First Pacific Financial Boosts Stock Holdings in Netflix, Inc. $NFLX

Key Points

• First Pacific Financial increased its shareholding in Netflix by 331% during Q2, now owning 362 shares worth approximately $485,000.
• Netflix reported earnings of $7.19 per share, exceeding analysts' expectations and experiencing a 15.9% year-over-year revenue growth to $11.08 billion.
• Brokerage firms are optimistic, with multiple upgrades to Netflix's stock price target, now ranging from $1,350 to $1,500, reflecting a consensus target price of $1,334.03.

First Pacific Financial grew its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 331.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 362 shares of the Internet television network's stock after acquiring an additional 278 shares during the quarter. First Pacific Financial's holdings in Netflix were worth $485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of NFLX. Brighton Jones LLC boosted its holdings in Netflix by 5.0% during the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock worth $4,804,000 after acquiring an additional 257 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in Netflix by 16.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock worth $912,000 after acquiring an additional 144 shares during the last quarter. Capital Asset Advisory Services LLC boosted its holdings in Netflix by 59.4% during the 1st quarter. Capital Asset Advisory Services LLC now owns 601 shares of the Internet television network's stock worth $562,000 after acquiring an additional 224 shares during the last quarter. Kwmg LLC purchased a new position in shares of Netflix in the 1st quarter worth about $201,000. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Netflix by 16.4% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 1,756 shares of the Internet television network's stock worth $1,638,000 after buying an additional 248 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Trading Down 2.3%

Shares of NFLX opened at $1,170.90 on Thursday. The business's 50-day moving average price is $1,208.27 and its 200-day moving average price is $1,155.95. Netflix, Inc. has a twelve month low of $677.88 and a twelve month high of $1,341.15. The stock has a market cap of $497.55 billion, a PE ratio of 49.89, a P/E/G ratio of 2.02 and a beta of 1.59. 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 announced its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share 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 period in the prior year, the business posted $4.88 earnings per share. The company'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. On average, equities analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on NFLX. Robert W. Baird boosted their price target on shares of Netflix from $1,300.00 to $1,500.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Pivotal Research reissued a "buy" rating on shares of Netflix in a report on Thursday, July 10th. Oppenheimer boosted their price target on shares of Netflix from $1,200.00 to $1,425.00 and gave the stock an "outperform" rating in a report on Thursday, June 12th. BMO Capital Markets reissued an "outperform" rating and issued a $1,425.00 price target (up from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. Finally, Loop Capital raised shares of Netflix from a "hold" rating to a "buy" rating and boosted their price target for the stock from $1,150.00 to $1,350.00 in a report on Wednesday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $1,334.03.

Insider Buying and Selling

In related news, CFO Spencer Adam Neumann sold 2,601 shares of the company's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $1,162.40, for a total value of $3,023,402.40. Following the transaction, the chief financial officer directly owned 3,691 shares in the company, valued at approximately $4,290,418.40. This represents a 41.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Theodore A. Sarandos sold 2,026 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the completion of the transaction, the chief executive officer owned 15,168 shares in the company, valued at approximately $17,604,284.16. This trade represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 59,324 shares of company stock valued at $70,235,556 in the last 90 days. 1.37% of the stock is owned by company insiders.

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.

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