Jacobs & Co. CA Makes New $269,000 Investment in Netflix, Inc. $NFLX

Jacobs & Co. CA purchased a new position in Netflix, Inc. (NASDAQ:NFLX) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 201 shares of the Internet television network’s stock, valued at approximately $269,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Halbert Hargrove Global Advisors LLC grew its holdings in 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. Brown Shipley& Co Ltd purchased a new position in Netflix in the fourth quarter worth $27,000. Copia Wealth Management purchased a new position in Netflix in the fourth quarter worth $37,000. Flaharty Asset Management LLC purchased a new position in Netflix in the first quarter worth $37,000. Finally, Stuart Chaussee & Associates Inc. lifted its stake in shares of Netflix by 4,500.0% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network’s stock worth $41,000 after buying an additional 45 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NFLX. UBS Group reiterated a “market underperform” rating on shares of Netflix in a research note on Saturday, July 19th. Barclays reiterated a “sell” rating and set a $1,100.00 price objective (up from $1,000.00) on shares of Netflix in a research note on Wednesday, July 9th. KeyCorp lifted their price objective on shares of Netflix from $1,070.00 to $1,390.00 and gave the stock an “overweight” rating in a research note on Thursday, July 10th. Sanford C. Bernstein lifted their price objective on shares of Netflix from $1,200.00 to $1,390.00 and gave the stock an “outperform” rating in a research note on Thursday, July 17th. Finally, Wedbush reiterated an “outperform” rating and set a $1,500.00 price objective (up from $1,400.00) on shares of Netflix in a research note on Monday, July 14th. One 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 issued a Sell rating to the company. According to data from MarketBeat, Netflix has an average rating of “Moderate Buy” and an average target price of $1,317.58.

Insider Activity

In other Netflix news, CEO Gregory K. Peters sold 2,026 shares of the company’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the completion of the transaction, the chief executive officer owned 12,781 shares in the company, valued at approximately $14,793,240.64. This represents a 13.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Reed Hastings sold 25,959 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $1,207.71, for a total transaction of $31,350,943.89. Following the completion of the transaction, the director owned 394 shares of the company’s stock, valued at approximately $475,837.74. This trade represents a 98.50% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 89,348 shares of company stock worth $109,498,489. 1.37% of the stock is currently owned by insiders.

Netflix Trading Down 1.3%

NASDAQ NFLX opened at $1,188.44 on Friday. The company has a market capitalization of $505.00 billion, a PE ratio of 50.64, a P/E/G ratio of 2.03 and a beta of 1.60. The company has a fifty day moving average of $1,218.15 and a 200 day moving average of $1,131.45. Netflix, Inc. has a 1 year low of $677.88 and a 1 year high of $1,341.15. 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 posted its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.07 by $0.12. The company had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the firm posted $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

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.