Evergreen Capital Management LLC Has $6.14 Million Position in Netflix, Inc. $NFLX

Evergreen Capital Management LLC raised its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 3.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,587 shares of the Internet television network's stock after purchasing an additional 218 shares during the period. Evergreen Capital Management LLC's holdings in Netflix were worth $6,143,000 as of its most recent filing with the SEC.

• 3 Subscription Stocks Built to Withstand Market Volatility

Several other hedge funds also recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC raised its stake in Netflix by 100.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after buying an additional 13 shares during the period. Brown Shipley& Co Ltd bought a new position in shares of Netflix during the 4th quarter valued at about $27,000. Copia Wealth Management bought a new position in shares of Netflix during the 4th quarter valued at about $37,000. Stuart Chaussee & Associates Inc. grew its position in shares of Netflix by 4,500.0% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock valued at $41,000 after purchasing an additional 45 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC bought a new stake in Netflix during the 1st quarter worth approximately $42,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Stock Performance

Shares of NASDAQ NFLX opened at $1,208.25 on Friday. The stock has a market capitalization of $513.42 billion, a PE ratio of 51.48, a price-to-earnings-growth ratio of 2.07 and a beta of 1.59. Netflix, Inc. has a 52 week low of $660.80 and a 52 week high of $1,341.15. The stock has a 50 day moving average price of $1,231.11 and a 200 day moving average price of $1,117.41. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34.

• NFL and WWE Land on ESPN—The Impact on Disney and TKO Stocks

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data 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 quarter in the prior year, the business posted $4.88 EPS. The business's 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. Analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Transactions at Netflix

In related news, CEO Theodore A. Sarandos sold 2,026 shares of Netflix stock in a transaction dated 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 approximately $17,604,284.16. This trade represents a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Spencer Adam Neumann sold 685 shares of the business's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $1,161.21, for a total value of $795,428.85. Following the transaction, the chief financial officer directly owned 3,691 shares in the company, valued at approximately $4,286,026.11. This trade represents a 15.65% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 123,163 shares of company stock valued at $151,917,174. 1.37% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

• IPO Market Stays Hot With These 2 Debuting Stocks

A number of research analysts have weighed in on NFLX shares. BMO Capital Markets reaffirmed an "outperform" rating and issued a $1,425.00 price target (up previously from $1,200.00) on shares of Netflix in a research note on Tuesday, July 15th. Bank of America upped their target price on shares of Netflix from $1,175.00 to $1,490.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Robert W. Baird increased 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. Jefferies Financial Group reissued a "buy" rating on shares of Netflix in a research note on Tuesday, August 12th. Finally, Seaport Res Ptn cut Netflix from a "strong-buy" rating to a "hold" rating in a research report on Sunday, July 6th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Netflix presently has an average rating of "Moderate Buy" and a consensus price target of $1,297.66.

Get Our Latest Analysis on Netflix

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.

Featured Articles

• Five stocks we like better than Netflix
• How to Calculate Options Profits
• Improving Fundamentals Drive New Buybacks for 3 Strong Performers
• How to Invest in Biotech Stocks
• 3 Reasons Gartner Could Be the Best Buy of Q3
• What is the Australian Securities Exchange (ASX)
• Free Cash Flow Boom Keeps Microsoft Ahead of the Pack

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Netflix Right Now?

Before you consider Netflix, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Netflix wasn't on the list.

While Netflix currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here