Lifestyle Asset Management Inc. Purchases 1,051 Shares of Netflix, Inc. $NFLX

Key Points

• Lifestyle Asset Management Inc. significantly boosted its stake in Netflix, buying an additional 1,051 shares and increasing its position by 257% during Q2, now holding a total of 1,460 shares.
• Insider selling was notable, with CEO Gregory K. Peters selling 2,026 shares and Director Reed Hastings offloading 25,959 shares, indicating a substantial decrease in their ownership stakes.
• Wall Street analysts have mixed views on Netflix's stock, with target price revisions ranging from $1,070 to $1,500, reflecting a consensus rating of "Moderate Buy".

Lifestyle Asset Management Inc. increased its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 257.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,460 shares of the Internet television network's stock after purchasing an additional 1,051 shares during the quarter. Netflix accounts for approximately 0.9% of Lifestyle Asset Management Inc.'s investment portfolio, making the stock its 22nd largest position. Lifestyle Asset Management Inc.'s holdings in Netflix were worth $1,955,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Halbert Hargrove Global Advisors LLC lifted 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 purchasing an additional 13 shares during the period. Brown Shipley& Co Ltd bought a new stake in Netflix during the fourth quarter worth about $27,000. Copia Wealth Management bought a new stake in Netflix during the fourth quarter worth about $37,000. Flaharty Asset Management LLC bought a new stake in Netflix during the first quarter worth about $37,000. Finally, Barnes Dennig Private Wealth Management LLC bought a new stake in Netflix during the first quarter worth about $42,000. 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 that occurred on 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 owned 12,781 shares of the company's stock, valued at $14,793,240.64. This represents a 13.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Reed Hastings sold 25,959 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $1,207.71, for a total value of $31,350,943.89. Following the completion of the transaction, the director directly owned 394 shares of the company's stock, valued at $475,837.74. This represents a 98.50% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 89,348 shares of company stock worth $109,498,489. 1.37% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. KeyCorp boosted their target price on Netflix from $1,070.00 to $1,390.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Seaport Res Ptn downgraded Netflix from a "strong-buy" rating to a "hold" rating in a research note on Sunday, July 6th. Piper Sandler boosted their target price on Netflix from $1,400.00 to $1,500.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. Canaccord Genuity Group reissued a "buy" rating on shares of Netflix in a research note on Thursday, July 10th. Finally, Morgan Stanley reissued an "equal weight" rating on shares of Netflix in a research note on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Netflix presently has an average rating of "Moderate Buy" and an average target price of $1,317.58.

Netflix Stock Performance

Netflix stock opened at $1,202.26 on Tuesday. The business has a 50 day moving average of $1,216.40 and a 200-day moving average of $1,135.17. Netflix, Inc. has a 1 year low of $677.88 and a 1 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 company has a market capitalization of $510.88 billion, a P/E ratio of 51.23, a P/E/G ratio of 2.00 and a beta of 1.60.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data 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. 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 posted $4.88 earnings per share. The firm's 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. On average, equities research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

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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