Keb Asset Management LLC Purchases Shares of 172 Netflix, Inc. $NFLX

Keb Asset Management LLC purchased a new stake in Netflix, Inc. (NASDAQ:NFLX) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 172 shares of the Internet television network’s stock, valued at approximately $230,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC grew its holdings in Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock valued at $25,000 after buying an additional 13 shares during the period. Maseco LLP purchased a new stake in shares of Netflix during the 2nd quarter worth about $39,000. Ransom Advisory Ltd purchased a new stake in shares of Netflix during the 2nd quarter worth about $47,000. Flaharty Asset Management LLC purchased a new stake in shares of Netflix during the 1st quarter worth about $37,000. Finally, Signature Resources Capital Management LLC grew its holdings in shares of Netflix by 740.0% during the 2nd quarter. Signature Resources Capital Management LLC now owns 42 shares of the Internet television network’s stock worth $56,000 after purchasing an additional 37 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In related news, CEO Gregory K. Peters sold 2,026 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the sale, the chief executive officer directly owned 12,781 shares of the company’s stock, valued at approximately $14,793,240.64. This represents a 13.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,600 shares of the company’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $1,172.51, for a total value of $3,048,526.00. Following the transaction, the chief financial officer owned 3,691 shares of the company’s stock, valued at approximately $4,327,734.41. The trade was a 41.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 104,100 shares of company stock worth $122,710,980. 1.37% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on NFLX shares. Canaccord Genuity Group reiterated a “buy” rating on shares of Netflix in a report on Thursday, July 10th. Morgan Stanley reiterated an “equal weight” rating on shares of Netflix in a report on Monday, July 21st. Citigroup reiterated a “neutral” rating and set a $1,295.00 target price (up previously from $1,280.00) on shares of Netflix in a report on Friday. Loop Capital raised Netflix from a “hold” rating to a “buy” rating and boosted their price target for the stock from $1,150.00 to $1,350.00 in a research report on Wednesday, September 17th. Finally, Barclays reissued a “sell” rating and set a $1,100.00 price target (up from $1,000.00) on shares of Netflix in a research report on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,335.00.

Netflix Stock Performance

Shares of NFLX opened at $1,153.32 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. The firm has a market cap of $490.08 billion, a price-to-earnings ratio of 49.14, a PEG ratio of 1.96 and a beta of 1.59. Netflix, Inc. has a 52-week low of $677.88 and a 52-week high of $1,341.15. The business’s 50 day moving average is $1,207.36 and its two-hundred day moving average is $1,158.96.

Netflix (NASDAQ:NFLX) last posted its quarterly 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. The business had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The business’s revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the company posted $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal 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.