Westbourne Investments Inc. Acquires 1,250 Shares of Netflix, Inc. $NFLX

Key Points

• Westbourne Investments Inc. increased its holdings in Netflix, Inc. by 107.9% in the first quarter, acquiring an additional 1,250 shares, bringing its total shares to 2,408.
• Netflix stock opened at $1,249.67, with a market cap of $531.02 billion and a P/E ratio of 53.29.
• Insiders, including Director Reed Hastings and CEO Gregory K. Peters, have sold significant shares recently, with Hastings selling 25,959 shares for approximately $31.3 million.

Westbourne Investments Inc. increased its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 107.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,408 shares of the Internet television network's stock after purchasing an additional 1,250 shares during the quarter. Netflix makes up 1.4% of Westbourne Investments Inc.'s investment portfolio, making the stock its 19th biggest holding. Westbourne Investments Inc.'s holdings in Netflix were worth $2,246,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Brighton Jones LLC boosted its position in Netflix by 5.0% during the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock valued at $4,804,000 after acquiring an additional 257 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of Netflix by 16.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock worth $912,000 after acquiring an additional 144 shares during the last quarter. Lazard Asset Management LLC raised its holdings in shares of Netflix by 5.0% in the 4th quarter. Lazard Asset Management LLC now owns 54,984 shares of the Internet television network's stock worth $49,008,000 after acquiring an additional 2,618 shares during the last quarter. Morse Asset Management Inc raised its holdings in shares of Netflix by 2.0% in the 4th quarter. Morse Asset Management Inc now owns 6,957 shares of the Internet television network's stock worth $6,201,000 after acquiring an additional 137 shares during the last quarter. Finally, Obermeyer Wealth Partners increased its stake in Netflix by 4.9% in the 4th quarter. Obermeyer Wealth Partners now owns 691 shares of the Internet television network's stock valued at $616,000 after buying an additional 32 shares during the last quarter. Institutional investors own 80.93% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Rosenblatt Securities increased 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. Needham & Company LLC reaffirmed a "buy" rating and issued a $1,500.00 price objective on shares of Netflix in a report on Wednesday. Phillip Securities downgraded shares of Netflix from a "hold" rating to a "strong sell" rating in a report on Monday, July 21st. JPMorgan Chase & Co. raised their price objective on shares of Netflix from $1,230.00 to $1,300.00 and gave the stock a "neutral" rating in a report on Friday, July 18th. Finally, Morgan Stanley reaffirmed an "equal weight" rating on shares of Netflix in a report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Netflix currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,317.58.

Insider Buying and Selling at Netflix

In related news, Director Reed Hastings sold 25,959 shares of Netflix stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $1,207.71, for a total value of $31,350,943.89. Following the transaction, the director owned 394 shares in the company, valued at $475,837.74. This trade represents a 98.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gregory K. Peters sold 2,026 shares of the firm's stock in a transaction on 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 disclosure for this sale can be found here. Insiders have sold 89,348 shares of company stock worth $109,498,489 in the last 90 days. 1.37% of the stock is owned by company insiders.

Netflix Stock Performance

Netflix stock opened at $1,249.67 on Wednesday. The firm's fifty day moving average price is $1,222.86 and its 200-day moving average price is $1,127.68. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a market cap of $531.02 billion, a P/E ratio of 53.29, a price-to-earnings-growth ratio of 2.10 and a beta of 1.60. Netflix, Inc. has a fifty-two week low of $660.80 and a fifty-two week high of $1,341.15.

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