Leavell Investment Management Inc. Raises Stock Holdings in Netflix, Inc. $NFLX

Leavell Investment Management Inc. increased its stake in Netflix, Inc. (NASDAQ:NFLX) by 2.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 684 shares of the Internet television network’s stock after purchasing an additional 16 shares during the period. Leavell Investment Management Inc.’s holdings in Netflix were worth $916,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Optima Capital LLC grew its position in Netflix by 3.5% in the second quarter. Optima Capital LLC now owns 239 shares of the Internet television network’s stock worth $320,000 after acquiring an additional 8 shares in the last quarter. Unified Investment Management raised its position in Netflix by 1.7% during 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 lifted its stake in Netflix by 0.6% during the second quarter. Plancorp LLC now owns 1,278 shares of the Internet television network’s stock worth $1,711,000 after purchasing an additional 8 shares during the last quarter. Five Oceans Advisors boosted its holdings in shares of Netflix by 1.1% in the 2nd quarter. Five Oceans Advisors now owns 751 shares of the Internet television network’s stock worth $1,006,000 after purchasing an additional 8 shares in the last quarter. Finally, Old Port Advisors boosted its holdings in shares of Netflix by 1.3% in the 2nd quarter. Old Port Advisors now owns 624 shares of the Internet television network’s stock worth $836,000 after purchasing an additional 8 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Morgan Stanley set a $1,500.00 price objective on Netflix in a report on Monday, October 13th. BMO Capital Markets reissued an “outperform” rating and set a $1,425.00 price target (up from $1,200.00) on shares of Netflix in a research note on Tuesday, July 15th. Cowen restated a “buy” rating on shares of Netflix in a report on Tuesday, October 7th. JPMorgan Chase & Co. reduced their target price on shares of Netflix from $1,300.00 to $1,275.00 and set a “neutral” rating on the stock in a report on Wednesday, October 22nd. Finally, Wedbush decreased their target price on shares of Netflix from $1,500.00 to $1,400.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,352.78.

Insider Buying and Selling

In related news, CFO Spencer Adam Neumann sold 2,600 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $1,172.51, for a total transaction of $3,048,526.00. Following the transaction, the chief financial officer owned 3,691 shares in the company, valued at $4,327,734.41. The trade was a 41.33% 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 stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the completion of the sale, the director owned 394 shares of the company’s stock, valued at approximately $461,736.48. This trade represents a 99.07% decrease in their position. The disclosure for this sale can be found here. Insiders sold 104,100 shares of company stock valued at $122,710,980 over the last ninety days. Corporate insiders own 1.37% of the company’s stock.

Netflix Stock Down 1.7%

Shares of NASDAQ NFLX opened at $1,094.69 on Monday. The firm’s fifty day moving average is $1,207.21 and its 200 day moving average is $1,189.16. Netflix, Inc. has a 52 week low of $747.77 and a 52 week high of $1,341.15. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.56. The company has a market cap of $463.85 billion, a price-to-earnings ratio of 45.73, a PEG ratio of 1.89 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.88 by ($1.01). Netflix had a return on equity of 41.86% and a net margin of 24.05%.The firm had revenue of $11.51 billion during the quarter, compared to the consensus estimate of $11.52 billion. During the same period last year, the business earned $5.40 EPS. Netflix’s revenue was up 17.2% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. On average, equities research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Netflix 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.