Defined Financial Planning LLC Makes New Investment in Netflix, Inc. $NFLX

Key Points

• Defined Financial Planning LLC has acquired a new stake in Netflix, purchasing 240 shares worth approximately $302,000 during the second quarter.
• Analysts have increased target prices for Netflix, with firms like Sanford C. Bernstein and BMO Capital Markets raising their price targets, contributing to a consensus rating of "Moderate Buy".
• Insider trading activity includes CEO Gregory K. Peters selling 2,026 shares, reflecting a 13.68% decrease in his position, highlighting potential caution among insiders amidst recent stock performance.

Defined Financial Planning LLC purchased a new stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 240 shares of the Internet television network's stock, valued at approximately $302,000.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Netflix by 1.4% during 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 buying an additional 509,255 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Netflix by 2.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,732,066 shares of the Internet television network's stock worth $10,940,505,000 after buying an additional 304,399 shares in the last quarter. Alliancebernstein L.P. raised its holdings in Netflix by 1.0% during the first quarter. Alliancebernstein L.P. now owns 5,194,939 shares of the Internet television network's stock valued at $4,844,436,000 after acquiring an additional 53,611 shares during the period. Invesco Ltd. lifted its position in shares of Netflix by 8.3% in the first quarter. Invesco Ltd. now owns 4,664,818 shares of the Internet television network's stock valued at $4,350,083,000 after acquiring an additional 356,617 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of Netflix by 3.5% in 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 acquiring an additional 148,675 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NFLX has been the subject of several research analyst reports. Sanford C. Bernstein increased their target price on Netflix from $1,200.00 to $1,390.00 and gave the stock an "outperform" rating in a research report on Thursday, July 17th. BMO Capital Markets reaffirmed an "outperform" rating and set a $1,425.00 price objective (up from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. JPMorgan Chase & Co. lifted their price objective on shares of Netflix from $1,230.00 to $1,300.00 and gave the company a "neutral" rating in a research report on Friday, July 18th. Canaccord Genuity Group reissued a "buy" rating on shares of Netflix in a report on Thursday, July 10th. Finally, TD Cowen raised their target price 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. One analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Netflix currently has a consensus rating of "Moderate Buy" and an average target price of $1,335.00.

Insider Activity

In related news, CEO Gregory K. Peters sold 2,026 shares of the stock in a transaction dated 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 owned 12,781 shares of the company's stock, valued at approximately $14,793,240.64. This trade represents a 13.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Cletus R. Willems sold 238 shares of the business's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $1,153.52, for a total value of $274,537.76. The disclosure for this sale can be found here. In the last three months, insiders sold 104,100 shares of company stock worth $122,710,980. 1.37% of the stock is owned by insiders.

Netflix Trading Up 0.9%

NFLX stock opened at $1,163.31 on Tuesday. The firm has a fifty day moving average price of $1,207.13 and a 200 day moving average price of $1,163.23. Netflix, Inc. has a fifty-two week low of $677.88 and a fifty-two week high of $1,341.15. The firm has a market cap of $494.33 billion, a PE ratio of 49.57, a price-to-earnings-growth ratio of 1.94 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $11.04 billion. During the same quarter in the prior year, the firm earned $4.88 earnings per share. Netflix'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. Sell-side analysts anticipate 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.

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