Franklin Parlapiano Turner & Welch LLC Makes New $287,000 Investment in Netflix, Inc. $NFLX

Key Points

• Franklin Parlapiano Turner & Welch LLC invested approximately $287,000 in Netflix, acquiring 214 shares during the 2nd quarter, indicating growing institutional interest in the streaming company.
• Analysts have a consensus rating of Moderate Buy for Netflix with a price target averaging $1,337.63, reflecting a range of opinions from "Strong Buy" to "Sell."
• Netflix reported earnings of $7.19 EPS for the last quarter, surpassing expectations and reflecting a 15.9% revenue growth compared to the same period last year.

Franklin Parlapiano Turner & Welch LLC bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 214 shares of the Internet television network's stock, valued at approximately $287,000.

Other hedge funds have also recently bought and sold shares of the company. Resurgent Financial Advisors LLC boosted its holdings in Netflix by 234.4% during the first quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network's stock valued at $942,000 after acquiring an additional 708 shares during the period. MRA Advisory Group boosted its holdings in Netflix by 28.4% during the second quarter. MRA Advisory Group now owns 919 shares of the Internet television network's stock valued at $1,231,000 after acquiring an additional 203 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Netflix by 42.1% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 441,861 shares of the Internet television network's stock valued at $412,059,000 after acquiring an additional 130,946 shares during the period. Sava Infond d.o.o. boosted its holdings in Netflix by 25.1% during the second quarter. Sava Infond d.o.o. now owns 1,495 shares of the Internet television network's stock valued at $2,002,000 after acquiring an additional 300 shares during the period. Finally, McGlone Suttner Wealth Management Inc. boosted its holdings in Netflix by 1.4% during the second quarter. McGlone Suttner Wealth Management Inc. now owns 989 shares of the Internet television network's stock valued at $1,324,000 after acquiring an additional 14 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on NFLX shares. The Goldman Sachs Group decreased their price target on shares of Netflix from $1,310.00 to $1,300.00 and set a "neutral" rating for the company in a report on Tuesday, September 30th. JPMorgan Chase & Co. upped their price target on shares of Netflix from $1,230.00 to $1,300.00 and gave the company a "neutral" rating in a report on Friday, July 18th. Needham & Company LLC restated a "buy" rating and set a $1,500.00 price target on shares of Netflix in a report on Wednesday, September 10th. Itau BBA Securities initiated coverage on shares of Netflix in a report on Tuesday, October 7th. They set an "outperform" rating and a $1,514.00 price target for the company. Finally, Robert W. Baird lifted their target price on Netflix from $1,300.00 to $1,500.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,337.63.

Netflix Price Performance

NASDAQ:NFLX opened at $1,220.08 on Friday. The company has a 50-day moving average of $1,210.84 and a 200-day moving average of $1,168.46. The company has a market capitalization of $518.44 billion, a price-to-earnings ratio of 51.98, a PEG ratio of 2.05 and a beta of 1.59. Netflix, Inc. has a 52 week low of $677.88 and a 52 week high of $1,341.15. 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 (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping analysts' consensus estimates of $7.07 by $0.12. The company had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm's revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period last year, the firm earned $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, equities research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Activity

In other Netflix news, insider David A. Hyman sold 424 shares of the firm's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the completion of the transaction, the insider owned 31,610 shares in the company, valued at $36,625,558.70. This trade represents a 1.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Gregory K. Peters sold 2,026 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer owned 12,781 shares of the company's stock, valued at approximately $14,793,240.64. This represents a 13.68% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 104,100 shares of company stock valued at $122,710,980. 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.

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