Netflix, Inc. $NFLX Shares Purchased by Vest Financial LLC

Key Points

• Vest Financial LLC increased its stake in Netflix by 43.6% during the 2nd quarter, holding 4,831 shares valued at approximately $6.47 million.
• Netflix currently has a market capitalization of $518 billion and a price-to-earnings ratio of 51.94, with shares trading at $1,219.03.
• Recent analyst ratings show a consensus of "Moderate Buy" for Netflix, with a target price averaging $1,337.63.

Vest Financial LLC lifted its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 43.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,831 shares of the Internet television network's stock after purchasing an additional 1,466 shares during the period. Vest Financial LLC's holdings in Netflix were worth $6,469,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Optima Capital LLC increased its holdings in Netflix by 3.5% during the 2nd quarter. Optima Capital LLC now owns 239 shares of the Internet television network's stock valued at $320,000 after acquiring an additional 8 shares in the last quarter. Unified Investment Management increased its holdings in Netflix by 1.7% during the 2nd quarter. Unified Investment Management now owns 474 shares of the Internet television network's stock valued at $635,000 after acquiring an additional 8 shares in the last quarter. Plancorp LLC increased its holdings in Netflix by 0.6% during the 2nd quarter. Plancorp LLC now owns 1,278 shares of the Internet television network's stock valued at $1,711,000 after acquiring an additional 8 shares in the last quarter. Five Oceans Advisors increased its holdings in Netflix by 1.1% during the 2nd quarter. Five Oceans Advisors now owns 751 shares of the Internet television network's stock valued at $1,006,000 after acquiring an additional 8 shares in the last quarter. Finally, Old Port Advisors increased its holdings in Netflix by 1.3% during the 2nd quarter. Old Port Advisors now owns 624 shares of the Internet television network's stock valued at $836,000 after acquiring an additional 8 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Analysts Set New Price Targets

NFLX has been the subject of several recent research reports. Zacks Research downgraded shares of Netflix from a "strong-buy" rating to a "hold" rating in a report on Monday, September 1st. BMO Capital Markets restated an "outperform" rating and set a $1,425.00 target price (up from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. Cowen reiterated a "buy" rating on shares of Netflix in a report on Tuesday, October 7th. The Goldman Sachs Group lowered their price target on shares of Netflix from $1,310.00 to $1,300.00 and set a "neutral" rating for the company in a report on Tuesday, September 30th. Finally, Barclays reiterated a "sell" rating and set a $1,100.00 price target (up from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Netflix currently has a consensus rating of "Moderate Buy" and an average target price of $1,337.63.

Netflix Stock Performance

Shares of NFLX stock opened at $1,219.03 on Tuesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. The firm has a market capitalization of $518.00 billion, a price-to-earnings ratio of 51.94, a price-to-earnings-growth ratio of 2.05 and a beta of 1.59. Netflix, Inc. has a one year low of $677.88 and a one year high of $1,341.15. The company has a 50 day moving average price of $1,211.81 and a 200 day moving average price of $1,171.80.

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 (EPS) for the quarter, beating the consensus estimate of $7.07 by $0.12. The company 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 quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the company earned $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Sell-side analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Activity at Netflix

In other news, CFO Spencer Adam Neumann sold 2,600 shares of the firm's stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $1,172.51, for a total value of $3,048,526.00. Following the transaction, the chief financial officer directly owned 3,691 shares in the company, valued at $4,327,734.41. This trade represents a 41.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Cletus R. Willems sold 238 shares of the business's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $1,153.52, for a total value of $274,537.76. The disclosure for this sale can be found here. Insiders sold a total of 104,100 shares of company stock valued at $122,710,980 over the last three months. Insiders own 1.37% of the company's stock.

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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