MA Private Wealth Takes Position in Netflix, Inc. $NFLX

Key Points

• MA Private Wealth acquired a new stake in Netflix, Inc. during the 2nd quarter, purchasing 204 shares valued at approximately $273,000.
• Netflix's earnings for the quarter exceeded expectations, reporting $7.19 EPS, above the consensus estimate of $7.07, with revenue growth of 15.9% year-over-year.
• Analysts have raised their price targets for Netflix, with BMO Capital Markets now targeting $1,425.00, reflecting optimistic views on the company’s future performance.

MA Private Wealth acquired a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 204 shares of the Internet television network's stock, valued at approximately $273,000.

Several other large investors also recently modified their holdings of NFLX. Optima Capital LLC increased its holdings in Netflix by 3.5% in the 2nd quarter. Optima Capital LLC now owns 239 shares of the Internet television network's stock valued at $320,000 after buying an additional 8 shares during the period. Unified Investment Management increased its holdings in Netflix by 1.7% in the 2nd quarter. Unified Investment Management now owns 474 shares of the Internet television network's stock valued at $635,000 after buying an additional 8 shares during the period. Plancorp LLC increased its holdings in Netflix by 0.6% in the 2nd quarter. Plancorp LLC now owns 1,278 shares of the Internet television network's stock valued at $1,711,000 after buying an additional 8 shares during the period. Five Oceans Advisors increased its holdings in Netflix by 1.1% in the 2nd quarter. Five Oceans Advisors now owns 751 shares of the Internet television network's stock valued at $1,006,000 after buying an additional 8 shares during the period. Finally, Old Port Advisors increased its holdings in Netflix by 1.3% in the 2nd quarter. Old Port Advisors now owns 624 shares of the Internet television network's stock valued at $836,000 after buying an additional 8 shares during the period. 80.93% of the stock is owned by institutional investors.

Netflix Stock Up 1.4%

NASDAQ:NFLX opened at $1,231.07 on Friday. The firm's 50 day simple moving average is $1,209.61 and its 200 day simple moving average is $1,165.56. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. Netflix, Inc. has a one year low of $677.88 and a one year high of $1,341.15. The company has a market cap of $523.12 billion, a PE ratio of 52.45, a P/E/G ratio of 2.04 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping the consensus estimate of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same period last year, the company earned $4.88 EPS. 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, research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Buying and Selling at Netflix

In related news, CFO Spencer Adam Neumann sold 2,600 shares of Netflix stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $1,172.51, for a total transaction of $3,048,526.00. Following the sale, the chief financial officer directly owned 3,691 shares in the company, valued at $4,327,734.41. This trade represents a 41.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Cletus R. Willems sold 238 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $1,153.52, for a total transaction of $274,537.76. The disclosure for this sale can be found here. Insiders sold 104,100 shares of company stock worth $122,710,980 over the last quarter. Insiders own 1.37% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on NFLX shares. BMO Capital Markets reissued an "outperform" rating and issued a $1,425.00 target price (up from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. JPMorgan Chase & Co. raised 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. Wells Fargo & Company raised their price target on shares of Netflix from $1,500.00 to $1,560.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Itau BBA Securities assumed coverage on shares of Netflix in a research note on Tuesday. They issued an "outperform" rating and a $1,514.00 price target on the stock. Finally, Citigroup restated a "neutral" rating and issued a $1,295.00 price target (up from $1,280.00) on shares of Netflix in a research note on Friday, October 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Netflix has a consensus rating of "Moderate Buy" and a consensus price target of $1,337.63.

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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