Netflix, Inc. $NFLX Shares Purchased by Cyrus J. Lawrence LLC

Key Points

• Cyrus J. Lawrence LLC significantly increased its holdings in Netflix, acquiring 432 shares and boosting its stake by 2,880.0%, raising its total ownership to 447 shares valued at $416,000.
• Netflix recently reported an EPS of $7.19 for the quarter, exceeding expectations and reflecting a 15.9% increase in quarterly revenue compared to the same period last year.
• Institutional investors control 80.93% of Netflix's shares, with several firms adjusting their positions in the fourth quarter, highlighting ongoing interest in the company's stock.

Cyrus J. Lawrence LLC boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 2,880.0% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 447 shares of the Internet television network's stock after acquiring an additional 432 shares during the period. Cyrus J. Lawrence LLC's holdings in Netflix were worth $416,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Halbert Hargrove Global Advisors LLC raised its stake in 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 last quarter. Brown Shipley& Co Ltd purchased a new stake in Netflix in the 4th quarter valued at $27,000. Copia Wealth Management purchased a new stake in Netflix in the 4th quarter valued at $37,000. Barnes Dennig Private Wealth Management LLC acquired a new position in Netflix in the first quarter valued at approximately $42,000. Finally, Stuart Chaussee & Associates Inc. lifted its holdings in Netflix by 4,500.0% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock valued at $41,000 after acquiring an additional 45 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Stock Performance

NFLX traded up $5.86 during trading on Tuesday, hitting $1,214.11. The stock had a trading volume of 2,297,479 shares, compared to its average volume of 2,584,598. 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 firm has a market capitalization of $515.91 billion, a P/E ratio of 51.73, a PEG ratio of 2.03 and a beta of 1.60. The company's 50-day moving average price is $1,230.21 and its 200 day moving average price is $1,119.60. Netflix, Inc. has a twelve month low of $660.80 and a twelve month high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating 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 company 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 posted $4.88 EPS. Netflix's revenue 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, equities research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NFLX. Robert W. Baird lifted their price objective on Netflix from $1,300.00 to $1,500.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. JPMorgan Chase & Co. increased their price target on shares of Netflix from $1,230.00 to $1,300.00 and gave the company a "neutral" rating in a research note on Friday, July 18th. Rosenblatt Securities upped their target price on shares of Netflix from $1,514.00 to $1,515.00 and gave the company a "buy" rating in a report on Friday, July 18th. Needham & Company LLC reiterated a "buy" rating and set a $1,500.00 price target on shares of Netflix in a research note on Friday, July 18th. Finally, Sanford C. Bernstein raised their price target on Netflix from $1,200.00 to $1,390.00 and gave the stock an "outperform" rating in a research note on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $1,297.66.

Insider Activity at Netflix

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 sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gregory K. Peters 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 $1,157.44, for a total transaction of $2,344,973.44. Following the sale, the chief executive officer owned 12,781 shares of the company's stock, valued at approximately $14,793,240.64. The trade was a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 93,629 shares of company stock worth $116,131,982. 1.37% of the stock is currently owned by company insiders.

Netflix 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.