IMS Capital Management Makes New $787,000 Investment in Netflix, Inc. $NFLX

Key Points

• IMS Capital Management has made a new investment of $787,000 in Netflix, acquiring 588 shares during the second quarter.
• Netflix has experienced notable insider selling, with Director Reed Hastings selling 25,959 shares for over $31 million, marking a significant decline in his ownership.
• Analysts have varying opinions on Netflix, with recent price targets ranging from $1,100 to $1,500, indicating a consensus rating of "Moderate Buy."

IMS Capital Management bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 588 shares of the Internet television network's stock, valued at approximately $787,000.

A number of other large investors have also recently made changes to their positions in NFLX. Vanguard Group Inc. lifted its stake in Netflix by 1.4% in the first quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock valued at $35,433,585,000 after buying an additional 509,255 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Netflix by 2.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,732,066 shares of the Internet television network's stock worth $10,940,505,000 after acquiring an additional 304,399 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Netflix by 109,524.3% in the 1st quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock valued at $8,239,576,000 after acquiring an additional 8,827,662 shares during the period. Alliancebernstein L.P. raised its position in Netflix by 1.0% in the 1st quarter. Alliancebernstein L.P. now owns 5,194,939 shares of the Internet television network's stock valued at $4,844,436,000 after purchasing an additional 53,611 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in Netflix by 8.3% during the 1st quarter. Invesco Ltd. now owns 4,664,818 shares of the Internet television network's stock worth $4,350,083,000 after purchasing an additional 356,617 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Netflix

In other news, Director Reed Hastings sold 25,959 shares of the company's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $1,207.71, for a total value of $31,350,943.89. Following the sale, the director directly owned 394 shares in the company, valued at $475,837.74. This represents a 98.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Spencer Adam Neumann sold 2,600 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $1,207.76, for a total value of $3,140,176.00. Following the sale, the chief financial officer directly owned 3,691 shares in the company, valued at approximately $4,457,842.16. The trade was a 41.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 88,728 shares of company stock worth $108,700,648 in the last quarter. Insiders own 1.37% of the company's stock.

Analysts Set New Price Targets

NFLX has been the topic of a number of research reports. Phillip Securities lowered Netflix from a "hold" rating to a "strong sell" rating in a report on Monday, July 21st. Sanford C. Bernstein lifted their target price on Netflix from $1,200.00 to $1,390.00 and gave the company an "outperform" rating in a research note on Thursday, July 17th. Jefferies Financial Group restated a "buy" rating on shares of Netflix in a research note on Thursday, September 11th. Barclays reaffirmed a "sell" rating and set a $1,100.00 price target (up from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. Finally, Piper Sandler boosted their price objective on shares of Netflix from $1,400.00 to $1,500.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $1,328.87.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $1,218.47 on Wednesday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The company's 50-day moving average price is $1,210.96 and its 200 day moving average price is $1,145.17. Netflix, Inc. has a 52 week low of $677.88 and a 52 week high of $1,341.15. The stock has a market cap of $517.76 billion, a price-to-earnings ratio of 51.92, a PEG ratio of 2.07 and a beta of 1.60.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.07 by $0.12. The company 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 company's revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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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