Palo Alto Wealth Advisors LLC Invests $213,000 in Netflix, Inc. $NFLX

Key Points

• Palo Alto Wealth Advisors LLC has acquired a new position in Netflix, Inc., purchasing 228 shares valued at approximately $213,000 in the first quarter of the year.
• Multiple institutional investors have increased their stakes in Netflix, with Vanguard Group Inc. owning over $35 billion worth of shares after increasing their holdings by 1.4% during the same quarter.
• Analysts have a generally positive outlook on Netflix, with an average price target of $1,297.66 and several firms recently raising their price objectives for the stock.

Palo Alto Wealth Advisors LLC acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 228 shares of the Internet television network's stock, valued at approximately $213,000.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC boosted its position in Netflix by 109,524.3% during the 1st quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock valued at $8,239,576,000 after acquiring an additional 8,827,662 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Netflix in the 1st quarter worth $2,385,585,000. Goldman Sachs Group Inc. lifted its position in Netflix by 57.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network's stock worth $3,164,134,000 after acquiring an additional 1,236,251 shares during the period. Vanguard Group Inc. lifted its position in Netflix by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock worth $35,433,585,000 after acquiring an additional 509,255 shares during the period. Finally, Two Sigma Advisers LP lifted its position in Netflix by 935.7% during the 4th quarter. Two Sigma Advisers LP now owns 461,900 shares of the Internet television network's stock worth $411,701,000 after acquiring an additional 417,300 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Stock Down 1.9%

NASDAQ NFLX traded down $23.20 during trading on Friday, reaching $1,208.25. 3,206,585 shares of the company's stock were exchanged, compared to its average volume of 2,730,890. The stock has a market cap of $513.42 billion, a P/E ratio of 51.48, a price-to-earnings-growth ratio of 2.03 and a beta of 1.59. 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 company has a 50 day moving average price of $1,231.11 and a two-hundred day moving average price of $1,117.41. Netflix, Inc. has a 1 year low of $660.80 and a 1 year high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping analysts' consensus estimates 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 quarter in the previous year, the firm earned $4.88 earnings per share. The business's 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. On average, equities research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wells Fargo & Company boosted their price objective on Netflix from $1,500.00 to $1,560.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Needham & Company LLC reissued a "buy" rating and set a $1,500.00 target price on shares of Netflix in a report on Friday, July 18th. Bank of America increased their price target on Netflix from $1,175.00 to $1,490.00 and gave the company a "buy" rating in a report on Friday, May 30th. Evercore ISI reaffirmed an "outperform" rating on shares of Netflix in a report on Thursday, May 15th. Finally, Phillip Securities lowered Netflix from a "hold" rating to a "strong sell" rating in a research report on Monday, July 21st. One 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 given a Sell rating to the company's stock. According to data from MarketBeat.com, Netflix has a consensus rating of "Moderate Buy" and a consensus target price of $1,297.66.

Insider Buying and Selling

In other news, insider David A. Hyman sold 424 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,158.67, for a total transaction 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Cletus R. Willems sold 238 shares of the company's 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 value of $274,537.76. The disclosure for this sale can be found here. Insiders have sold 123,163 shares of company stock worth $151,917,174 in the last three months. Company 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.