Sassicaia Capital Advisers LLC Makes New Investment in Netflix, Inc. $NFLX

Key Points

• Sassicaia Capital Advisers LLC has acquired 300 shares of Netflix, Inc. valued at approximately $280,000, representing about 1.0% of its portfolio.
• Multiple hedge funds have recently adjusted their positions in Netflix, with institutional investors owning 80.93% of the company's stock.
• The stock has an average rating of "Moderate Buy" from analysts, with a consensus target price of $1,297.66.

Sassicaia Capital Advisers LLC acquired a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 300 shares of the Internet television network's stock, valued at approximately $280,000. Netflix comprises 1.0% of Sassicaia Capital Advisers LLC's investment portfolio, making the stock its 19th largest position.

Other institutional investors have also bought and sold shares of the company. Halbert Hargrove Global Advisors LLC raised its holdings in Netflix by 100.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after acquiring an additional 13 shares during the period. Brown Shipley& Co Ltd bought a new stake in Netflix during the 4th quarter valued at $27,000. Copia Wealth Management bought a new stake in Netflix during the 4th quarter valued at $37,000. Stuart Chaussee & Associates Inc. raised its holdings in Netflix by 4,500.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock valued at $41,000 after acquiring an additional 45 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC bought a new stake in Netflix during the 1st quarter valued at $42,000. Hedge funds and other institutional investors own 80.93% of the company's stock.

Netflix Trading Down 1.9%

NASDAQ NFLX traded down $23.20 during trading on Friday, hitting $1,208.25. 3,206,585 shares of the company's stock traded hands, compared to its average volume of 2,696,834. The stock has a fifty day moving average of $1,231.11 and a two-hundred day moving average of $1,118.55. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. Netflix, Inc. has a 12-month low of $660.80 and a 12-month high of $1,341.15. The firm has a market cap of $513.42 billion, a P/E ratio of 51.48, a PEG ratio of 2.03 and a beta of 1.60.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.07 by $0.12. The business had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company's revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the business posted $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, sell-side analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on NFLX. Bank of America boosted their target price on shares of Netflix from $1,175.00 to $1,490.00 and gave the company a "buy" rating in a report on Friday, May 30th. Barclays reissued a "sell" rating and set a $1,100.00 target price (up previously from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. The Goldman Sachs Group boosted their target price on shares of Netflix from $1,000.00 to $1,140.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. Oppenheimer boosted their target price on shares of Netflix from $1,200.00 to $1,425.00 and gave the company an "outperform" rating in a report on Thursday, June 12th. Finally, Wolfe Research set a $1,340.00 price target on shares of Netflix and gave the stock an "outperform" rating in a report on Friday, May 16th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, Netflix has an average rating of "Moderate Buy" and an average target price of $1,297.66.

Insider Activity at Netflix

In other news, CFO Spencer Adam Neumann sold 685 shares of the stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $1,161.21, for a total transaction of $795,428.85. Following the completion of the sale, the chief financial officer directly owned 3,691 shares in the company, valued at approximately $4,286,026.11. This represents a 15.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Theodore A. Sarandos sold 2,026 shares of the stock in a transaction dated 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 owned 15,168 shares of the company's stock, valued at approximately $17,604,284.16. This represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 123,163 shares of company stock valued at $151,917,174 in the last quarter. 1.37% of the stock is currently owned by company insiders.

Netflix 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.