Netflix, Inc. $NFLX Shares Bought by Maple Capital Management Inc.

Key Points

• Maple Capital Management Inc. increased its stake in Netflix by 3.1% in Q1, owning 11,048 shares worth approximately $10.3 million after purchasing an additional 335 shares.
• Insider trading activity includes CFO Spencer Adam Neumann selling 2,600 shares, reducing his position by 41.33%, amidst a trend where insiders sold a total of 89,348 shares in the last three months.
• Analysts maintain a consensus rating of "Moderate Buy" for Netflix, with a target price of $1,317.58, while several institutions recently adjusted their ratings on the stock.

Maple Capital Management Inc. grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 3.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,048 shares of the Internet television network's stock after purchasing an additional 335 shares during the period. Maple Capital Management Inc.'s holdings in Netflix were worth $10,303,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC grew its holdings in Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after acquiring an additional 13 shares during the period. Brown Shipley& Co Ltd acquired a new position in Netflix during the fourth quarter worth about $27,000. Flaharty Asset Management LLC acquired a new position in Netflix during the first quarter worth about $37,000. Copia Wealth Management acquired a new position in Netflix during the fourth quarter worth about $37,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new position in Netflix during the first quarter worth about $42,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Netflix news, CFO Spencer Adam Neumann sold 2,600 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $1,207.76, for a total transaction of $3,140,176.00. Following the completion of the sale, the chief financial officer directly owned 3,691 shares in the company, valued at approximately $4,457,842.16. This trade represents a 41.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider David A. Hyman sold 424 shares of the firm's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,158.67, for a total value of $491,276.08. Following the sale, the insider owned 31,610 shares of the company's stock, valued at $36,625,558.70. The trade was a 1.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 89,348 shares of company stock worth $109,498,489. Corporate insiders own 1.37% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Rosenblatt Securities lifted their target price on Netflix from $1,514.00 to $1,515.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Netflix in a report on Tuesday, August 12th. Wall Street Zen lowered Netflix from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Phillip Securities lowered Netflix from a "hold" rating to a "strong sell" rating in a report on Monday, July 21st. Finally, Seaport Res Ptn cut Netflix from a "strong-buy" rating to a "hold" rating in a research note on Sunday, July 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $1,317.58.

Netflix Trading Down 3.5%

Shares of NFLX opened at $1,203.50 on Friday. The business's 50-day moving average price is $1,220.29 and its 200 day moving average price is $1,130.00. The stock has a market capitalization of $511.40 billion, a P/E ratio of 51.28, a P/E/G ratio of 2.10 and a beta of 1.60. Netflix, Inc. has a 1-year low of $677.88 and a 1-year high of $1,341.15. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58.

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. Analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current 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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