Netflix, Inc. $NFLX Shares Acquired by IFG Advisors LLC

Key Points

• IFG Advisors LLC has increased its holdings in Netflix, Inc. by 80.9%, now owning 577 shares valued at approximately $773,000 as per the latest SEC filing.
• Insiders sold a significant number of shares recently, with Cletus R. Willems and Reed Hastings selling 238 and 42,176 shares, respectively, reflecting a total insider sale of $122.7 million over the last three months.
• Netflix reported strong quarterly earnings with $7.19 earnings per share exceeding estimates, alongside a 15.9% year-over-year revenue growth and provided guidance indicating continued performance strength into 2025.

IFG Advisors LLC increased its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 80.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 577 shares of the Internet television network's stock after buying an additional 258 shares during the quarter. IFG Advisors LLC's holdings in Netflix were worth $773,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC raised its stake 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 purchasing an additional 13 shares in the last quarter. Stephens Consulting LLC increased its stake in Netflix by 150.0% during the 2nd quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network's stock valued at $33,000 after buying an additional 15 shares during the period. Flaharty Asset Management LLC acquired a new position in Netflix during the 1st quarter valued at about $37,000. Maseco LLP bought a new stake in shares of Netflix during the 2nd quarter worth about $39,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Netflix in the 1st quarter worth approximately $42,000. Institutional investors own 80.93% of the company's stock.

Insider Buying and Selling at Netflix

In other news, insider Cletus R. Willems sold 238 shares of the 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Reed Hastings sold 42,176 shares of Netflix stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the transaction, the director owned 394 shares in the company, valued at $461,736.48. This represents a 99.07% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,100 shares of company stock valued at $122,710,980 over the last three months. 1.37% of the stock is owned by insiders.

Wall Street Analyst Weigh In

NFLX has been the topic of a number of research analyst reports. Sanford C. Bernstein raised their price objective on shares of Netflix from $1,200.00 to $1,390.00 and gave the company an "outperform" rating in a research note on Thursday, July 17th. Rosenblatt Securities lifted their price target on Netflix from $1,514.00 to $1,515.00 and gave the company a "buy" rating in a research report on Friday, July 18th. TD Cowen dropped their price objective on Netflix from $1,450.00 to $1,425.00 and set a "buy" rating on the stock in a research note on Tuesday, October 7th. KeyCorp raised their target price on Netflix from $1,070.00 to $1,390.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Finally, Itau BBA Securities initiated coverage on Netflix in a report on Tuesday, October 7th. They set an "outperform" rating and a $1,514.00 target price on the stock. Two 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 issued a Sell rating to the company's stock. According to data from MarketBeat.com, Netflix presently has an average rating of "Moderate Buy" and a consensus target price of $1,337.63.

Netflix Stock Down 0.3%

Shares of Netflix stock opened at $1,215.35 on Wednesday. Netflix, Inc. has a 12-month low of $677.88 and a 12-month high of $1,341.15. The firm has a market capitalization of $516.43 billion, a PE ratio of 51.78, a price-to-earnings-growth ratio of 2.05 and a beta of 1.59. 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's fifty day moving average is $1,213.15 and its 200-day moving average is $1,172.10.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping analysts' consensus estimates 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%.Netflix's revenue was up 15.9% on a year-over-year basis. During the same quarter last 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. Equities analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

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.

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