First Business Financial Services Inc. Buys New Shares in Netflix, Inc. $NFLX

Key Points

• First Business Financial Services Inc. acquired 1,718 shares of Netflix, Inc. valued at approximately $2.3 million during the second quarter.
• Netflix reported earnings per share of $5.87 for the quarter, missing analysts' expectations of $6.88, with revenues at $11.51 billion.
• As of the latest analysis, Netflix has a consensus rating of "Moderate Buy" with a price target averaging $1,352.78 from various analysts.

First Business Financial Services Inc. acquired a new position in 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 firm acquired 1,718 shares of the Internet television network's stock, valued at approximately $2,301,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stephens Consulting LLC boosted its position in shares of Netflix by 150.0% in the second quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network's stock worth $33,000 after purchasing an additional 15 shares during the period. Maseco LLP purchased a new position in shares of Netflix during the 2nd quarter valued at $39,000. LGT Financial Advisors LLC purchased a new stake in Netflix in the 2nd quarter worth $40,000. Mid American Wealth Advisory Group Inc. bought a new stake in Netflix during the second quarter valued at about $44,000. Finally, Ransom Advisory Ltd purchased a new position in shares of Netflix in the second quarter valued at about $47,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Trading Down 0.2%

Shares of NASDAQ NFLX opened at $1,113.59 on Friday. The business's 50 day moving average price is $1,210.10 and its 200-day moving average price is $1,183.73. Netflix, Inc. has a fifty-two week low of $746.25 and a fifty-two week high of $1,341.15. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.34 and a current ratio of 1.33. The company has a market cap of $473.19 billion, a price-to-earnings ratio of 46.52, a PEG ratio of 1.89 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results on Tuesday, October 21st. The Internet television network reported $5.87 EPS for the quarter, missing analysts' consensus estimates of $6.88 by ($1.01). The company had revenue of $11.51 billion during the quarter, compared to the consensus estimate of $11.52 billion. Netflix had a return on equity of 41.86% and a net margin of 24.05%.The company's revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.40 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. On average, sell-side analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on NFLX shares. Sanford C. Bernstein restated a "buy" rating on shares of Netflix in a research note on Friday, October 17th. TD Cowen decreased their target price on Netflix from $1,450.00 to $1,425.00 and set a "buy" rating on the stock in a research report on Tuesday, October 7th. Barclays restated a "sell" rating and set a $1,100.00 price target (up previously from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. KeyCorp raised their target price on shares of Netflix from $1,070.00 to $1,390.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $1,500.00 price target on shares of Netflix in a research note on Wednesday. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $1,352.78.

Insider Buying and Selling

In other news, insider Cletus R. Willems sold 238 shares of the stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total transaction of $274,537.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Reed Hastings sold 42,176 shares of the business's stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total transaction of $49,426,897.92. Following the completion of the transaction, the director directly owned 394 shares of the company's stock, valued at $461,736.48. This trade represents a 99.07% decrease in their position. The disclosure for this sale can be found here. Insiders sold 104,100 shares of company stock valued at $122,710,980 over the last quarter. 1.37% of the stock is 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.

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