Pegasus Asset Management Inc. Purchases Shares of 223 Netflix, Inc. $NFLX

Pegasus Asset Management Inc. acquired a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 223 shares of the Internet television network’s stock, valued at approximately $299,000.

Several other large investors have also recently made changes to their positions in NFLX. Halbert Hargrove Global Advisors LLC increased its holdings in shares of Netflix by 100.0% in the first 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. Stephens Consulting LLC increased its holdings in shares of Netflix by 150.0% in the second quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock worth $33,000 after purchasing an additional 15 shares during the last quarter. Flaharty Asset Management LLC bought a new stake in shares of Netflix in the first quarter worth about $37,000. Maseco LLP bought a new stake in shares of Netflix in the second quarter worth about $39,000. Finally, Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Netflix in the first quarter worth about $42,000. 80.93% of the stock is owned by institutional investors.

Netflix Stock Down 0.9%

Shares of NASDAQ:NFLX opened at $1,220.08 on Monday. Netflix, Inc. has a 1 year low of $677.88 and a 1 year high of $1,341.15. The business has a 50 day simple moving average of $1,210.84 and a two-hundred day simple moving average of $1,169.80. The firm has a market capitalization of $518.45 billion, a PE ratio of 51.98, a price-to-earnings-growth ratio of 2.05 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34.

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, beating the consensus estimate of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The business had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. During the same quarter in the previous year, the business earned $4.88 earnings per share. The company’s revenue for the quarter 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. On average, equities analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on NFLX shares. Rosenblatt Securities lifted their target price on Netflix from $1,514.00 to $1,515.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Needham & Company LLC reaffirmed a “buy” rating and issued a $1,500.00 target price on shares of Netflix in a report on Wednesday, September 10th. Robert W. Baird lifted their target price on Netflix from $1,300.00 to $1,500.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. TD Cowen dropped their price target 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. Finally, UBS Group set a $1,425.00 price objective on Netflix in a research report on Tuesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,337.63.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Theodore A. Sarandos sold 2,026 shares of the business’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the completion of the transaction, the chief executive officer owned 15,168 shares in the company, valued at $17,604,284.16. The trade was a 11.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Reed Hastings sold 42,176 shares of the business’s stock in a transaction that occurred 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 transaction, the director owned 394 shares of the company’s stock, valued at $461,736.48. This trade represents a 99.07% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 104,100 shares of company stock valued at $122,710,980. 1.37% of the stock is owned by company insiders.

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.