CW Advisors LLC Acquires 5,603 Shares of Netflix, Inc. $NFLX

Key Points

• CW Advisors LLC increased its stake in Netflix by 29.6% during the first quarter, owning 24,527 shares valued at approximately $22.9 million.
• Netflix reported a second-quarter earnings per share (EPS) of $7.19, exceeding analyst expectations, and saw a 15.9% year-over-year revenue increase.
• Insider trading activity was noted, with CFO Spencer Adam Neumann and CEO Gregory K. Peters selling shares, reducing their holdings by 15.65% and 13.68%, respectively.

CW Advisors LLC boosted its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 29.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,527 shares of the Internet television network's stock after acquiring an additional 5,603 shares during the period. CW Advisors LLC's holdings in Netflix were worth $22,922,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC increased its position in Netflix by 100.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after buying an additional 13 shares during the period. Brown Shipley& Co Ltd bought a new position in Netflix during the 4th quarter worth $27,000. Transce3nd LLC bought a new position in Netflix during the 4th quarter worth $32,000. Copia Wealth Management bought a new position in Netflix during the 4th quarter worth $37,000. Finally, Stuart Chaussee & Associates Inc. increased its position in shares of Netflix by 4,500.0% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after purchasing an additional 45 shares during the period. Institutional investors own 80.93% of the company's stock.

Netflix Stock Down 0.1%

NFLX stock traded down $1.56 during mid-day trading on Friday, reaching $1,204.65. 3,122,827 shares of the company traded hands, compared to its average volume of 2,927,073. The stock has a market cap of $511.89 billion, a price-to-earnings ratio of 51.33, a P/E/G ratio of 2.03 and a beta of 1.59. 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, Inc. has a fifty-two week low of $660.80 and a fifty-two week high of $1,341.15. The firm's 50 day moving average price is $1,231.41 and its 200 day moving average price is $1,110.30.

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 (EPS) for the quarter, beating analysts' consensus estimates of $7.07 by $0.12. The business 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%. The business's revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, equities research analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on NFLX shares. Wells Fargo & Company raised their price target 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. Needham & Company LLC restated a "buy" rating and issued a $1,500.00 price target on shares of Netflix in a research note on Friday, July 18th. TD Cowen raised their price target on shares of Netflix from $1,440.00 to $1,450.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Barclays restated a "sell" rating and issued a $1,100.00 price target (up from $1,000.00) on shares of Netflix in a research note on Wednesday, July 9th. Finally, Wolfe Research set a $1,340.00 price target on shares of Netflix and gave the company an "outperform" rating in a research note on Friday, May 16th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Netflix presently has an average rating of "Moderate Buy" and a consensus target price of $1,297.66.

Insiders Place Their Bets

In other news, CEO Theodore A. Sarandos sold 2,026 shares of Netflix stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the completion of the transaction, the chief executive officer directly owned 15,168 shares in the company, valued at approximately $17,604,284.16. This trade represents a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 2,026 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the sale, the chief executive officer directly owned 12,781 shares of the company's stock, valued at $14,793,240.64. This trade represents a 13.68% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 146,307 shares of company stock valued at $179,443,809 over the last ninety days. 1.37% of the stock is owned by corporate insiders.

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.