Boston Family Office LLC Has $4.08 Million Stock Holdings in Netflix, Inc. $NFLX

Key Points

• Boston Family Office LLC increased its holdings in Netflix by an impressive 650.1% during Q1, acquiring an additional 3,790 shares, bringing its total to 4,373 shares valued at approximately $4,078,000.
• Netflix's latest earnings report revealed an EPS of $7.19, surpassing expectations, with revenue reaching $11.08 billion, a 15.9% increase year-over-year.
• Analysts have set a target price for Netflix shares varying from $1,250 to $1,500, with an overall average target price of $1,297.66, indicating a general outlook of "Moderate Buy."

Boston Family Office LLC increased its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 650.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,373 shares of the Internet television network's stock after buying an additional 3,790 shares during the period. Boston Family Office LLC's holdings in Netflix were worth $4,078,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Halbert Hargrove Global Advisors LLC increased its holdings in Netflix by 100.0% in 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. Brown Shipley& Co Ltd bought a new position in Netflix during the 4th quarter worth approximately $27,000. Transce3nd LLC acquired a new position in shares of Netflix in the 4th quarter worth approximately $32,000. Copia Wealth Management bought a new stake in shares of Netflix in the 4th quarter valued at approximately $37,000. Finally, Stuart Chaussee & Associates Inc. increased its stake in Netflix by 4,500.0% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock valued at $41,000 after purchasing an additional 45 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NFLX has been the topic of a number of recent research reports. Wedbush reissued an "outperform" rating and issued a $1,500.00 target price (up previously from $1,400.00) on shares of Netflix in a report on Monday, July 14th. Evercore ISI reiterated an "outperform" rating on shares of Netflix in a research report on Thursday, May 15th. The Goldman Sachs Group boosted their price objective on Netflix from $1,000.00 to $1,140.00 and gave the company a "neutral" rating in a research report on Wednesday, July 2nd. Wolfe Research set a $1,340.00 price objective on Netflix and gave the stock an "outperform" rating in a research note on Friday, May 16th. Finally, Loop Capital reiterated a "hold" rating on shares of Netflix in a research note on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $1,297.66.

Insiders Place Their Bets

In other Netflix news, CEO Theodore A. Sarandos sold 2,026 shares of the company's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the completion of the sale, the chief executive officer directly owned 15,168 shares of the company's stock, valued at approximately $17,604,284.16. This represents a 11.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Spencer Adam Neumann sold 685 shares of the firm's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $1,161.21, for a total transaction of $795,428.85. Following the transaction, the chief financial officer owned 3,691 shares of the company's stock, valued at approximately $4,286,026.11. This trade represents a 15.65% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 146,307 shares of company stock valued at $179,443,809. 1.37% of the stock is currently owned by insiders.

Netflix Price Performance

Shares of Netflix stock traded down $0.29 on Wednesday, hitting $1,213.86. The company had a trading volume of 2,428,720 shares, compared to its average volume of 3,120,486. The business has a 50-day simple moving average of $1,231.74 and a 200-day simple moving average of $1,107.28. 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 cap of $515.81 billion, a PE ratio of 51.72, a PEG ratio of 2.04 and a beta of 1.59. Netflix, Inc. has a 52 week low of $660.80 and a 52 week high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last announced 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. The firm had revenue of $11.08 billion for the quarter, compared to analysts' expectations of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm's quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Research analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Netflix Company 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.