Index Fund Advisors Inc. Purchases Shares of 798 Netflix, Inc. $NFLX

Key Points

• Index Fund Advisors Inc. acquired 798 shares of Netflix, Inc., with an estimated value of $1,069,000, indicating strong institutional interest in the streaming service.
• Several analysts have increased their price targets for Netflix, with Wedbush setting a new objective of $1,500 and Citigroup adjusting theirs to $1,295.
• Insider activity has been notable, with CEO Theodore A. Sarandos selling over 2,000 shares for more than $2.35 million, reflecting potential shifts in ownership dynamics.

Index Fund Advisors Inc. purchased a new stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 798 shares of the Internet television network's stock, valued at approximately $1,069,000.

Other large investors have also made changes to their positions in the company. Halbert Hargrove Global Advisors LLC raised its position in shares of Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after buying an additional 13 shares during the last quarter. Maseco LLP acquired a new position in shares of Netflix during the second quarter valued at about $39,000. Ransom Advisory Ltd acquired a new position in shares of Netflix during the second quarter valued at about $47,000. Flaharty Asset Management LLC acquired a new position in shares of Netflix during the first quarter valued at about $37,000. Finally, Signature Resources Capital Management LLC raised its position in shares of Netflix by 740.0% during the second quarter. Signature Resources Capital Management LLC now owns 42 shares of the Internet television network's stock valued at $56,000 after buying an additional 37 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on NFLX. Wedbush reaffirmed an "outperform" rating and set a $1,500.00 price objective (up previously from $1,400.00) on shares of Netflix in a research report on Monday, July 14th. Citigroup reaffirmed a "neutral" rating and set a $1,295.00 price objective (up previously from $1,280.00) on shares of Netflix in a research report on Friday, October 3rd. UBS Group set a $1,425.00 price target on shares of Netflix in a research report on Tuesday, October 7th. Weiss Ratings reissued a "buy (b)" rating on shares of Netflix in a research report on Wednesday, October 8th. Finally, Rosenblatt Securities increased their price target on shares of Netflix from $1,514.00 to $1,515.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $1,337.63.

Netflix Stock Performance

NASDAQ NFLX opened at $1,220.08 on Monday. The firm has a market cap of $518.45 billion, a price-to-earnings ratio of 51.98, a PEG ratio of 2.05 and a beta of 1.59. The company has a 50 day moving average of $1,210.84 and a 200-day moving average of $1,169.80. 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 1-year low of $677.88 and a 1-year high of $1,341.15.

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 for the quarter, topping the consensus estimate of $7.07 by $0.12. The company had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company's revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the business posted $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, equities analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Activity at Netflix

In other news, insider Cletus R. Willems sold 238 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total transaction of $274,537.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Theodore A. Sarandos sold 2,026 shares of the firm's stock in a transaction that occurred on 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 of the company's stock, valued at approximately $17,604,284.16. The trade was a 11.78% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 104,100 shares of company stock valued at $122,710,980. Insiders own 1.37% of the company's stock.

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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