Lifestyle Asset Management Inc. Buys 1,051 Shares of Netflix, Inc. $NFLX

Lifestyle Asset Management Inc. boosted its stake in Netflix, Inc. (NASDAQ:NFLX) by 257.0% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,460 shares of the Internet television network’s stock after acquiring an additional 1,051 shares during the period. Netflix accounts for 0.9% of Lifestyle Asset Management Inc.’s portfolio, making the stock its 22nd biggest position. Lifestyle Asset Management Inc.’s holdings in Netflix were worth $1,955,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC boosted 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 valued at $25,000 after acquiring an additional 13 shares during the last quarter. Brown Shipley& Co Ltd acquired a new stake in shares of Netflix during the 4th quarter worth approximately $27,000. Copia Wealth Management acquired a new stake in shares of Netflix during the 4th quarter worth approximately $37,000. Flaharty Asset Management LLC acquired a new stake in shares of Netflix during the 1st quarter worth approximately $37,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Netflix during the 1st quarter worth approximately $42,000. 80.93% of the stock is currently owned by institutional investors.

Netflix Price Performance

Shares of NFLX opened at $1,202.26 on Tuesday. Netflix, Inc. has a 12-month low of $677.88 and a 12-month high of $1,341.15. The business’s fifty day moving average is $1,216.40 and its 200 day moving average is $1,135.17. 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 stock has a market cap of $510.88 billion, a P/E ratio of 51.23, a P/E/G ratio of 2.00 and a beta of 1.60.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The company had revenue of $11.08 billion for the quarter, compared to analysts’ expectations of $11.04 billion. During the same period last year, the business earned $4.88 EPS. Netflix’s quarterly revenue 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. Sell-side analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Transactions at Netflix

In related news, Director Reed Hastings sold 25,959 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $1,207.71, for a total value of $31,350,943.89. Following the transaction, the director directly owned 394 shares in the company, valued at $475,837.74. This trade represents a 98.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Gregory K. Peters sold 2,026 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer owned 12,781 shares in the company, valued at approximately $14,793,240.64. This trade represents a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 89,348 shares of company stock valued at $109,498,489 in the last 90 days. 1.37% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on NFLX shares. Zacks Research downgraded shares of Netflix from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. TD Cowen raised their price objective on shares of Netflix from $1,440.00 to $1,450.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Loop Capital reaffirmed a “hold” rating on shares of Netflix in a research report on Tuesday, July 15th. Pivotal Research reaffirmed a “buy” rating on shares of Netflix in a research report on Thursday, July 10th. Finally, Morgan Stanley reaffirmed an “equal weight” rating on shares of Netflix in a research report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Netflix presently has an average rating of “Moderate Buy” and an average price target of $1,317.58.

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.