Transcendent Capital Group LLC Makes New Investment in Netflix, Inc. $NFLX

Key Points

• Transcendent Capital Group LLC has made a new investment in Netflix, purchasing 207 shares valued at approximately $277,000 during the 2nd quarter.
• Insiders, including CEO Gregory K. Peters and CFO Spencer Adam Neumann, have sold significant portions of their stock, with sales totaling around $122.7 million recently.
• Analysts have raised their price targets for Netflix, with estimates reaching as high as $1,560.00, while the stock currently has a moderate buy rating and an average target of $1,337.63.

Transcendent Capital Group LLC bought a new position in Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 207 shares of the Internet television network's stock, valued at approximately $277,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Halbert Hargrove Global Advisors LLC increased 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 valued at $25,000 after purchasing an additional 13 shares during the period. Maseco LLP acquired a new position in shares of Netflix during the second quarter valued at $39,000. Ransom Advisory Ltd acquired a new position in shares of Netflix during the second quarter valued at $47,000. Flaharty Asset Management LLC acquired a new position in shares of Netflix during the first quarter valued at $37,000. Finally, Signature Resources Capital Management LLC increased its holdings in shares of 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 purchasing an additional 37 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Netflix news, CEO Gregory K. Peters 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 $1,157.44, for a total transaction of $2,344,973.44. Following the completion of the sale, the chief executive officer directly owned 12,781 shares in the company, valued at approximately $14,793,240.64. This trade represents a 13.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of the firm's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $1,162.40, for a total value of $3,023,402.40. Following the sale, the chief financial officer owned 3,691 shares of the company's stock, valued at $4,290,418.40. The trade was 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 104,100 shares of company stock worth $122,710,980 over the last three months. Company insiders own 1.37% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on NFLX shares. Sanford C. Bernstein raised their price target on Netflix from $1,200.00 to $1,390.00 and gave the company an "outperform" rating in a report on Thursday, July 17th. Wells Fargo & Company raised their price target on Netflix from $1,500.00 to $1,560.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Netflix in a report on Wednesday. Jefferies Financial Group reaffirmed a "buy" rating on shares of Netflix in a report on Thursday, September 11th. Finally, The Goldman Sachs Group lowered their target price on Netflix from $1,310.00 to $1,300.00 and set a "neutral" rating on the stock in a report on Tuesday, September 30th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Netflix currently has an average rating of "Moderate Buy" and an average price target of $1,337.63.

Netflix Trading Down 0.9%

NASDAQ:NFLX opened at $1,220.08 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 1-year low of $677.88 and a 1-year high of $1,341.15. The firm has a market capitalization of $518.44 billion, a price-to-earnings ratio of 51.98, a price-to-earnings-growth ratio of 2.05 and a beta of 1.59. The stock has a fifty day simple moving average of $1,210.84 and a 200 day simple moving average of $1,168.46.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share 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 business had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. During the same quarter last year, the company posted $4.88 EPS. Netflix'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. Sell-side analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

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.

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