Penobscot Investment Management Company Inc. Invests $410,000 in Netflix, Inc. $NFLX

Key Points

• Penobscot Investment Management Company Inc. has invested $410,000 in Netflix, Inc., acquiring 306 shares in the 2nd quarter.
• Netflix reported a net margin of 24.58% and earnings per share of $7.19 for its most recent quarter, surpassing analyst estimates.
• Wall Street analysts maintain a consensus rating of Moderate Buy for Netflix, with an average price target of $1,335.00.

Penobscot Investment Management Company Inc. bought a new position in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 306 shares of the Internet television network's stock, valued at approximately $410,000.

Several other institutional investors and hedge funds have also recently modified their holdings of NFLX. Brighton Jones LLC lifted its position in shares of Netflix by 5.0% in the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock worth $4,804,000 after purchasing an additional 257 shares during the period. Revolve Wealth Partners LLC lifted its position in shares of Netflix by 16.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock worth $912,000 after purchasing an additional 144 shares during the period. Vest Financial LLC lifted its position in shares of Netflix by 70.7% in the 1st quarter. Vest Financial LLC now owns 3,365 shares of the Internet television network's stock worth $3,138,000 after purchasing an additional 1,394 shares during the period. Sovereign Financial Group Inc. lifted its position in shares of Netflix by 103.4% in the 1st quarter. Sovereign Financial Group Inc. now owns 1,206 shares of the Internet television network's stock worth $1,125,000 after purchasing an additional 613 shares during the period. Finally, Pines Wealth Management LLC lifted its position in shares of Netflix by 15.9% in the 1st quarter. Pines Wealth Management LLC now owns 1,023 shares of the Internet television network's stock worth $890,000 after purchasing an additional 140 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Stock Down 0.8%

NFLX opened at $1,153.32 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. The firm has a 50 day moving average price of $1,207.36 and a 200-day moving average price of $1,160.35. Netflix, Inc. has a twelve month low of $677.88 and a twelve month high of $1,341.15. The stock has a market capitalization of $490.08 billion, a price-to-earnings ratio of 49.14, a PEG ratio of 1.94 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last released 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. The firm 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 firm's quarterly revenue 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 research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on NFLX shares. Citigroup reaffirmed a "neutral" rating and issued a $1,295.00 target price (up from $1,280.00) on shares of Netflix in a research report on Friday. 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 research report on Tuesday, September 30th. Wall Street Zen cut shares of Netflix from a "buy" rating to a "hold" rating in a research report on Saturday. Loop Capital raised shares of Netflix from a "hold" rating to a "buy" rating and lifted their price target for the company from $1,150.00 to $1,350.00 in a research report on Wednesday, September 17th. Finally, Robert W. Baird lifted their price target on shares of Netflix from $1,300.00 to $1,500.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $1,335.00.

Insider Activity at Netflix

In related news, insider Cletus R. Willems sold 238 shares of the business'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 transaction of $274,537.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gregory K. Peters sold 2,026 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the sale, the chief executive officer owned 12,781 shares of the company's stock, valued at $14,793,240.64. This trade represents a 13.68% decrease in their ownership of the stock. 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 in the last three months. Corporate 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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