Everstar Asset Management LLC Purchases Shares of 92,679 Netflix, Inc. $NFLX

Key Points

• Everstar Asset Management LLC has acquired a new stake in Netflix, Inc., purchasing 92,679 shares valued at approximately $86.4 million, making it Netflix's largest holding for Everstar.
• In recent months, several institutional investors have increased or initiated their positions in Netflix, contributing to a total of 80.93% of the stock being owned by institutional investors and hedge funds.
• Netflix's CFO recently sold 2,600 shares of the company's stock, resulting in a 41.33% decrease in their position, while insiders collectively sold 89,348 shares worth over $109 million in the past three months.

Everstar Asset Management LLC purchased a new stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 92,679 shares of the Internet television network's stock, valued at approximately $86,426,000. Netflix accounts for about 16.3% of Everstar Asset Management LLC's holdings, making the stock its largest position.

Other institutional investors have also recently made changes to their positions in the company. Fullcircle Wealth LLC boosted its position in Netflix by 2.5% in the 1st quarter. Fullcircle Wealth LLC now owns 369 shares of the Internet television network's stock worth $344,000 after purchasing an additional 9 shares in the last quarter. Capital Analysts LLC increased its position in shares of Netflix by 0.3% in the first quarter. Capital Analysts LLC now owns 2,620 shares of the Internet television network's stock valued at $2,443,000 after buying an additional 9 shares in the last quarter. Enterprise Financial Services Corp increased its position in shares of Netflix by 1.8% in the first quarter. Enterprise Financial Services Corp now owns 505 shares of the Internet television network's stock valued at $471,000 after buying an additional 9 shares in the last quarter. Continuum Wealth Advisors LLC increased its position in shares of Netflix by 4.4% during the first quarter. Continuum Wealth Advisors LLC now owns 235 shares of the Internet television network's stock worth $219,000 after purchasing an additional 10 shares in the last quarter. Finally, Financial Enhancement Group LLC increased its position in shares of Netflix by 2.5% during the first quarter. Financial Enhancement Group LLC now owns 412 shares of the Internet television network's stock worth $384,000 after purchasing an additional 10 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Analysts Set New Price Targets

NFLX has been the subject of several research reports. Oppenheimer boosted their price target on Netflix from $1,200.00 to $1,425.00 and gave the stock an "outperform" rating in a research report on Thursday, June 12th. Phillip Securities cut Netflix from a "hold" rating to a "strong sell" rating in a research report on Monday, July 21st. Needham & Company LLC reiterated a "buy" rating and set a $1,500.00 price target on shares of Netflix in a research report on Wednesday. Zacks Research cut Netflix from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 1st. Finally, Bank of America boosted their price target on Netflix from $1,175.00 to $1,490.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $1,317.58.

Netflix Stock Down 3.2%

NFLX stock traded down $40.29 during mid-day trading on Thursday, reaching $1,207.42. The company had a trading volume of 2,516,940 shares, compared to its average volume of 4,003,392. 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, Inc. has a fifty-two week low of $677.88 and a fifty-two week high of $1,341.15. The company has a market capitalization of $513.07 billion, a price-to-earnings ratio of 51.36, a price-to-earnings-growth ratio of 2.13 and a beta of 1.60. The firm has a fifty day simple moving average of $1,222.12 and a 200 day simple moving average of $1,128.51.

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 for the quarter, topping the consensus estimate of $7.07 by $0.12. The business had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The business's quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the company earned $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Transactions at Netflix

In related news, CEO Gregory K. Peters sold 2,026 shares of Netflix stock in a transaction 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 directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Reed Hastings sold 25,959 shares of the business's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $1,207.71, for a total value of $31,350,943.89. Following the completion of the transaction, the director directly owned 394 shares of the company's stock, valued at approximately $475,837.74. This trade represents a 98.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 89,348 shares of company stock valued at $109,498,489. 1.37% of the stock is owned by company insiders.

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.