Netflix, Inc. $NFLX Shares Purchased by Lewis Asset Management LLC

Key Points

• Lewis Asset Management LLC increased its stake in Netflix, Inc. by 187.4% in the second quarter, acquiring an additional 463 shares for a total of 710 shares valued at approximately $951,000.
• Insider activity saw CFO Spencer Neumann and Director Reed Hastings sell significant portions of their shares, with Hastings reducing his ownership by 98.50%.
• Netflix reported $7.19 earnings per share, exceeding expectations, with a total revenue of $11.08 billion, marking a 15.9% increase compared to last year.

Lewis Asset Management LLC boosted its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 187.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 710 shares of the Internet television network's stock after buying an additional 463 shares during the period. Lewis Asset Management LLC's holdings in Netflix were worth $951,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Halbert Hargrove Global Advisors LLC boosted its position in Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after acquiring an additional 13 shares during the last quarter. Ransom Advisory Ltd acquired a new stake in shares of Netflix during the second quarter valued at approximately $47,000. Flaharty Asset Management LLC bought a new stake in Netflix in the first quarter worth approximately $37,000. Copia Wealth Management bought a new stake in shares of Netflix during the 4th quarter worth $37,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Netflix in the 1st quarter valued at $42,000. Hedge funds and other institutional investors own 80.93% of the company's stock.

Insider Activity

In other news, insider David A. Hyman sold 424 shares of the company's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total value of $491,276.08. Following the transaction, the insider owned 31,610 shares of the company's stock, valued at approximately $36,625,558.70. This represents a 1.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Cletus R. Willems sold 238 shares of the firm's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $1,153.52, for a total value of $274,537.76. The disclosure for this sale can be found here. In the last quarter, insiders have sold 89,348 shares of company stock valued at $109,498,489. 1.37% of the stock is currently owned by insiders.

Netflix Trading Up 0.0%

Shares of NASDAQ:NFLX traded up $0.40 during midday trading on Monday, reaching $1,227.37. The company's stock had a trading volume of 2,543,834 shares, compared to its average volume of 2,749,690. Netflix, Inc. has a 1 year low of $677.88 and a 1 year high of $1,341.15. The business has a 50 day moving average price of $1,211.80 and a 200 day moving average price of $1,144.65. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. The firm has a market cap of $521.55 billion, a price-to-earnings ratio of 52.30, a price-to-earnings-growth ratio of 2.07 and a beta of 1.60.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter in the prior year, the firm earned $4.88 EPS. The company's quarterly revenue 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. Research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Rosenblatt Securities increased their target price on shares of Netflix from $1,514.00 to $1,515.00 and gave the stock a "buy" rating in a report on Friday, July 18th. JPMorgan Chase & Co. boosted their price target on shares of Netflix from $1,230.00 to $1,300.00 and gave the company a "neutral" rating in a research note on Friday, July 18th. Piper Sandler upped their price target on Netflix from $1,400.00 to $1,500.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. UBS Group reiterated a "market underperform" rating on shares of Netflix in a report on Saturday, July 19th. Finally, Robert W. Baird lifted their price objective on Netflix from $1,300.00 to $1,500.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $1,328.87.

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.