Prepared Retirement Institute LLC Buys New Position in Netflix, Inc. $NFLX

Key Points

• Prepared Retirement Institute LLC has acquired a new position in Netflix, Inc. (NASDAQ:NFLX) during the second quarter, purchasing 210 shares valued at approximately $281,000.
• Several analysts have expressed optimism about Netflix, with an average price target of $1,328.87 and a consensus rating of "Moderate Buy".
• Insiders have recently sold a significant number of shares; CEO Theodore A. Sarandos sold over 2,000 shares, totaling around $2.35 million.

Prepared Retirement Institute LLC bought a new stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 210 shares of the Internet television network's stock, valued at approximately $281,000.

Other hedge funds also recently modified their holdings of the company. Halbert Hargrove Global Advisors LLC boosted its position in shares of Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after buying an additional 13 shares during the last quarter. Flaharty Asset Management LLC purchased a new position in shares of Netflix during the first quarter valued at approximately $37,000. Maseco LLP purchased a new position in shares of Netflix during the second quarter valued at approximately $39,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Netflix during the first quarter valued at approximately $42,000. Finally, 1248 Management LLC purchased a new position in shares of Netflix during the first quarter valued at approximately $43,000. Hedge funds and other institutional investors own 80.93% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on NFLX. Pivotal Research reissued a "buy" rating on shares of Netflix in a research report on Thursday, July 10th. Rosenblatt Securities boosted their price objective on Netflix from $1,514.00 to $1,515.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Loop Capital raised Netflix from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $1,150.00 to $1,350.00 in a research report on Wednesday, September 17th. Oppenheimer boosted their price objective on Netflix from $1,200.00 to $1,425.00 and gave the stock an "outperform" rating in a research report on Thursday, June 12th. Finally, The Goldman Sachs Group upped their price target on Netflix from $1,000.00 to $1,140.00 and gave the company a "neutral" rating in a research report on Wednesday, July 2nd. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $1,328.87.

Netflix Stock Up 0.2%

Shares of NASDAQ NFLX opened at $1,210.61 on Monday. Netflix, Inc. has a one year low of $677.88 and a one year high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. The business's fifty day moving average price is $1,208.75 and its 200-day moving average price is $1,153.53. The stock has a market capitalization of $514.42 billion, a PE ratio of 51.58, a P/E/G ratio of 2.04 and a beta of 1.60.

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 (EPS) for the quarter, beating 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 company had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same period in the previous year, the company posted $4.88 EPS. The firm's revenue for the quarter 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 year.

Insider Activity at Netflix

In related news, CEO Theodore A. Sarandos sold 2,026 shares of the business's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the sale, the chief executive officer directly owned 15,168 shares in the company, valued at approximately $17,604,284.16. The trade was a 11.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Reed Hastings sold 25,959 shares of the business's stock in a transaction 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 sale, the director owned 394 shares in the company, valued at approximately $475,837.74. The trade was a 98.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 88,728 shares of company stock worth $108,700,648 in the last 90 days. 1.37% of the stock is owned by company insiders.

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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