FCG Investment Co Raises Stock Position in Netflix, Inc. $NFLX

Key Points

• FCG Investment Co increased its stake in Netflix by 11.9% during the first quarter, owning a total of 2,602 shares valued at approximately $2.4 million.
• Insider transactions indicate significant activity, with Reed Hastings selling 26,933 shares for over $32.6 million and Jay C. Hoag selling 31,750 shares for nearly $39.8 million.
• Netflix reported a 15.9% increase in year-over-year revenue, with earnings per share of $7.19 for the last quarter, exceeding analysts' expectations.

FCG Investment Co raised its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 11.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,602 shares of the Internet television network's stock after purchasing an additional 277 shares during the quarter. Netflix accounts for about 1.5% of FCG Investment Co's portfolio, making the stock its 18th biggest position. FCG Investment Co's holdings in Netflix were worth $2,426,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of NFLX. Brighton Jones LLC increased its position in Netflix by 5.0% in the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock worth $4,804,000 after buying an additional 257 shares during the last quarter. Revolve Wealth Partners LLC grew its position in shares of Netflix by 16.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock valued at $912,000 after purchasing an additional 144 shares in the last quarter. BIP Wealth LLC grew its position in shares of Netflix by 23.8% in the fourth quarter. BIP Wealth LLC now owns 453 shares of the Internet television network's stock valued at $403,000 after purchasing an additional 87 shares in the last quarter. Farringdon Capital Ltd. purchased a new position in shares of Netflix in the fourth quarter valued at $298,000. Finally, Alpha DNA Investment Management LLC purchased a new position in shares of Netflix in the fourth quarter valued at $487,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Netflix

In other news, CFO Spencer Adam Neumann sold 685 shares of the company's stock in a transaction 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 completion of the sale, the chief financial officer directly owned 3,691 shares in the company, valued at $4,286,026.11. This represents a 15.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Cletus R. Willems sold 238 shares of the company's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $1,153.52, for a total value of $274,537.76. The disclosure for this sale can be found here. Insiders sold a total of 146,307 shares of company stock worth $179,443,809 over the last three months. 1.37% of the stock is currently owned by insiders.

Netflix Stock Performance

Shares of NASDAQ:NFLX traded down $11.3320 during midday trading on Thursday, hitting $1,202.5280. The company had a trading volume of 1,105,655 shares, compared to its average volume of 4,134,885. 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 $510.99 billion, a price-to-earnings ratio of 51.26, a PEG ratio of 2.04 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. The company has a fifty day moving average of $1,231.74 and a two-hundred day moving average of $1,107.28.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.Netflix's revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the business posted $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, equities research analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analysts Set New Price Targets

NFLX has been the subject of several recent research reports. BMO Capital Markets reiterated an "outperform" rating and issued a $1,425.00 price target (up from $1,200.00) on shares of Netflix in a research report on Tuesday, July 15th. JPMorgan Chase & Co. lifted their price objective on Netflix from $1,230.00 to $1,300.00 and gave the company a "neutral" rating in a research note on Friday, July 18th. Robert W. Baird lifted their price objective on Netflix from $1,300.00 to $1,500.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Sanford C. Bernstein lifted their price objective on Netflix from $1,200.00 to $1,390.00 and gave the company an "outperform" rating in a research note on Thursday, July 17th. Finally, Phillip Securities lowered Netflix from a "hold" rating to a "strong sell" rating in a research note on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Netflix has a consensus rating of "Moderate Buy" and a consensus target price of $1,297.66.

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.