Smith Chas P & Associates PA Cpas Buys 41 Shares of Netflix, Inc. $NFLX

Smith Chas P & Associates PA Cpas raised its stake in Netflix, Inc. (NASDAQ:NFLX) by 11.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 402 shares of the Internet television network’s stock after acquiring an additional 41 shares during the period. Smith Chas P & Associates PA Cpas’ holdings in Netflix were worth $538,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Optima Capital LLC increased 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 worth $320,000 after buying an additional 8 shares in the last quarter. Unified Investment Management increased 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 purchasing an additional 8 shares in the last quarter. Plancorp LLC grew its holdings in Netflix by 0.6% during the 2nd quarter. Plancorp LLC now owns 1,278 shares of the Internet television network’s stock worth $1,711,000 after acquiring an additional 8 shares during the period. Five Oceans Advisors grew its holdings in Netflix by 1.1% during the 2nd quarter. Five Oceans Advisors now owns 751 shares of the Internet television network’s stock worth $1,006,000 after acquiring an additional 8 shares during the period. Finally, Old Port Advisors grew its holdings in Netflix by 1.3% during the 2nd 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. 80.93% of the stock is currently owned by institutional investors.

Netflix Trading Down 0.3%

NFLX opened at $1,206.41 on Tuesday. The stock has a market capitalization of $512.63 billion, a P/E ratio of 51.40, a P/E/G ratio of 2.04 and a beta of 1.60. Netflix, Inc. has a 12 month low of $677.88 and a 12 month high of $1,341.15. The firm’s fifty day simple moving average is $1,208.21 and its 200 day simple moving average is $1,155.55. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data 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 net margin of 24.58% and a return on equity of 42.50%. The firm’s revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Reed Hastings sold 25,959 shares of the business’s 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 sale, the director directly owned 394 shares of the company’s stock, valued at approximately $475,837.74. The trade was a 98.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory K. Peters sold 2,026 shares of Netflix stock in a transaction on Tuesday, August 5th. The shares were 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 owned 12,781 shares in the company, valued at $14,793,240.64. The trade was a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 59,324 shares of company stock worth $70,235,556 in the last ninety days. 1.37% of the stock is owned by insiders.

Analysts Set New Price Targets

NFLX has been the subject of a number of analyst reports. Jefferies Financial Group reaffirmed a “buy” rating on shares of Netflix in a report on Thursday, September 11th. Rosenblatt Securities lifted their target price on shares of Netflix from $1,514.00 to $1,515.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Barclays reaffirmed a “sell” rating and set a $1,100.00 target price (up previously from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. Loop Capital raised shares of Netflix from a “hold” rating to a “buy” rating and lifted their target price for the stock from $1,150.00 to $1,350.00 in a report on Wednesday, September 17th. Finally, TD Cowen lifted their target price on shares of Netflix from $1,440.00 to $1,450.00 and gave the stock a “buy” rating in a report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,328.87.

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.