Hobart Private Capital LLC Acquires 444 Shares of Netflix, Inc. $NFLX

Key Points

• Hobart Private Capital LLC increased its holdings in Netflix, Inc. by 150.5% during the second quarter, acquiring an additional 444 shares to reach a total of 739 shares valued at $990,000.
• Insider trading activity included the sale of 424 shares by David A. Hyman and 2,026 shares by CEO Gregory K. Peters, resulting in notable decreases in their respective holdings.
• Netflix's most recent earnings report showed an EPS of $5.87, missing estimates by $1.01, while the company projected 24.58 EPS for the current fiscal year.

Hobart Private Capital LLC grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 150.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 739 shares of the Internet television network's stock after purchasing an additional 444 shares during the quarter. Hobart Private Capital LLC's holdings in Netflix were worth $990,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have 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 valued at $33,000 after acquiring an additional 15 shares during the period. Flaharty Asset Management LLC purchased a new stake in Netflix in the first quarter valued at approximately $37,000. Maseco LLP purchased a new position in shares of Netflix during the second quarter worth approximately $39,000. LGT Financial Advisors LLC purchased a new position in shares of Netflix during the second quarter worth approximately $40,000. Finally, Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Netflix during the first quarter worth approximately $42,000. Institutional investors own 80.93% of the company's stock.

Insiders Place Their Bets

In other Netflix news, insider David A. Hyman sold 424 shares of the business's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,158.67, for a total value of $491,276.08. Following the completion of the transaction, the insider owned 31,610 shares of the company's stock, valued at approximately $36,625,558.70. The trade was a 1.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gregory K. Peters 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 $1,157.44, for a total value of $2,344,973.44. Following the completion of the transaction, the chief executive officer directly owned 12,781 shares of the company's stock, valued at approximately $14,793,240.64. This trade represents a 13.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,100 shares of company stock worth $122,710,980 in the last quarter. Insiders own 1.37% of the company's stock.

Netflix Price Performance

NFLX opened at $1,094.69 on Friday. The stock has a 50-day moving average price of $1,207.21 and a 200-day moving average price of $1,185.28. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.34. The firm has a market cap of $463.85 billion, a PE ratio of 45.73, a P/E/G ratio of 1.92 and a beta of 1.59. Netflix, Inc. has a 1 year low of $747.77 and a 1 year high of $1,341.15.

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

Wall Street Analysts Forecast Growth

NFLX has been the topic of several recent analyst reports. Robert W. Baird raised their target price 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. Benchmark restated a "hold" rating on shares of Netflix in a report on Wednesday. Morgan Stanley set a $1,500.00 target price on shares of Netflix in a report on Monday, October 13th. Canaccord Genuity Group restated a "buy" rating and set a $1,525.00 target price on shares of Netflix in a report on Wednesday. Finally, TD Cowen dropped their target price on shares of Netflix from $1,450.00 to $1,425.00 and set a "buy" rating on the stock in a report on Tuesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Netflix currently has an average rating of "Moderate Buy" and a consensus price target of $1,352.78.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.