisors LLC grew its stake in shares of Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after acquiring an additional 13 shares during the last quarter. Copia Wealth Management acquired a new position in Netflix during the fourth quarter worth $37,000. Flaharty Asset Management LLC acquired a new position in shares of Netflix in the first quarter worth $37,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in Netflix during the first quarter valued at about $42,000. Finally, 1248 Management LLC acquired a new position in shares of Netflix during the first quarter worth about $43,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Gregory K. Peters sold 2,026 shares of the company's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the completion of the transaction, the chief executive officer directly owned 12,781 shares in the company, valued at approximately $14,793,240.64. This represents a 13.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Reed Hastings sold 25,959 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $1,207.71, for a total transaction of $31,350,943.89. Following the sale, the director owned 394 shares of the company's stock, valued at approximately $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 have sold a total of 89,348 shares of company stock worth $109,498,489 over the last ninety days. 1.37% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

NFLX has been the subject of several recent research reports. Barclays reaffirmed a "sell" rating and set a $1,100.00 target price (up from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. Oppenheimer increased their price objective on Netflix from $1,200.00 to $1,425.00 and gave the stock an "outperform" rating in a report on Thursday, June 12th. Bank of America raised their price target on Netflix from $1,175.00 to $1,490.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Needham & Company LLC reaffirmed a "buy" rating and set a $1,500.00 price objective on shares of Netflix in a report on Wednesday, September 10th. Finally, Wall Street Zen upgraded shares of Netflix from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. One investment 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, Netflix presently has a consensus rating of "Moderate Buy" and an average target price of $1,328.87.

Netflix Stock Up 0.0%

NFLX traded up $0.40 during midday trading on Monday, hitting $1,227.37. The company had a trading volume of 2,543,834 shares, compared to its average volume of 2,749,690. The company has a market capitalization of $521.55 billion, a price-to-earnings ratio of 52.30, a PEG ratio of 2.07 and a beta of 1.60. The stock's 50 day moving average price is $1,211.80 and its 200 day moving average price is $1,144.65. Netflix, Inc. has a 52 week low of $677.88 and a 52 week high of $1,341.15. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58.

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, topping the consensus estimate of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business had revenue of $11.08 billion for the quarter, compared to analysts' expectations of $11.04 billion. During the same period in the previous year, the company earned $4.88 earnings per share. The firm's revenue for the quarter was up 15.9% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal 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.