Meitav Investment House Ltd. lessened its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 19.1% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 7,376 shares of the Internet television network's stock after selling 1,736 shares during the period. Meitav Investment House Ltd.'s holdings in Netflix were worth $9,871,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. Halbert Hargrove Global Advisors LLC boosted 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. Flaharty Asset Management LLC purchased a new position in shares of Netflix during the first quarter valued at approximately $37,000. Maseco LLP purchased a new position in shares of Netflix during the second quarter valued at approximately $39,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Netflix during the first quarter valued at approximately $42,000. Finally, 1248 Management LLC purchased a new position in shares of Netflix during the first quarter valued at approximately $43,000. Hedge funds and other institutional investors own 80.93% of the company's stock.
Analysts Set New Price Targets
Several research analysts have weighed in on NFLX shares. Needham & Company LLC reissued a "buy" rating and issued a $1,500.00 price objective on shares of Netflix in a research report on Wednesday, September 10th. Piper Sandler boosted their price objective on Netflix from $1,400.00 to $1,500.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Jefferies Financial Group reissued a "buy" rating on shares of Netflix in a research report on Thursday, September 11th. Morgan Stanley reissued an "equal weight" rating on shares of Netflix in a research report on Monday, July 21st. Finally, Sanford C. Bernstein boosted their price objective on Netflix from $1,200.00 to $1,390.00 and gave the stock an "outperform" rating in a research report on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,335.00.
Check Out Our Latest Research Report on Netflix
Netflix Price Performance
Netflix stock opened at $1,163.31 on Tuesday. Netflix, Inc. has a 52 week low of $677.88 and a 52 week high of $1,341.15. The business has a 50-day simple moving average of $1,207.13 and a 200 day simple moving average of $1,163.23. 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 stock has a market cap of $494.33 billion, a price-to-earnings ratio of 49.57, a PEG ratio of 1.94 and a beta of 1.59.
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 (EPS) for the quarter, topping 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 firm had revenue of $11.08 billion during the quarter, compared to analysts' expectations of $11.04 billion. During the same period in the prior year, the business earned $4.88 EPS. The company's revenue for the quarter 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 forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.
Insider Transactions at Netflix
In other news, CEO Gregory K. Peters sold 2,026 shares of the company's stock in a transaction dated 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 directly owned 12,781 shares in the company, valued at approximately $14,793,240.64. This represents a 13.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Theodore A. Sarandos sold 2,026 shares of the company's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the completion of the transaction, the chief executive officer owned 15,168 shares of the company's stock, valued at $17,604,284.16. The trade was a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 104,100 shares of company stock worth $122,710,980. Company insiders own 1.37% of the company's stock.
About Netflix
(
Free Report)
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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