Eaton Financial Holdings Company LLC Makes New $560,000 Investment in Netflix, Inc. $NFLX

Key Points

• Eaton Financial Holdings Company LLC has made a new investment in Netflix, Inc., acquiring approximately $560,000 worth of stock in the second quarter.
• A number of institutional investors, including Optima Capital LLC and Fullcircle Wealth LLC, have also increased their stakes in Netflix, indicating strong institutional interest in the company.
• Analysts have raised their price targets for Netflix, with several firms like Piper Sandler and TD Cowen setting targets as high as $1,500.00, reflecting positive sentiment about the company's growth potential.

Eaton Financial Holdings Company LLC acquired a new position in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 418 shares of the Internet television network's stock, valued at approximately $560,000.

A number of other institutional investors also recently made changes to their positions in NFLX. Optima Capital LLC grew its stake in shares of Netflix by 3.5% during the second quarter. Optima Capital LLC now owns 239 shares of the Internet television network's stock valued at $320,000 after buying an additional 8 shares during the last quarter. Fullcircle Wealth LLC lifted its stake in shares of Netflix by 2.5% in the 1st quarter. Fullcircle Wealth LLC now owns 369 shares of the Internet television network's stock valued at $344,000 after acquiring an additional 9 shares during the last quarter. Capital Analysts LLC boosted its holdings in Netflix by 0.3% during the 1st quarter. Capital Analysts LLC now owns 2,620 shares of the Internet television network's stock valued at $2,443,000 after acquiring an additional 9 shares during the period. Enterprise Financial Services Corp grew its position in Netflix by 1.8% during the 1st quarter. Enterprise Financial Services Corp now owns 505 shares of the Internet television network's stock worth $471,000 after acquiring an additional 9 shares during the last quarter. Finally, Sunpointe LLC increased its stake in Netflix by 1.4% in the 2nd quarter. Sunpointe LLC now owns 644 shares of the Internet television network's stock worth $862,000 after purchasing an additional 9 shares during the period. Hedge funds and other institutional investors own 80.93% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NFLX. Piper Sandler increased their price objective on Netflix from $1,400.00 to $1,500.00 and gave the company an "overweight" rating in a research note 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 report on Wednesday, September 10th. Morgan Stanley reissued an "equal weight" rating on shares of Netflix in a report on Monday, July 21st. TD Cowen boosted their price objective on shares of Netflix from $1,440.00 to $1,450.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Finally, JPMorgan Chase & Co. increased their target price on shares of Netflix from $1,230.00 to $1,300.00 and gave the stock a "neutral" rating in a report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $1,328.87.

Insider Buying and Selling at Netflix

In related news, Director Reed Hastings sold 25,959 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the director owned 394 shares of the company's stock, valued at $475,837.74. This trade represents a 98.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gregory K. Peters sold 2,026 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total transaction 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. The trade was a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 89,348 shares of company stock worth $109,498,489 in the last 90 days. Insiders own 1.37% of the company's stock.

Netflix Stock Up 0.0%

NFLX stock opened at $1,227.37 on Tuesday. The business has a 50 day moving average of $1,211.80 and a 200 day moving average of $1,144.65. The firm has a market cap of $521.55 billion, a PE ratio of 52.30, a price-to-earnings-growth ratio of 2.07 and a beta of 1.60. Netflix, Inc. has a twelve month low of $677.88 and a twelve month 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 earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS 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 business had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same period in the previous year, the company posted $4.88 earnings per share. The company'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 forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

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.

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