Hill Island Financial LLC Takes $301,000 Position in Netflix, Inc. $NFLX

Key Points

• Hill Island Financial LLC acquired a new position in Netflix, purchasing 225 shares valued at approximately $301,000 during the second quarter.
• Insider trading activity includes significant share sales by Netflix's CFO and CEO, with CFO Spencer Neumann selling 2,600 shares for over $3 million, and CEO Theodore Sarandos selling 2,026 shares for approximately $2.35 million.
• Netflix's stock has a consensus rating of "Moderate Buy" from analysts, with price targets ranging from $1,295 to $1,500 following its positive quarterly earnings report.

Hill Island Financial LLC purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 225 shares of the Internet television network's stock, valued at approximately $301,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its holdings in shares of Netflix by 5.0% in the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock valued at $4,804,000 after purchasing an additional 257 shares in the last quarter. Revolve Wealth Partners LLC boosted its position in Netflix by 16.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock valued at $912,000 after buying an additional 144 shares during the last quarter. Vest Financial LLC boosted its position in Netflix by 70.7% in the 1st quarter. Vest Financial LLC now owns 3,365 shares of the Internet television network's stock valued at $3,138,000 after buying an additional 1,394 shares during the last quarter. Sovereign Financial Group Inc. increased its stake in shares of Netflix by 103.4% in the 1st quarter. Sovereign Financial Group Inc. now owns 1,206 shares of the Internet television network's stock valued at $1,125,000 after buying an additional 613 shares during the period. Finally, Pines Wealth Management LLC raised its position in shares of Netflix by 15.9% during the first quarter. Pines Wealth Management LLC now owns 1,023 shares of the Internet television network's stock worth $890,000 after acquiring an additional 140 shares during the last quarter. Institutional investors own 80.93% of the company's stock.

Insider Buying and Selling

In other Netflix news, CFO Spencer Adam Neumann sold 2,600 shares of Netflix stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $1,172.51, for a total value of $3,048,526.00. Following the sale, the chief financial officer directly owned 3,691 shares in the company, valued at approximately $4,327,734.41. The trade was a 41.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Theodore A. Sarandos sold 2,026 shares of the business's stock in a transaction dated 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 sale, the chief executive officer directly owned 15,168 shares in the company, valued at $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 104,100 shares of company stock valued at $122,710,980 over the last ninety days. Insiders own 1.37% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Citigroup reiterated a "neutral" rating and issued a $1,295.00 price target (up previously from $1,280.00) on shares of Netflix in a report on Friday. Wall Street Zen lowered shares of Netflix from a "buy" rating to a "hold" rating in a research note on Saturday. Wedbush reissued an "outperform" rating and set a $1,500.00 price target (up from $1,400.00) on shares of Netflix in a research note on Monday, July 14th. Canaccord Genuity Group restated a "buy" rating on shares of Netflix in a report on Thursday, July 10th. Finally, Phillip Securities cut shares of Netflix from a "hold" rating to a "strong sell" rating in a research note on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Netflix currently has a consensus rating of "Moderate Buy" and an average target price of $1,335.00.

Netflix Stock Performance

NFLX opened at $1,153.32 on Friday. The company has a market capitalization of $490.08 billion, a price-to-earnings ratio of 49.14, a P/E/G ratio of 1.94 and a beta of 1.59. The business's 50-day moving average price is $1,207.36 and its two-hundred day moving average price is $1,160.35. Netflix, Inc. has a 1 year low of $677.88 and a 1 year high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The business had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. During the same period last year, the company earned $4.88 earnings per share. Netflix's quarterly 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. Equities analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

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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