Petrus Trust Company LTA Purchases Shares of 557 Netflix, Inc. $NFLX

Key Points

• Petrus Trust Company LTA has acquired a new position in Netflix, Inc., purchasing 557 shares valued at approximately $519,000 in the first quarter.
• Insider selling activity has been noted with David A. Hyman and CFO Spencer Adam Neumann selling shares, resulting in a total insider sale of 89,348 shares worth over $109 million in the last ninety days.
• Netflix recently reported earnings per share of $7.19, exceeding analyst estimates, with a revenue of $11.08 billion for the quarter, a 15.9% increase year-over-year.

Petrus Trust Company LTA acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 557 shares of the Internet television network's stock, valued at approximately $519,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in NFLX. Brighton Jones LLC boosted its position in shares of Netflix by 5.0% during 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 in the last quarter. Revolve Wealth Partners LLC boosted its position in shares of Netflix by 16.4% during 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 in the last quarter. Fiduciary Trust Co boosted its position in shares of Netflix by 7.4% during the 4th quarter. Fiduciary Trust Co now owns 3,233 shares of the Internet television network's stock worth $2,882,000 after purchasing an additional 223 shares in the last quarter. Fund 1 Investments LLC bought a new position in Netflix in the 4th quarter valued at about $5,794,000. Finally, Fullerton Fund Management Co Ltd. lifted its position in Netflix by 7.3% in the 4th quarter. Fullerton Fund Management Co Ltd. now owns 244,101 shares of the Internet television network's stock valued at $217,572,000 after acquiring an additional 16,557 shares in the last quarter. Institutional investors own 80.93% of the company's stock.

Netflix Stock Performance

Shares of NFLX stock traded up $18.49 during trading hours on Tuesday, hitting $1,263.25. 2,212,416 shares of the company were exchanged, compared to its average volume of 4,020,745. The firm has a fifty day simple moving average of $1,223.47 and a 200 day simple moving average of $1,126.74. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 52-week low of $660.80 and a 52-week high of $1,341.15. The stock has a market capitalization of $536.79 billion, a price-to-earnings ratio of 53.82, a P/E/G ratio of 2.09 and a beta of 1.60.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. During the same quarter last year, the business posted $4.88 EPS. Netflix's quarterly 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. Research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In related news, Director Reed Hastings sold 25,959 shares of Netflix stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $1,207.71, for a total value of $31,350,943.89. Following the completion of the transaction, the director directly owned 394 shares in the company, valued at approximately $475,837.74. The trade was a 98.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $1,162.40, for a total transaction of $3,023,402.40. Following the completion of the transaction, the chief financial officer owned 3,691 shares of the company's stock, valued at $4,290,418.40. This represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 89,348 shares of company stock valued at $109,498,489 over the last 90 days. 1.37% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Evercore ISI reaffirmed an "outperform" rating on shares of Netflix in a research report on Thursday, May 15th. Needham & Company LLC reaffirmed a "buy" rating and issued a $1,500.00 price target on shares of Netflix in a research report on Friday, July 18th. The Goldman Sachs Group raised their price target on shares of Netflix from $1,000.00 to $1,140.00 and gave the company a "neutral" rating in a research report on Wednesday, July 2nd. Citigroup reaffirmed a "neutral" rating and issued a $1,250.00 price target (up previously from $1,020.00) on shares of Netflix in a research report on Thursday, May 29th. Finally, Sanford C. Bernstein raised their price target on shares of Netflix from $1,200.00 to $1,390.00 and gave the company an "outperform" rating in a research report on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Netflix presently has an average rating of "Moderate Buy" and a consensus target price of $1,317.58.

About Netflix

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.