Strategic Financial Services Inc. Invests $207,000 in Netflix, Inc. $NFLX

Key Points

• Strategic Financial Services Inc. has initiated a $207,000 investment in Netflix, Inc., acquiring 222 shares during the 1st quarter, per their recent SEC filing.
• Recently, several institutional investors have increased their holdings in Netflix, with total ownership now at 80.93%.
• Analysts have mixed sentiments on Netflix, with a consensus rating of "Moderate Buy" and a price target averaging around $1,317.58.

Strategic Financial Services Inc. bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 222 shares of the Internet television network's stock, valued at approximately $207,000.

Other large investors also recently made changes to their positions in the company. Halbert Hargrove Global Advisors LLC grew its holdings 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 worth $25,000 after purchasing an additional 13 shares during the last quarter. Brown Shipley& Co Ltd bought a new stake in shares of Netflix during the fourth quarter worth $27,000. Flaharty Asset Management LLC bought a new stake in shares of Netflix during the first quarter worth $37,000. Copia Wealth Management bought a new stake in shares of Netflix during the fourth quarter worth $37,000. Finally, Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Netflix during the first quarter worth $42,000. Institutional investors own 80.93% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on NFLX shares. Evercore ISI restated an "outperform" rating on shares of Netflix in a report on Thursday, May 15th. Phillip Securities cut Netflix from a "hold" rating to a "strong sell" rating in a report on Monday, July 21st. Wolfe Research set a $1,340.00 price target on Netflix and gave the company an "outperform" rating in a report on Friday, May 16th. The Goldman Sachs Group raised their price target on Netflix from $1,000.00 to $1,140.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. Finally, Zacks Research cut Netflix from a "strong-buy" rating to a "hold" rating in a report on Monday, September 1st. One research 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 stock. Based on data from MarketBeat.com, Netflix has a consensus rating of "Moderate Buy" and a consensus target price of $1,317.58.

Insider Activity at Netflix

In related news, CEO Gregory K. Peters sold 2,026 shares of Netflix stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the sale, the chief executive officer owned 12,781 shares of the company's stock, valued at approximately $14,793,240.64. This trade represents a 13.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David A. Hyman sold 424 shares of Netflix stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total value of $491,276.08. Following the completion of the sale, the insider directly owned 31,610 shares in the company, valued at approximately $36,625,558.70. This represents a 1.32% decrease in their position. 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. Insiders own 1.37% of the company's stock.

Netflix Trading Down 1.2%

NASDAQ NFLX opened at $1,247.71 on Thursday. The firm has a market cap of $530.19 billion, a P/E ratio of 53.16, a P/E/G ratio of 2.13 and a beta of 1.60. 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 stock's 50-day moving average is $1,222.12 and its 200-day moving average is $1,128.51. Netflix, Inc. has a one year low of $660.80 and a one year high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly 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. The company had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.Netflix's revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the firm posted $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Sell-side analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.

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