Netflix, Inc. $NFLX Holdings Raised by Baxter Bros Inc.

Baxter Bros Inc. increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 3.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,443 shares of the Internet television network's stock after buying an additional 417 shares during the quarter. Netflix comprises approximately 2.0% of Baxter Bros Inc.'s holdings, making the stock its 15th largest position. Baxter Bros Inc.'s holdings in Netflix were worth $16,663,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in NFLX. Brighton Jones LLC grew its stake in Netflix by 5.0% during the 4th 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 stake in Netflix by 16.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock worth $912,000 after buying an additional 144 shares during the last quarter. Wedge Capital Management L L P NC bought a new position in Netflix during the 1st quarter worth $214,000. Signet Financial Management LLC grew its stake in Netflix by 2.5% during the 1st quarter. Signet Financial Management LLC now owns 485 shares of the Internet television network's stock worth $452,000 after buying an additional 12 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC grew its stake in Netflix by 11.4% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 2,148 shares of the Internet television network's stock worth $2,003,000 after buying an additional 220 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Spencer Adam Neumann sold 2,600 shares of the company's stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $1,172.51, for a total value of $3,048,526.00. Following the completion of the sale, the chief financial officer owned 3,691 shares in the company, valued at $4,327,734.41. This represents a 41.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Gregory K. Peters sold 2,026 shares of the company's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the completion of the sale, the chief executive officer owned 12,781 shares of the company's stock, valued at approximately $14,793,240.64. This trade represents a 13.68% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 104,100 shares of company stock valued at $122,710,980. 1.37% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on NFLX. Needham & Company LLC restated a "buy" rating and set a $1,500.00 price objective on shares of Netflix in a research note on Wednesday, September 10th. JPMorgan Chase & Co. boosted their price target on Netflix from $1,230.00 to $1,300.00 and gave the stock a "neutral" rating in a research report on Friday, July 18th. Robert W. Baird boosted their price target on Netflix from $1,300.00 to $1,500.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Phillip Securities lowered Netflix from a "hold" rating to a "strong sell" rating in a research report on Monday, July 21st. Finally, Seaport Res Ptn upgraded Netflix from a "hold" rating to a "strong-buy" rating in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Netflix has an average rating of "Moderate Buy" and an average target price of $1,337.63.

Netflix Trading Up 1.9%

Shares of Netflix stock opened at $1,214.25 on Thursday. 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 firm has a market cap of $515.97 billion, a price-to-earnings ratio of 51.74, a price-to-earnings-growth ratio of 2.00 and a beta of 1.59. The business has a fifty day simple moving average of $1,208.18 and a 200-day simple moving average of $1,163.77. Netflix, Inc. has a fifty-two week low of $677.88 and a fifty-two week high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating the consensus estimate of $7.07 by $0.12. The business 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%.The company's revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, equities analysts forecast 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.

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