Netflix, Inc. $NFLX Shares Acquired by Yeomans Consulting Group Inc.

Key Points

• Yeomans Consulting Group Inc. increased its holdings in Netflix by 36.9%, acquiring an additional 232 shares, bringing its total to 861 shares valued at approximately $1,114,000.
• Wall Street analysts have shown strong confidence in Netflix, with Oppenheimer raising its price target from $1,200 to $1,425 and a consensus rating of "Moderate Buy".
• Netflix reported Q2 earnings with an EPS of $7.19, exceeding the consensus estimate, and revenue of $11.08 billion, marking a 15.9% increase compared to the previous year.

Yeomans Consulting Group Inc. grew its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 36.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 861 shares of the Internet television network's stock after acquiring an additional 232 shares during the quarter. Yeomans Consulting Group Inc.'s holdings in Netflix were worth $1,114,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Halbert Hargrove Global Advisors LLC lifted its position in shares of Netflix by 100.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after buying an additional 13 shares during the last quarter. Flaharty Asset Management LLC purchased a new position in shares of Netflix in the 1st quarter valued at $37,000. Maseco LLP acquired a new stake in Netflix during the 2nd quarter worth $39,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in Netflix in the first quarter valued at $42,000. Finally, 1248 Management LLC acquired a new position in Netflix in the first quarter valued at $43,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on NFLX shares. Oppenheimer raised their price target on Netflix from $1,200.00 to $1,425.00 and gave the stock an "outperform" rating in a research note on Thursday, June 12th. Jefferies Financial Group restated a "buy" rating on shares of Netflix in a research report on Thursday, September 11th. Canaccord Genuity Group reiterated a "buy" rating on shares of Netflix in a research report on Thursday, July 10th. KeyCorp increased their price target on shares of Netflix from $1,070.00 to $1,390.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Finally, Wall Street Zen raised shares of Netflix from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $1,334.03.

Netflix Price Performance

Netflix stock opened at $1,162.53 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. Netflix, Inc. has a one year low of $677.88 and a one year high of $1,341.15. The company has a market cap of $493.99 billion, a P/E ratio of 49.53, a price-to-earnings-growth ratio of 1.97 and a beta of 1.59. The business has a fifty day moving average of $1,207.90 and a two-hundred day moving average of $1,157.42.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating the consensus estimate of $7.07 by $0.12. The firm had revenue of $11.08 billion during the quarter, compared to analysts' expectations of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business's revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter last year, the business earned $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Activity at Netflix

In other news, CEO Gregory K. Peters sold 2,026 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the sale, the chief executive officer owned 12,781 shares of the company's stock, valued at $14,793,240.64. The trade was a 13.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Theodore A. Sarandos sold 2,026 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the completion of the sale, the chief executive officer owned 15,168 shares in the company, valued at approximately $17,604,284.16. This represents a 11.78% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 104,100 shares of company stock worth $122,710,980. 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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