Caitlin John LLC Raises Stock Position in Netflix, Inc. $NFLX

Key Points

• Caitlin John LLC increased its position in Netflix by 37.8%, owning 1,050 shares valued at approximately $1.4 million as of the latest SEC filing.
• Netflix's recent quarterly earnings surpassed analysts' expectations, reporting $7.19 earnings per share and $11.08 billion in revenue, marking a 15.9% year-over-year increase.
• Institutional investors hold 80.93% of Netflix's stock, indicating strong interest from large investment firms.

Caitlin John LLC grew its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 37.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,050 shares of the Internet television network's stock after buying an additional 288 shares during the quarter. Netflix accounts for 1.3% of Caitlin John LLC's investment portfolio, making the stock its 25th largest position. Caitlin John LLC's holdings in Netflix were worth $1,406,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Halbert Hargrove Global Advisors LLC lifted 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 valued at $25,000 after purchasing an additional 13 shares during the last quarter. Copia Wealth Management acquired a new stake in Netflix in the 4th quarter valued at about $37,000. Flaharty Asset Management LLC purchased a new position in shares of Netflix in the 1st quarter valued at about $37,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Netflix during the 1st quarter worth approximately $42,000. Finally, 1248 Management LLC acquired a new position in Netflix during the first quarter worth $43,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Spencer Adam Neumann sold 2,600 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $1,207.76, for a total value of $3,140,176.00. Following the completion of the sale, the chief financial officer directly owned 3,691 shares of the company's stock, valued at $4,457,842.16. This represents a 41.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Cletus R. Willems sold 238 shares of the stock in a transaction that occurred 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. Insiders sold 89,348 shares of company stock valued at $109,498,489 over the last quarter. 1.37% of the stock is owned by company insiders.

Netflix Trading Up 0.0%

Netflix stock traded up $0.40 during trading hours on Monday, reaching $1,227.37. The stock had a trading volume of 2,543,834 shares, compared to its average volume of 2,749,690. The company has a fifty day simple moving average of $1,211.80 and a 200-day simple moving average of $1,144.65. Netflix, Inc. has a 52 week low of $677.88 and a 52 week high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. The stock has a market cap of $521.55 billion, a PE ratio of 52.30, a PEG ratio of 2.07 and a beta of 1.60.

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

Analyst Ratings Changes

NFLX has been the topic of a number of recent research reports. Oppenheimer boosted their price objective 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. Wall Street Zen raised Netflix from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. TD Cowen lifted their target price on shares of Netflix from $1,440.00 to $1,450.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Sanford C. Bernstein upped their price objective on Netflix from $1,200.00 to $1,390.00 and gave the company an "outperform" rating in a report on Thursday, July 17th. Finally, Rosenblatt Securities raised their target price on shares of Netflix from $1,514.00 to $1,515.00 and gave the company a "buy" rating in a research note on Friday, July 18th. One investment 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, the company has an average rating of "Moderate Buy" and a consensus price target of $1,328.87.

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.