GoalVest Advisory LLC Acquires 36 Shares of Netflix, Inc. $NFLX

GoalVest Advisory LLC boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 900.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 40 shares of the Internet television network’s stock after purchasing an additional 36 shares during the quarter. GoalVest Advisory LLC’s holdings in Netflix were worth $54,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Stephens Consulting LLC lifted its position in shares of Netflix by 150.0% in the 2nd quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock worth $33,000 after acquiring an additional 15 shares during the period. Flaharty Asset Management LLC bought a new stake in shares of Netflix in the 1st quarter worth approximately $37,000. Maseco LLP bought a new stake in shares of Netflix in the 2nd quarter worth approximately $39,000. LGT Financial Advisors LLC bought a new stake in shares of Netflix in the 2nd quarter worth approximately $40,000. Finally, Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Netflix in the 1st quarter worth approximately $42,000. Institutional investors own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Zacks Research downgraded Netflix from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. TD Cowen reduced their price objective on Netflix from $1,450.00 to $1,425.00 and set a “buy” rating for the company in a research report on Tuesday, October 7th. Loop Capital upgraded Netflix from a “hold” rating to a “buy” rating and raised their target price for the stock from $1,150.00 to $1,350.00 in a research report on Wednesday, September 17th. Argus set a $1,410.00 target price on Netflix in a research report on Thursday. Finally, BMO Capital Markets restated an “outperform” rating and set a $1,425.00 target price (up previously from $1,200.00) on shares of Netflix in a research report on Tuesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,352.78.

Insider Activity

In related news, insider Cletus R. Willems sold 238 shares of the firm’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $1,153.52, for a total transaction of $274,537.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Reed Hastings sold 42,176 shares of the firm’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the sale, the director directly owned 394 shares of the company’s stock, valued at $461,736.48. This represents a 99.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 104,100 shares of company stock worth $122,710,980. 1.37% of the stock is currently owned by insiders.

Netflix Trading Down 0.0%

NFLX stock opened at $1,094.56 on Tuesday. The business has a fifty day moving average price of $1,204.20 and a 200 day moving average price of $1,190.20. Netflix, Inc. has a fifty-two week low of $747.77 and a fifty-two week high of $1,341.15. The stock has a market capitalization of $463.80 billion, a price-to-earnings ratio of 45.72, a P/E/G ratio of 1.89 and a beta of 1.59. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.33.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share for the quarter, missing analysts’ consensus estimates of $6.88 by ($1.01). Netflix had a net margin of 24.05% and a return on equity of 41.86%. The business had revenue of $11.51 billion for the quarter, compared to analyst estimates of $11.52 billion. During the same period in the prior year, the business earned $5.40 earnings per share. The company’s revenue for the quarter 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. Analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

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.