Netflix (NASDAQ:NFLX) Shares Acquired Rep. Bruce Westerman

Representative Bruce Westerman (R-Arkansas) recently bought shares of Netflix, Inc. NASDAQ: NFLX. In a filing disclosed on April 16th, the Representative disclosed that they had bought between $1,001 and $15,000 in Netflix stock on March 3rd. The trade occurred in the Representative's "FISHER IRA" account.

Representative Bruce Westerman also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of LVMH Moët Hennessy - Louis Vuitton, Société Européenne OTCMKTS: LVMUY on 4/2/2025.
• Purchased $1,001 - $15,000 in shares of Sony Group NYSE: SONY on 3/24/2025.
• Purchased $1,001 - $15,000 in shares of Mitsubishi UFJ Financial Group NYSE: MUFG on 3/21/2025.
• Purchased $1,001 - $15,000 in shares of BP NYSE: BP on 3/21/2025.
• Sold $1,001 - $15,000 in shares of Procter & Gamble NYSE: PG on 3/20/2025.
• Sold $1,001 - $15,000 in shares of Medtronic NYSE: MDT on 3/20/2025.
• Purchased $1,001 - $15,000 in shares of ASML NASDAQ: ASML on 3/20/2025.
• Sold $1,001 - $15,000 in shares of Visa NYSE: V on 3/20/2025.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 3/20/2025.
• Sold $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 3/20/2025.

Netflix Price Performance

NFLX stock traded up $66.45 during trading on Tuesday, hitting $1,054.36. The company had a trading volume of 5,805,316 shares, compared to its average volume of 4,881,417. The business has a 50 day moving average of $954.08 and a 200 day moving average of $896.26. The firm has a market capitalization of $451.01 billion, a price-to-earnings ratio of 53.17, a P/E/G ratio of 2.12 and a beta of 1.55. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a fifty-two week low of $544.25 and a fifty-two week high of $1,064.97.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping the consensus estimate of $5.74 by $0.87. The firm had revenue of $10.54 billion for the quarter, compared to analysts' expectations of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same quarter in the previous year, the company earned $8.28 earnings per share. As a group, research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Institutional Investors Weigh In On Netflix

Several large investors have recently modified their holdings of the stock. Halbert Hargrove Global Advisors LLC grew its holdings in shares of Netflix by 100.0% in the 1st 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 acquired a new stake in shares of Netflix during the fourth quarter worth approximately $27,000. Pathway Financial Advisers LLC boosted its holdings in shares of Netflix by 82.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after acquiring an additional 14 shares in the last quarter. Transce3nd LLC acquired a new stake in Netflix during the 4th quarter valued at $32,000. Finally, Newton One Investments LLC bought a new stake in shares of Netflix during the fourth quarter worth $34,000. 80.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. BMO Capital Markets reiterated an "outperform" rating and issued a $1,200.00 price target (up from $1,175.00) on shares of Netflix in a research report on Friday. Canaccord Genuity Group lifted their price target on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock a "buy" rating in a research report on Monday. Arete Research raised Netflix to a "hold" rating in a research note on Thursday, January 23rd. Argus upped their target price on Netflix from $840.00 to $1,040.00 and gave the company a "buy" rating in a report on Monday, January 6th. Finally, Piper Sandler assumed coverage on Netflix in a report on Thursday, April 17th. They set an "overweight" rating and a $1,100.00 price objective on the stock. Nine research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Netflix presently has an average rating of "Moderate Buy" and a consensus price target of $1,070.65.

Insider Activity at Netflix

In related news, CFO Spencer Adam Neumann sold 2,601 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $921.72, for a total value of $2,397,393.72. Following the completion of the sale, the chief financial officer now owns 3,691 shares of the company's stock, valued at $3,402,068.52. This trade represents a 41.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Strive Masiyiwa sold 2,813 shares of the stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $1,007.87, for a total value of $2,835,138.31. The disclosure for this sale can be found here. Insiders sold 274,312 shares of company stock valued at $267,919,297 over the last ninety days. 1.76% of the stock is owned by insiders.

About Representative Westerman

Bruce Westerman (Republican Party) is a member of the U.S. House, representing Arkansas' 4th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027. Westerman (Republican Party) is running for re-election to the U.S. House to represent Arkansas' 4th Congressional District. He declared candidacy for the 2026 election. Westerman earned his BSBAGE in biological and agricultural engineering from the University of Arkansas in 1990 and his MF in forestry from Yale University in 2001. His professional experience includes working as a plant engineer for Riceland Foods and an engineer/forester for Mid-South Engineering Company.

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.