Talbot Financial LLC Has $22.74 Million Position in Netflix, Inc. $NFLX

Key Points

• Talbot Financial LLC increased its position in Netflix by 10.2%, holding $22.74 million worth of shares, which makes up 2.2% of its investment portfolio.
• Insider trading activity includes Reed Hastings selling over 42,000 shares, reducing his ownership by 99%, while CEO Theodore A. Sarandos sold 2,026 shares, decreasing his position by 11.78%.
• Analyst ratings indicate a "Moderate Buy" average for Netflix, with price targets raised up to $1,560.00 by various firms, despite one rating downgrading the stock to "Strong Sell".

Talbot Financial LLC boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 10.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,981 shares of the Internet television network's stock after buying an additional 1,575 shares during the quarter. Netflix makes up about 2.2% of Talbot Financial LLC's investment portfolio, making the stock its 10th largest holding. Talbot Financial LLC's holdings in Netflix were worth $22,740,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC grew its position in 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 period. Maseco LLP bought a new stake in Netflix during the second quarter valued at approximately $39,000. Ransom Advisory Ltd bought a new stake in Netflix during the second quarter valued at approximately $47,000. Flaharty Asset Management LLC bought a new stake in Netflix during the first quarter valued at approximately $37,000. Finally, Signature Resources Capital Management LLC grew its position in Netflix by 740.0% during the second quarter. Signature Resources Capital Management LLC now owns 42 shares of the Internet television network's stock valued at $56,000 after buying an additional 37 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Jefferies Financial Group reiterated a "buy" rating on shares of Netflix in a research report on Thursday, September 11th. TD Cowen upped their price target on shares of Netflix from $1,440.00 to $1,450.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Piper Sandler upped their price target on shares of Netflix from $1,400.00 to $1,500.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Wells Fargo & Company upped their price target on shares of Netflix from $1,500.00 to $1,560.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Finally, Phillip Securities lowered shares of Netflix from a "hold" rating to a "strong sell" rating in a research report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $1,335.00.

Insiders Place Their Bets

In other news, Director Reed Hastings sold 42,176 shares of the stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the sale, the director owned 394 shares of the company's stock, valued at approximately $461,736.48. This represents a 99.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Theodore A. Sarandos sold 2,026 shares of the firm's 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 completion of the transaction, the chief executive officer directly owned 15,168 shares in the company, valued at $17,604,284.16. This represents a 11.78% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 104,100 shares of company stock valued at $122,710,980. 1.37% of the stock is currently owned by company insiders.

Netflix Trading Down 0.8%

Shares of NFLX opened at $1,153.32 on Friday. Netflix, Inc. has a twelve month low of $677.88 and a twelve month high of $1,341.15. The company has a market cap of $490.08 billion, a P/E ratio of 49.14, a P/E/G ratio of 1.94 and a beta of 1.59. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The company's fifty day simple moving average is $1,207.36 and its 200-day simple moving average is $1,160.35.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results 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. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter in the prior year, the firm posted $4.88 earnings per share. The business's revenue for the quarter was up 15.9% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, analysts expect that Netflix, Inc. will post 24.58 EPS for the current 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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