VanderPol Investments L.L.C. Invests $276,000 in Netflix, Inc. $NFLX

Key Points

• VanderPol Investments L.L.C. invested $276,000 in Netflix, Inc., acquiring 206 shares during the second quarter, according to their latest SEC filing.
• The stock has experienced significant insider selling, with CEO Theodore A. Sarandos and Director Reed Hastings each offloading substantial shares, leading to a 99.07% reduction in Hastings' ownership.
• Wall Street analysts have varying ratings on Netflix, with an average rating of "Moderate Buy" and a consensus price target of $1,337.63.

VanderPol Investments L.L.C. acquired a new position in Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 206 shares of the Internet television network's stock, valued at approximately $276,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Optima Capital LLC raised its holdings in shares of Netflix by 3.5% in the second quarter. Optima Capital LLC now owns 239 shares of the Internet television network's stock valued at $320,000 after buying an additional 8 shares during the last quarter. Unified Investment Management raised its holdings in shares of Netflix by 1.7% in the second quarter. Unified Investment Management now owns 474 shares of the Internet television network's stock valued at $635,000 after buying an additional 8 shares during the last quarter. Plancorp LLC raised its holdings in shares of Netflix by 0.6% in the second quarter. Plancorp LLC now owns 1,278 shares of the Internet television network's stock valued at $1,711,000 after buying an additional 8 shares during the last quarter. Five Oceans Advisors raised its holdings in shares of Netflix by 1.1% in the second quarter. Five Oceans Advisors now owns 751 shares of the Internet television network's stock valued at $1,006,000 after buying an additional 8 shares during the last quarter. Finally, Old Port Advisors raised its holdings in shares of Netflix by 1.3% in the second quarter. Old Port Advisors now owns 624 shares of the Internet television network's stock valued at $836,000 after buying an additional 8 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Buying and Selling

In related news, CEO Theodore A. Sarandos sold 2,026 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the transaction, the chief executive officer directly owned 15,168 shares in the company, valued at $17,604,284.16. This trade represents a 11.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Reed Hastings sold 42,176 shares of the firm's 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 transaction, the director owned 394 shares in the company, valued at approximately $461,736.48. This trade represents a 99.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,100 shares of company stock worth $122,710,980 over the last quarter. Corporate insiders own 1.37% of the company's stock.

Wall Street Analyst Weigh In

NFLX has been the subject of a number of research analyst reports. Sanford C. Bernstein upped their target price on shares of Netflix from $1,200.00 to $1,390.00 and gave the company an "outperform" rating in a research report on Thursday, July 17th. Citigroup restated a "neutral" rating and set a $1,295.00 target price (up from $1,280.00) on shares of Netflix in a research report on Friday, October 3rd. JPMorgan Chase & Co. upped their target price on shares of Netflix from $1,230.00 to $1,300.00 and gave the company a "neutral" rating in a research report on Friday, July 18th. TD Cowen cut their target price on shares of Netflix from $1,450.00 to $1,425.00 and set a "buy" rating on the stock in a research report on Tuesday. Finally, Rosenblatt Securities upped their target price on shares of Netflix from $1,514.00 to $1,515.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $1,337.63.

Netflix Stock Performance

Netflix stock opened at $1,220.08 on Friday. The business has a 50 day moving average of $1,210.84 and a 200-day moving average of $1,167.10. Netflix, Inc. has a 1 year low of $677.88 and a 1 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 company has a market capitalization of $518.45 billion, a P/E ratio of 51.98, a P/E/G ratio of 2.07 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $11.04 billion. During the same period in the prior year, the business posted $4.88 earnings per share. The firm's revenue 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. On average, equities research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

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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