Netflix, Inc. $NFLX Shares Acquired by Integrity Alliance LLC.

Key Points

• Integrity Alliance LLC significantly increased its stake in Netflix, acquiring an additional 2,601 shares for a total of 2,866 shares, representing a remarkable 981.5% increase in the 1st quarter.
• Netflix reported $7.19 EPS for the last quarter, surpassing estimates, and experienced a year-over-year revenue growth of 15.9% to reach $11.08 billion.
• The stock is currently rated as a "Moderate Buy" by analysts, with a new average price target of $1,317.58, reflecting increasing optimism among market analysts.

Integrity Alliance LLC. boosted its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 981.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,866 shares of the Internet television network's stock after buying an additional 2,601 shares during the quarter. Integrity Alliance LLC.'s holdings in Netflix were worth $2,673,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Halbert Hargrove Global Advisors LLC grew its stake in shares of Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after purchasing an additional 13 shares during the last quarter. Brown Shipley& Co Ltd acquired a new stake in shares of Netflix during the 4th quarter valued at $27,000. Copia Wealth Management bought a new stake in shares of Netflix during the 4th quarter worth $37,000. Stuart Chaussee & Associates Inc. grew its holdings in shares of Netflix by 4,500.0% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after acquiring an additional 45 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Netflix during the first quarter worth $42,000. 80.93% of the stock is currently owned by institutional investors.

Netflix Price Performance

NASDAQ NFLX opened at $1,247.71 on Thursday. The company has a 50 day simple moving average of $1,222.12 and a 200-day simple moving average of $1,128.51. Netflix, Inc. has a 52-week low of $660.80 and a 52-week high of $1,341.15. The firm has a market capitalization of $530.19 billion, a price-to-earnings ratio of 53.16, a price-to-earnings-growth ratio of 2.13 and a beta of 1.60. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34.

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 for the quarter, beating the consensus estimate of $7.07 by $0.12. The firm had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company's revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Equities research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. UBS Group reiterated a "market underperform" rating on shares of Netflix in a research report on Saturday, July 19th. Oppenheimer raised their target price on shares of Netflix from $1,200.00 to $1,425.00 and gave the stock an "outperform" rating in a report on Thursday, June 12th. Pivotal Research reissued a "buy" rating on shares of Netflix in a research report on Thursday, July 10th. KeyCorp boosted their price target on shares of Netflix from $1,070.00 to $1,390.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Finally, Piper Sandler raised their price objective on shares of Netflix from $1,400.00 to $1,500.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. One equities 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 company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $1,317.58.

Insider Activity

In other Netflix news, CFO Spencer Adam Neumann sold 2,600 shares of the business's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $1,207.76, for a total value of $3,140,176.00. Following the transaction, the chief financial officer owned 3,691 shares in the company, valued at $4,457,842.16. The trade was a 41.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Reed Hastings sold 25,959 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $1,207.71, for a total value of $31,350,943.89. Following the sale, the director directly owned 394 shares of the company's stock, valued at $475,837.74. This trade represents a 98.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 89,348 shares of company stock valued at $109,498,489. 1.37% of the stock is currently owned by company insiders.

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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