Netflix (NASDAQ:NFLX) Shares Acquired Rep. James Comer

Representative James Comer (R-Kentucky) recently bought shares of Netflix, Inc. (NASDAQ:NFLX). In a filing disclosed on January 10th, the Representative disclosed that they had bought between $1,001 and $15,000 in Netflix stock on January 2nd.

Representative James Comer also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Arista Networks (NYSE:ANET) on 1/2/2025.
• Purchased $1,001 – $15,000 in shares of Dover (NYSE:DOV) on 1/2/2025.
• Purchased $1,001 – $15,000 in shares of PayPal (NASDAQ:PYPL) on 1/2/2025.
• Purchased $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 1/2/2025.
• Purchased $1,001 – $15,000 in shares of Uber Technologies (NYSE:UBER) on 1/2/2025.
• Purchased $1,001 – $15,000 in shares of Broadcom (NASDAQ:AVGO) on 1/2/2025.
• Purchased $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 1/2/2025.
• Purchased $1,001 – $15,000 in shares of Amphenol (NYSE:APH) on 1/2/2025.
• Purchased $1,001 – $15,000 in shares of Apple (NASDAQ:AAPL) on 1/2/2025.
• Purchased $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 1/2/2025.

Netflix Stock Performance

NASDAQ NFLX traded up $15.13 during trading on Wednesday, reaching $843.53. The company’s stock had a trading volume of 1,139,765 shares, compared to its average volume of 2,854,356. The firm has a market capitalization of $360.57 billion, a price-to-earnings ratio of 47.74, a price-to-earnings-growth ratio of 1.77 and a beta of 1.27. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The firm has a 50 day moving average price of $881.04 and a 200 day moving average price of $755.96. Netflix, Inc. has a 12 month low of $475.26 and a 12 month high of $941.75.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, topping analysts’ consensus estimates of $5.09 by $0.31. The firm had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. As a group, equities analysts anticipate that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in NFLX. Brooklyn Investment Group boosted its position in shares of Netflix by 5.6% during the fourth quarter. Brooklyn Investment Group now owns 3,133 shares of the Internet television network’s stock worth $2,793,000 after acquiring an additional 165 shares during the last quarter. Sax Wealth Advisors LLC lifted its position in shares of Netflix by 20.6% in the fourth quarter. Sax Wealth Advisors LLC now owns 2,282 shares of the Internet television network’s stock worth $2,034,000 after buying an additional 390 shares in the last quarter. Merit Financial Group LLC boosted its stake in Netflix by 39.5% during the fourth quarter. Merit Financial Group LLC now owns 11,217 shares of the Internet television network’s stock valued at $9,998,000 after buying an additional 3,174 shares during the last quarter. Boston Common Asset Management LLC grew its holdings in Netflix by 47.1% during the 4th quarter. Boston Common Asset Management LLC now owns 38,196 shares of the Internet television network’s stock valued at $34,045,000 after buying an additional 12,228 shares in the last quarter. Finally, Relyea Zuckerberg Hanson LLC increased its stake in Netflix by 4.4% in the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 1,043 shares of the Internet television network’s stock worth $930,000 after acquiring an additional 44 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on NFLX shares. Bank of America boosted their price target on Netflix from $800.00 to $1,000.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Benchmark increased their price objective on shares of Netflix from $555.00 to $720.00 and gave the stock a “sell” rating in a research report on Friday, January 3rd. Wedbush reaffirmed an “outperform” rating and set a $950.00 target price (up from $800.00) on shares of Netflix in a research report on Monday, November 18th. Canaccord Genuity Group lifted their target price on shares of Netflix from $760.00 to $940.00 and gave the stock a “hold” rating in a research report on Monday, December 2nd. Finally, Macquarie raised their price objective on shares of Netflix from $795.00 to $965.00 and gave the stock an “outperform” rating in a report on Monday. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have issued a buy rating to the stock. According to MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and an average target price of $845.82.

Insider Transactions at Netflix

In other Netflix news, insider David A. Hyman sold 267 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at $24,202,828.70. This trade represents a 0.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Anne M. Sweeney sold 589 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total transaction of $518,320.00. The disclosure for this sale can be found here. Insiders have sold 156,742 shares of company stock valued at $131,030,268 in the last ninety days. Corporate insiders own 1.76% of the company’s stock.

About Representative Comer

James Comer Jr. (Republican Party) is a member of the U.S. House, representing Kentucky’s 1st Congressional District. He assumed office on November 14, 2016. His current term ends on January 3, 2025. Comer (Republican Party) ran for re-election to the U.S. House to represent Kentucky’s 1st Congressional District. He won in the general election on November 8, 2022. Prior to serving in Congress, Comer was the Kentucky Commissioner of Agriculture from 2012 to 2016, and the Kentucky House of Representatives from 2001 to 2012. He also unsuccessfully ran for Governor of Kentucky in 2015. A writer for the Louisville Courier-Journal called Comer “instrumental in the final passage of a five-year farm bill,” noting that he served on the conference committee that produced the final version of the bill. Comer is from Tompkinsville, Ky. He acted as the director of South Central Bank for 12 years and has been the co-owner of the Comer Land and Cattle Company. He previously served as president of CFB Foods Incorporated from 2001 to 2003 and president of Comer and Polston Insurance Incorporated from 1993 to 1995.

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.