Netflix, Inc. $NFLX Shares Bought by Ascent Group LLC

Key Points

• Ascent Group LLC increased its investment in Netflix, Inc. by 22.9% in the second quarter, raising its holdings to 8,432 shares valued at approximately $11.29 million.
• Insider trading saw Director Reed Hastings sell 42,176 shares, marking a 99.07% decrease in his position to just 394 shares owned.
• Netflix has recently received mixed analyst ratings, with the consensus price target set at $1,335.00 and a majority rating of "Buy" or higher among analysts.

Ascent Group LLC raised its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 22.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,432 shares of the Internet television network's stock after purchasing an additional 1,572 shares during the quarter. Ascent Group LLC's holdings in Netflix were worth $11,292,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Consilium Wealth Advisory LLC boosted its holdings in Netflix by 4.3% in the 2nd quarter. Consilium Wealth Advisory LLC now owns 557 shares of the Internet television network's stock valued at $746,000 after purchasing an additional 23 shares during the last quarter. Clarity Capital Partners LLC boosted its holdings in Netflix by 22.4% in the 2nd quarter. Clarity Capital Partners LLC now owns 383 shares of the Internet television network's stock valued at $513,000 after purchasing an additional 70 shares during the last quarter. Asset Advisors Investment Management LLC boosted its holdings in Netflix by 14.3% in the 2nd quarter. Asset Advisors Investment Management LLC now owns 5,236 shares of the Internet television network's stock valued at $7,012,000 after purchasing an additional 657 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in Netflix by 13.8% in the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 10,664 shares of the Internet television network's stock valued at $14,281,000 after purchasing an additional 1,295 shares during the last quarter. Finally, Yeomans Consulting Group Inc. boosted its holdings in Netflix by 36.9% in the 2nd quarter. Yeomans Consulting Group Inc. now owns 861 shares of the Internet television network's stock valued at $1,114,000 after purchasing an additional 232 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Reed Hastings sold 42,176 shares of the firm's 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 sale, the director directly owned 394 shares in the company, valued at approximately $461,736.48. This trade represents a 99.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Cletus R. Willems sold 238 shares of the firm's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total transaction of $274,537.76. The disclosure for this sale can be found here. In the last three months, insiders sold 104,100 shares of company stock worth $122,710,980. 1.37% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on NFLX shares. Seaport Res Ptn lowered shares of Netflix from a "strong-buy" rating to a "hold" rating in a report on Sunday, July 6th. Pivotal Research restated a "buy" rating on shares of Netflix in a report on Thursday, July 10th. Morgan Stanley restated an "equal weight" rating on shares of Netflix in a report on Monday, July 21st. Robert W. Baird upped their price objective on shares of Netflix from $1,300.00 to $1,500.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Finally, Rosenblatt Securities upped their price objective on shares of Netflix from $1,514.00 to $1,515.00 and gave the stock a "buy" rating in a report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, Netflix presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,335.00.

Netflix Price Performance

Shares of NFLX opened at $1,153.32 on Friday. Netflix, Inc. has a fifty-two week low of $677.88 and a fifty-two week high of $1,341.15. The firm's 50 day moving average price is $1,207.36 and its 200 day moving average price is $1,158.96. 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 company has a market cap of $490.08 billion, a P/E ratio of 49.14, a PEG ratio of 1.96 and a beta of 1.59.

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

About Netflix

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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