1,309 Shares in Netflix, Inc. $NFLX Bought by Iams Wealth Management LLC

Key Points

• Iams Wealth Management LLC recently acquired 1,309 shares of Netflix, valued at approximately $1,753,000, during the 2nd quarter.
• Wall Street analysts have set a consensus price target of $1,328.87 for Netflix shares, with a majority rating it as a "Moderate Buy."
• Netflix reported a 15.9% increase in quarterly revenue year-over-year, achieving $11.08 billion and earnings per share (EPS) of $7.19, exceeding analyst estimates.

Iams Wealth Management LLC acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,309 shares of the Internet television network's stock, valued at approximately $1,753,000.

Other hedge funds have also added to or reduced their stakes in 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. Copia Wealth Management bought a new position in Netflix during the 4th quarter worth about $37,000. Flaharty Asset Management LLC bought a new position in Netflix during the 1st quarter worth about $37,000. Barnes Dennig Private Wealth Management LLC bought a new position in Netflix during the 1st quarter worth about $42,000. Finally, 1248 Management LLC bought a new position in Netflix during the 1st quarter worth about $43,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of Netflix from $1,230.00 to $1,300.00 and gave the stock a "neutral" rating in a research note on Friday, July 18th. Rosenblatt Securities increased their price objective on shares of Netflix from $1,514.00 to $1,515.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Seaport Res Ptn downgraded shares of Netflix from a "strong-buy" rating to a "hold" rating in a research note on Sunday, July 6th. Piper Sandler raised their target price on shares of Netflix from $1,400.00 to $1,500.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Finally, Morgan Stanley reiterated an "equal weight" rating on shares of Netflix in a research note on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,328.87.

Netflix Stock Up 1.6%

Shares of NFLX opened at $1,226.97 on Monday. Netflix, Inc. has a 12 month low of $677.88 and a 12 month high of $1,341.15. The firm's 50 day moving average is $1,212.49 and its 200-day moving average is $1,142.30. The stock has a market capitalization of $521.38 billion, a PE ratio of 52.28, a P/E/G ratio of 2.07 and a beta of 1.60. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58.

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, beating analysts' consensus estimates of $7.07 by $0.12. The business had revenue of $11.08 billion for the quarter, compared to analysts' expectations of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm's quarterly revenue was up 15.9% compared to the same quarter last year. During the same period last year, the firm posted $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Equities research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Activity

In related news, CEO Gregory K. Peters sold 2,026 shares of Netflix stock in a transaction that occurred 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 directly owned 12,781 shares of the company's stock, valued at $14,793,240.64. This trade represents a 13.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Theodore A. Sarandos sold 2,026 shares of Netflix stock in a transaction that occurred on Tuesday, August 5th. The shares were 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 directly owned 15,168 shares in the company, valued at $17,604,284.16. This trade represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 89,348 shares of company stock valued at $109,498,489. 1.37% of the stock is owned by insiders.

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.

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