Netflix, Inc. $NFLX Shares Acquired by Evergreen Capital Management LLC

Key Points

• Evergreen Capital Management LLC increased its position in Netflix by 3.4%, now owning 6,587 shares worth approximately $6.14 million.
• Netflix reported earnings of $7.19 per share, surpassing expectations and showing a revenue growth of 15.9% year-over-year.
• Analysts maintain a positive outlook on Netflix with a consensus price target of $1,297.66, reflecting an overall rating of "Moderate Buy".

Evergreen Capital Management LLC grew its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 3.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,587 shares of the Internet television network's stock after acquiring an additional 218 shares during the quarter. Evergreen Capital Management LLC's holdings in Netflix were worth $6,143,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC boosted its position in shares of Netflix by 100.0% in the first 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 purchased a new stake in shares of Netflix in the fourth quarter worth about $27,000. Copia Wealth Management purchased a new stake in shares of Netflix in the fourth quarter worth about $37,000. Stuart Chaussee & Associates Inc. boosted 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 buying an additional 45 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Netflix in the first quarter worth about $42,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Stock Up 0.5%

NASDAQ NFLX traded up $5.77 on Tuesday, hitting $1,214.02. 1,696,323 shares of the stock traded hands, compared to its average volume of 4,065,855. The stock has a 50-day moving average of $1,230.21 and a 200 day moving average of $1,119.60. Netflix, Inc. has a twelve month low of $660.80 and a twelve month high of $1,341.15. The company has a market capitalization of $515.87 billion, a P/E ratio of 51.66, a price-to-earnings-growth ratio of 2.03 and a beta of 1.60. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58.

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 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 analysts' expectations of $11.04 billion. During the same quarter in the prior year, the firm posted $4.88 earnings per share. Netflix'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. As a group, analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NFLX. Jefferies Financial Group reaffirmed a "buy" rating on shares of Netflix in a research report on Tuesday, August 12th. Canaccord Genuity Group reaffirmed a "buy" rating on shares of Netflix in a research report on Thursday, July 10th. Barclays reissued a "sell" rating and issued a $1,100.00 price target (up previously from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. Piper Sandler increased their price target on Netflix from $1,400.00 to $1,500.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Finally, Citigroup reissued a "neutral" rating and issued a $1,250.00 price target (up previously from $1,020.00) on shares of Netflix in a report on Thursday, May 29th. 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,297.66.

Insider Activity

In other Netflix news, insider David A. Hyman sold 424 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the sale, the insider owned 31,610 shares in the company, valued at $36,625,558.70. This represents a 1.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Cletus R. Willems sold 238 shares of the 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. Insiders have sold a total of 93,629 shares of company stock valued at $116,131,982 over the last three months. Company insiders own 1.37% of the company's stock.

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.