Point72 Europe London LLP Acquires 2,976 Shares of Netflix, Inc. $NFLX

Key Points

• Point72 Europe London LLP increased its holdings in Netflix by 28.5% in the first quarter, owning 13,400 shares valued at approximately $12.5 million.
• Insider sales included David A. Hyman selling 424 shares and CEO Gregory K. Peters selling 2,026 shares, representing notable decreases in their respective positions.
• Analyst ratings for Netflix show a favorable outlook, with a consensus rating of "Moderate Buy" and an average price target of $1,297.66, reflecting increasing confidence in the company's performance.

Point72 Europe London LLP raised its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 28.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,400 shares of the Internet television network's stock after acquiring an additional 2,976 shares during the quarter. Point72 Europe London LLP's holdings in Netflix were worth $12,496,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC increased its position in 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 acquiring an additional 13 shares in the last quarter. Brown Shipley& Co Ltd acquired a new stake in shares of Netflix during the 4th quarter worth approximately $27,000. Copia Wealth Management acquired a new stake in shares of Netflix during the 4th quarter worth approximately $37,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Netflix during the 1st quarter worth approximately $42,000. Finally, Stuart Chaussee & Associates Inc. grew its position in shares of Netflix by 4,500.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after buying an additional 45 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Transactions at Netflix

In other Netflix news, CFO Spencer Adam Neumann sold 2,601 shares of the company's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $1,307.22, for a total value of $3,400,079.22. Following the transaction, the chief financial officer directly owned 3,691 shares in the company, valued at $4,824,949.02. The trade was a 41.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jay C. Hoag sold 31,750 shares of the company's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $1,252.35, for a total transaction of $39,762,112.50. Following the completion of the transaction, the director owned 63,040 shares in the company, valued at approximately $78,948,144. This represents a 33.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 93,629 shares of company stock valued at $116,131,982. Corporate insiders own 1.37% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NFLX. Needham & Company LLC reiterated a "buy" rating and set a $1,500.00 price target on shares of Netflix in a research report on Friday, July 18th. JPMorgan Chase & Co. lifted their price target on shares of Netflix from $1,230.00 to $1,300.00 and gave the stock a "neutral" rating in a research report on Friday, July 18th. Wolfe Research set a $1,340.00 price target on shares of Netflix and gave the stock an "outperform" rating in a research report on Friday, May 16th. The Goldman Sachs Group lifted their price target on shares of Netflix from $1,000.00 to $1,140.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 2nd. Finally, Wall Street Zen cut shares of Netflix from a "buy" rating to a "hold" rating in a research report on Saturday. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,297.66.

Netflix Stock Up 1.0%

NFLX traded up $12.07 during trading on Wednesday, reaching $1,226.18. 2,464,163 shares of the stock were exchanged, compared to its average volume of 4,060,054. The stock has a market cap of $521.04 billion, a P/E ratio of 52.24, a price-to-earnings-growth ratio of 2.03 and a beta of 1.60. Netflix, Inc. has a twelve month low of $660.80 and a twelve month high of $1,341.15. The stock's 50 day moving average price is $1,228.91 and its two-hundred day moving average price is $1,120.25. 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 (NASDAQ:NFLX - Get Free Report) last issued its 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 business had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm's revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the previous year, the company earned $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Equities analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Netflix 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.