Netflix, Inc. $NFLX Shares Bought by Boston Family Office LLC

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 lifted its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 650.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,373 shares of the Internet television network's stock after acquiring an additional 3,790 shares during the period. Boston Family Office LLC's holdings in Netflix were worth $4,078,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Resurgent Financial Advisors LLC grew its holdings in Netflix by 234.4% in the first quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network's stock valued at $942,000 after purchasing an additional 708 shares during the period. Janus Henderson Group PLC lifted its holdings in Netflix by 8.7% during the fourth quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network's stock valued at $1,227,468,000 after purchasing an additional 110,432 shares in the last quarter. PharVision Advisers LLC purchased a new stake in shares of Netflix during the fourth quarter worth about $873,000. New England Research & Management Inc. raised its position in shares of Netflix by 148.5% during the 1st quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network's stock worth $1,979,000 after purchasing an additional 1,268 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Netflix by 6.1% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,638 shares of the Internet television network's stock valued at $50,952,000 after buying an additional 3,137 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Canaccord Genuity Group reaffirmed a "buy" rating on shares of Netflix in a research note on Thursday, July 10th. Needham & Company LLC reaffirmed a "buy" rating and set a $1,500.00 target price on shares of Netflix in a report on Friday, July 18th. Seaport Res Ptn cut shares of Netflix from a "strong-buy" rating to a "hold" rating in a research report on Sunday, July 6th. BMO Capital Markets reaffirmed an "outperform" rating and set a $1,425.00 price objective (up previously from $1,200.00) on shares of Netflix in a research note on Tuesday, July 15th. Finally, Cfra Research raised shares of Netflix to a "strong-buy" rating in a research note on Monday, April 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $1,297.66.

Insider Transactions at Netflix

In other news, CEO Gregory K. Peters sold 2,026 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the transaction, the chief executive officer directly owned 12,781 shares in the company, valued at approximately $14,793,240.64. This trade represents a 13.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Spencer Adam Neumann sold 685 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $1,161.21, for a total value of $795,428.85. Following the sale, the chief financial officer directly owned 3,691 shares of the company's stock, valued at $4,286,026.11. The trade was a 15.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 146,307 shares of company stock worth $179,443,809. Insiders own 1.37% of the company's stock.

Netflix Stock Down 2.5%

NFLX traded down $30.94 during trading hours on Tuesday, hitting $1,214.15. 3,684,563 shares of the company's stock were exchanged, compared to its average volume of 4,162,273. The firm has a 50 day moving average of $1,231.65 and a 200 day moving average of $1,105.79. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The firm has a market cap of $515.93 billion, a P/E ratio of 51.73, a price-to-earnings-growth ratio of 2.09 and a beta of 1.59. Netflix, Inc. has a 12-month low of $660.80 and a 12-month high of $1,341.15.

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, 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 during the quarter, compared to analysts' expectations of $11.04 billion. During the same period in the previous year, the company earned $4.88 EPS. The company's revenue for the quarter was up 15.9% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Analysts predict 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.