Cyrus J. Lawrence LLC Acquires 432 Shares of Netflix, Inc. $NFLX

Cyrus J. Lawrence LLC grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 2,880.0% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 447 shares of the Internet television network’s stock after purchasing an additional 432 shares during the period. Cyrus J. Lawrence LLC’s holdings in Netflix were worth $416,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NFLX. Halbert Hargrove Global Advisors LLC increased its stake in shares of Netflix by 100.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock worth $25,000 after purchasing an additional 13 shares during the last quarter. Brown Shipley& Co Ltd acquired a new position in shares of Netflix during the 4th quarter worth about $27,000. Copia Wealth Management acquired a new position in shares of Netflix during the 4th quarter worth about $37,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Netflix during the 1st quarter worth about $42,000. Finally, Stuart Chaussee & Associates Inc. increased its stake in shares of Netflix by 4,500.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network’s stock worth $41,000 after purchasing an additional 45 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Insider Activity

In other Netflix news, CEO Theodore A. Sarandos sold 2,026 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the transaction, the chief executive officer owned 15,168 shares in the company, valued at $17,604,284.16. This represents a 11.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $1,162.40, for a total transaction of $3,023,402.40. Following the transaction, the chief financial officer owned 3,691 shares in the company, valued at approximately $4,290,418.40. The trade was a 41.34% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 123,163 shares of company stock worth $151,917,174. Insiders own 1.37% of the company’s stock.

Netflix Stock Performance

Shares of NASDAQ:NFLX opened at $1,208.25 on Friday. The company’s 50 day moving average price is $1,231.11 and its two-hundred day moving average price is $1,118.03. Netflix, Inc. has a 12-month low of $660.80 and a 12-month high of $1,341.15. The firm has a market cap of $513.42 billion, a PE ratio of 51.48, a PEG ratio of 2.03 and a beta of 1.59. 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 (NASDAQ:NFLX) last announced its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same quarter in the prior year, the business posted $4.88 EPS. The business’s revenue was up 15.9% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Equities research 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 several recent analyst reports. Phillip Securities lowered shares of Netflix from a “hold” rating to a “strong sell” rating in a research note on Monday, July 21st. Piper Sandler boosted their price objective on shares of Netflix from $1,400.00 to $1,500.00 and gave the stock an “overweight” rating in a research note on Friday, July 18th. JPMorgan Chase & Co. upped their price target on shares of Netflix from $1,230.00 to $1,300.00 and gave the company a “neutral” rating in a research note on Friday, July 18th. Jefferies Financial Group reiterated a “buy” rating on shares of Netflix in a research note on Tuesday, August 12th. Finally, Barclays reiterated a “sell” rating and issued a $1,100.00 price target (up previously from $1,000.00) on shares of Netflix in a research note on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,297.66.

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.