Freedom Investment Management Inc. Sells 255 Shares of Netflix, Inc. $NFLX

Key Points

• Freedom Investment Management Inc. sold 255 shares of Netflix, reducing its holdings by 9.9%, now owning 2,330 shares valued at $2,172,000.
• Analyst price targets for Netflix have been raised by multiple firms, with Robert W. Baird increasing its target from $1,300 to $1,500.
• Netflix reported $7.19 EPS in its most recent earnings, exceeding expectations, with a revenue increase of 15.9% year-over-year.

Freedom Investment Management Inc. lowered its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 9.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,330 shares of the Internet television network's stock after selling 255 shares during the quarter. Freedom Investment Management Inc.'s holdings in Netflix were worth $2,172,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Halbert Hargrove Global Advisors LLC raised its stake in shares of Netflix by 100.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after acquiring an additional 13 shares in the last quarter. Brown Shipley& Co Ltd bought a new position in shares of Netflix during the 4th quarter worth approximately $27,000. Copia Wealth Management bought a new position in shares of Netflix during the 4th quarter worth approximately $37,000. Stuart Chaussee & Associates Inc. raised its stake in shares of Netflix by 4,500.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after acquiring an additional 45 shares in the last quarter. Finally, Barnes Dennig Private Wealth Management LLC bought a new position in shares of Netflix during the 1st quarter worth approximately $42,000. Institutional investors own 80.93% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on NFLX shares. Evercore ISI reiterated an "outperform" rating on shares of Netflix in a research note on Thursday, May 15th. Robert W. Baird boosted their price objective on shares of Netflix from $1,300.00 to $1,500.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. TD Cowen boosted their price objective on shares of Netflix from $1,440.00 to $1,450.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. KeyCorp boosted their price objective on shares of Netflix from $1,070.00 to $1,390.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Finally, Seaport Res Ptn downgraded shares of Netflix from a "strong-buy" rating to a "hold" rating in a research report on Sunday, July 6th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $1,297.66.

Netflix Stock Down 0.1%

NASDAQ:NFLX opened at $1,204.65 on Friday. The company's 50 day moving average is $1,231.41 and its two-hundred day moving average is $1,110.98. The company has a market cap of $511.89 billion, a PE ratio of 51.33, a P/E/G ratio of 2.03 and a beta of 1.59. 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, Inc. has a twelve month low of $660.80 and a twelve month high of $1,341.15.

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, beating the consensus estimate of $7.07 by $0.12. The business had revenue of $11.08 billion for 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 business's revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the prior 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. Analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Gregory K. Peters sold 2,026 shares of the company's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the sale, the chief executive officer directly owned 12,781 shares of the company's stock, valued at $14,793,240.64. This represents a 13.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David A. Hyman sold 424 shares of the company's stock in a transaction on 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 sale, the insider directly 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 disclosure for this sale can be found here. Over the last three months, insiders sold 146,307 shares of company stock worth $179,443,809. Company insiders own 1.37% of the company's stock.

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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