Northwestern Mutual Wealth Management Co. Purchases 2,500 Shares of Netflix, Inc. $NFLX

Key Points

• Northwestern Mutual Wealth Management Co. has increased its stake in Netflix by 5.1%, now holding a total of 51,828 shares valued at approximately $48.3 million.
• Netflix's recent earnings report showed a net margin of 24.58% with earnings per share of $7.19, surpassing analyst expectations.
• Analysts have set optimistic target prices for Netflix, with most recent adjustments bringing the consensus target price to $1,297.66, reflecting a positive outlook for the stock.

Northwestern Mutual Wealth Management Co. increased its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 5.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,828 shares of the Internet television network's stock after buying an additional 2,500 shares during the period. Northwestern Mutual Wealth Management Co.'s holdings in Netflix were worth $48,331,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of NFLX. Halbert Hargrove Global Advisors LLC boosted its stake 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 in the last quarter. Brown Shipley& Co Ltd bought a new position in Netflix during the fourth quarter worth $27,000. Copia Wealth Management bought a new position in Netflix during the fourth quarter worth $37,000. Stuart Chaussee & Associates Inc. boosted its stake in Netflix by 4,500.0% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after acquiring an additional 45 shares in the last quarter. Finally, Barnes Dennig Private Wealth Management LLC bought a new position in Netflix during the first quarter worth $42,000. 80.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

NFLX has been the topic of several research analyst reports. TD Cowen increased their target price on shares of Netflix from $1,440.00 to $1,450.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Sanford C. Bernstein increased their target price on shares of Netflix from $1,200.00 to $1,390.00 and gave the stock an "outperform" rating in a research note on Thursday, July 17th. Citigroup restated a "neutral" rating and set a $1,250.00 price target (up previously from $1,020.00) on shares of Netflix in a research note on Thursday, May 29th. Pivotal Research restated a "buy" rating on shares of Netflix in a research note on Thursday, July 10th. Finally, Rosenblatt Securities boosted their price target 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 equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Netflix presently has an average rating of "Moderate Buy" and a consensus target price of $1,297.66.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $1,204.65 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The stock's fifty day simple moving average is $1,231.41 and its two-hundred day simple moving average is $1,110.98. Netflix, Inc. has a 1-year low of $660.80 and a 1-year high of $1,341.15. The stock has a market cap of $511.89 billion, a PE ratio of 51.33, a price-to-earnings-growth ratio of 2.03 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating the consensus estimate of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The business had revenue of $11.08 billion for the quarter, compared to analysts' expectations of $11.04 billion. During the same period last year, the business earned $4.88 EPS. The business'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. As a group, analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Gregory K. Peters sold 2,026 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the completion of the transaction, the chief executive officer directly owned 12,781 shares of the company's stock, valued at $14,793,240.64. This represents a 13.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Reed Hastings sold 26,933 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $1,211.66, for a total value of $32,633,638.78. Following the completion of the transaction, the director directly owned 394 shares of the company's stock, valued at approximately $477,394.04. This represents a 98.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 146,307 shares of company stock valued at $179,443,809 in the last 90 days. 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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