Representative Rick W. Allen (R-Georgia) recently bought shares of Netflix, Inc. (NASDAQ:NFLX). In a filing disclosed on June 18th, the Representative disclosed that they had bought between $15,001 and $50,000 in Netflix stock on May 16th. The trade occurred in the Representative's "R.W. ALLEN & ASSOCIATES, INC. > RWA&A - SECURITIES" account.
Representative Rick W. Allen also recently made the following trade(s):
- Purchased $1,001 - $15,000 in shares of Intuit NASDAQ: INTU on 6/20/2025.
- Sold $15,001 - $50,000 in shares of Thermo Fisher Scientific NYSE: TMO on 5/16/2025.
- Sold $15,001 - $50,000 in shares of Thermo Fisher Scientific NYSE: TMO on 4/11/2025.
Netflix Trading Down 0.0%
Shares of NASDAQ:NFLX traded down $0.27 during midday trading on Friday, hitting $1,180.49. 2,619,830 shares of the stock were exchanged, compared to its average volume of 4,304,122. The business's 50-day moving average price is $1,236.66 and its 200 day moving average price is $1,069.32. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,341.15. The stock has a market capitalization of $501.63 billion, a price-to-earnings ratio of 50.30, a P/E/G ratio of 1.98 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 1.34.
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. The business had revenue of $11.08 billion for the quarter, compared to analysts' expectations of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%. The firm's revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the business posted $4.88 earnings per share. Analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.
Analyst Ratings Changes
NFLX has been the topic of a number of research reports. BMO Capital Markets reaffirmed an "outperform" rating and set a $1,425.00 target price (up from $1,200.00) on shares of Netflix in a research report on Tuesday, July 15th. Piper Sandler upped their price objective on Netflix from $1,400.00 to $1,500.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Guggenheim reissued a "buy" rating and issued a $1,150.00 price objective (up previously from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Benchmark reissued a "hold" rating on shares of Netflix in a report on Monday, April 21st. Finally, Jefferies Financial Group set a $1,500.00 price objective on Netflix and gave the stock a "buy" rating in a report on Friday, July 18th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $1,297.66.
Check Out Our Latest Report on NFLX
Insiders Place Their Bets
In other news, Director Reed Hastings sold 26,977 shares of the firm's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $1,133.05, for a total transaction of $30,566,289.85. Following the completion of the transaction, the director directly owned 394 shares in the company, valued at $446,421.70. This trade represents a 98.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jay C. Hoag sold 32,515 shares of the firm's stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $1,101.97, for a total value of $35,830,554.55. Following the transaction, the director owned 79,040 shares of the company's stock, valued at approximately $87,099,708.80. This represents a 29.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 185,923 shares of company stock valued at $222,445,095. 1.37% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Netflix
Institutional investors and hedge funds have recently modified their holdings of the stock. Optima Capital LLC raised its holdings in shares of Netflix by 3.5% during the second quarter. Optima Capital LLC now owns 239 shares of the Internet television network's stock valued at $320,000 after acquiring an additional 8 shares during the last quarter. Unified Investment Management grew its position 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 purchasing an additional 8 shares in the last quarter. Plancorp LLC grew its position 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 purchasing an additional 8 shares in the last quarter. Five Oceans Advisors grew its position 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 purchasing an additional 8 shares in the last quarter. Finally, Old Port Advisors grew its position in Netflix by 1.3% in the second quarter. Old Port Advisors now owns 624 shares of the Internet television network's stock worth $836,000 after acquiring an additional 8 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.
About Representative Allen
Rick Allen (Republican Party) is a member of the U.S. House, representing Georgia's 12th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027.
Allen (Republican Party) ran for re-election to the U.S. House to represent Georgia's 12th Congressional District. He won in the general election on November 5, 2024.
Allen was born in Augusta, Georgia, in 1951. He attended Auburn University in Alabama, graduating in 1973 with a B.S. in building construction.
After earning his degree, Allen worked as an estimator, project administrator and assistant to the president with a construction firm in Augusta. In 1976, he founded his own construction business, R. W. Allen & Associates, Inc. The company operates in six states across the country. In 2008, Allen was presented with the Augusta Metro Chamber of Commerce’s Small Business Person of the Year award.
Netflix Company Profile
(
Get Free Report)
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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