ICONIQ Capital LLC Buys 327 Shares of Netflix, Inc. $NFLX

Key Points

• ICONIQ Capital LLC enhanced its investment in Netflix by 16.0%, acquiring an additional 327 shares during the first quarter, bringing its total holdings to 2,366 shares valued at approximately $2.2 million.
• Netflix's CEO, Gregory K. Peters, sold 2,026 shares at an average price of $1,157.44, resulting in a significant decrease of 13.68% in his ownership stake, while other insiders sold a total of 146,307 shares last quarter.
• Analysts have maintained a positive outlook on Netflix, with a consensus target price of $1,297.66 and several firms issuing "buy" ratings, highlighting a robust anticipated EPS growth for the current year.

ICONIQ Capital LLC increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 16.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,366 shares of the Internet television network's stock after buying an additional 327 shares during the quarter. ICONIQ Capital LLC's holdings in Netflix were worth $2,206,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Fullcircle Wealth LLC grew its holdings in Netflix by 2.5% during the first quarter. Fullcircle Wealth LLC now owns 369 shares of the Internet television network's stock worth $344,000 after buying an additional 9 shares in the last quarter. Capital Analysts LLC grew its holdings in Netflix by 0.3% during the first quarter. Capital Analysts LLC now owns 2,620 shares of the Internet television network's stock worth $2,443,000 after buying an additional 9 shares in the last quarter. Enterprise Financial Services Corp grew its holdings in Netflix by 1.8% during the first quarter. Enterprise Financial Services Corp now owns 505 shares of the Internet television network's stock worth $471,000 after buying an additional 9 shares in the last quarter. Mission Creek Capital Partners Inc. grew its holdings in Netflix by 0.3% during the fourth quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network's stock worth $3,410,000 after buying an additional 10 shares in the last quarter. Finally, Continuum Wealth Advisors LLC grew its holdings in Netflix by 4.4% during the first quarter. Continuum Wealth Advisors LLC now owns 235 shares of the Internet television network's stock worth $219,000 after buying an additional 10 shares in the last quarter. Institutional investors own 80.93% of the company's stock.

Insider Transactions at Netflix

In other news, CEO Gregory K. Peters sold 2,026 shares of the company's stock in a transaction on 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 $14,793,240.64. This represents a 13.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jay C. Hoag sold 31,750 shares of the company's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $1,252.35, for a total value of $39,762,112.50. Following the transaction, the director directly owned 63,040 shares in the company, valued at $78,948,144. This represents a 33.50% decrease in their position. The disclosure for this sale can be found here. Insiders sold 146,307 shares of company stock worth $179,443,809 over the last quarter. 1.37% of the stock is currently owned by corporate insiders.

Netflix Stock Down 0.1%

Shares of NASDAQ NFLX opened at $1,204.65 on Friday. Netflix, Inc. has a one year low of $660.80 and a one 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. The business's fifty day moving average price is $1,231.41 and its 200-day moving average price is $1,110.98. The stock has a market capitalization of $511.89 billion, a PE ratio of 51.33, a P/E/G ratio of 2.03 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating 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 firm had revenue of $11.08 billion for the quarter, compared to analysts' expectations of $11.04 billion. During the same quarter in the prior year, the firm earned $4.88 EPS. The business's revenue for the quarter was up 15.9% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, equities research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on NFLX shares. Needham & Company LLC reiterated a "buy" rating and set a $1,500.00 price target on shares of Netflix in a report on Friday, July 18th. Oppenheimer upped their price target on 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 restated an "outperform" rating and issued a $1,425.00 price objective (up previously from $1,200.00) on shares of Netflix in a research note on Tuesday, July 15th. Canaccord Genuity Group restated a "buy" rating on shares of Netflix in a research note on Thursday, July 10th. Finally, JPMorgan Chase & Co. upped their price objective on Netflix from $1,230.00 to $1,300.00 and gave the company a "neutral" rating in a research note on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Netflix presently has an average rating of "Moderate Buy" and a consensus target price of $1,297.66.

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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