Core Wealth Advisors Inc. Invests $221,000 in Netflix, Inc. $NFLX

Key Points

• Core Wealth Advisors Inc. acquired 237 shares of Netflix, Inc. for approximately $221,000, reflecting increasing interest from institutional investors.
• The stock recently traded at $1,208.25, with a market cap of $513.42 billion and a PE ratio of 51.48.
• Analysts have bullish projections for Netflix, with price targets raised to between $1,425.00 and $1,500.00, indicating a consensus price target of $1,297.66.

Core Wealth Advisors Inc. purchased a new stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 237 shares of the Internet television network's stock, valued at approximately $221,000.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Netflix by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock valued at $35,433,585,000 after purchasing an additional 509,255 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Netflix by 2.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,732,066 shares of the Internet television network's stock valued at $10,940,505,000 after buying an additional 304,399 shares during the period. GAMMA Investing LLC lifted its position in Netflix by 109,524.3% during the 1st quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock worth $8,239,576,000 after acquiring an additional 8,827,662 shares in the last quarter. Invesco Ltd. boosted its holdings in Netflix by 8.3% in the 1st quarter. Invesco Ltd. now owns 4,664,818 shares of the Internet television network's stock worth $4,350,083,000 after acquiring an additional 356,617 shares during the period. Finally, Wellington Management Group LLP raised its stake in shares of Netflix by 3.5% during the first quarter. Wellington Management Group LLP now owns 4,385,666 shares of the Internet television network's stock valued at $4,089,765,000 after purchasing an additional 148,675 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NFLX. Wells Fargo & Company upped their target price on shares of Netflix from $1,500.00 to $1,560.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Rosenblatt Securities raised their target price on Netflix from $1,514.00 to $1,515.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Robert W. Baird boosted their price target on Netflix from $1,300.00 to $1,500.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. Loop Capital restated a "hold" rating on shares of Netflix in a research note on Tuesday, July 15th. Finally, UBS Group reaffirmed a "market underperform" rating on shares of Netflix in a research report on Saturday, July 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,297.66.

Insider Transactions at Netflix

In other news, Director Reed Hastings sold 22,765 shares of the firm's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $1,162.46, for a total transaction of $26,463,401.90. Following the transaction, the director directly owned 394 shares of the company's stock, valued at approximately $458,009.24. This trade represents a 98.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jay C. Hoag sold 31,750 shares of the company's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $1,252.35, for a total transaction of $39,762,112.50. Following the completion of the sale, the director directly owned 63,040 shares of the company's stock, valued at $78,948,144. The trade was a 33.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 93,629 shares of company stock worth $116,131,982 in the last quarter. 1.37% of the stock is currently owned by corporate insiders.

Netflix Stock Performance

Shares of Netflix stock traded up $5.86 on Tuesday, reaching $1,214.11. 2,297,479 shares of the company were exchanged, compared to its average volume of 2,584,598. The firm has a market cap of $515.91 billion, a price-to-earnings ratio of 51.73, a P/E/G ratio of 2.03 and a beta of 1.60. Netflix, Inc. has a 1-year low of $660.80 and a 1-year high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. The company's 50-day moving average is $1,228.91 and its two-hundred day moving average is $1,120.25.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its 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 return on equity of 42.50% and a net margin of 24.58%.The firm had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same period last year, the company earned $4.88 earnings per share. The firm's revenue for the quarter 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, research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.