Avidian Wealth Enterprises LLC Has $2 Million Position in Netflix, Inc. $NFLX

Key Points

• Avidian Wealth Enterprises LLC boosted its Netflix stake by 877% in Q4, adding 19,154 shares to hold 21,338 shares valued at about $2,001,000.
• Insiders have been sizable net sellers — Director Reed Hastings sold 407,550 shares (under a Rule 10b5‑1 plan) and insiders disposed of 1,398,593 shares totaling ~$132.74 million over the past three months.
• Netflix beat Q1 estimates (EPS $1.23 vs. $0.76) with revenue up 16.2% to $12.25B; Wall Street’s consensus is a Moderate Buy with a $114.82 target while the stock trades near ~$91.

Avidian Wealth Enterprises LLC grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 877.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 21,338 shares of the Internet television network's stock after buying an additional 19,154 shares during the period. Avidian Wealth Enterprises LLC's holdings in Netflix were worth $2,001,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NFLX. Brighton Jones LLC increased its stake in Netflix by 5.0% in the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock valued at $4,804,000 after acquiring an additional 257 shares during the period. Revolve Wealth Partners LLC increased its stake in Netflix by 16.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock valued at $912,000 after acquiring an additional 144 shares during the period. Sivia Capital Partners LLC increased its stake in Netflix by 21.2% in the second quarter. Sivia Capital Partners LLC now owns 1,406 shares of the Internet television network's stock valued at $1,883,000 after acquiring an additional 246 shares during the period. Strategic Investment Advisors MI increased its stake in Netflix by 18.9% in the second quarter. Strategic Investment Advisors MI now owns 774 shares of the Internet television network's stock valued at $1,036,000 after acquiring an additional 123 shares during the period. Finally, Schnieders Capital Management LLC. increased its stake in Netflix by 12.1% in the second quarter. Schnieders Capital Management LLC. now owns 2,115 shares of the Internet television network's stock valued at $2,832,000 after acquiring an additional 228 shares during the period. Institutional investors own 80.93% of the company's stock.

Insider Buying and Selling at Netflix

In other news, insider David A. Hyman sold 5,727 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $81.06, for a total transaction of $464,230.62. Following the sale, the insider directly owned 316,100 shares of the company's stock, valued at $25,623,066. This represents a 1.78% 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 Reed Hastings sold 407,550 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $93.13, for a total transaction of $37,955,131.50. Following the sale, the director directly owned 3,940 shares in the company, valued at $366,932.20. This trade represents a 99.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,398,593 shares of company stock valued at $132,740,606 over the last three months. Insiders own 1.37% of the company's stock.

Netflix Price Performance

NFLX opened at $91.05 on Tuesday. Netflix, Inc. has a one year low of $75.01 and a one year high of $134.12. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.41 and a quick ratio of 1.41. The company's 50 day simple moving average is $94.81 and its 200-day simple moving average is $96.77. The stock has a market capitalization of $383.38 billion, a P/E ratio of 29.41, a price-to-earnings-growth ratio of 1.18 and a beta of 1.55.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results on Thursday, April 16th. The Internet television network reported $1.23 EPS for the quarter, beating the consensus estimate of $0.76 by $0.47. Netflix had a net margin of 28.52% and a return on equity of 40.92%. The business had revenue of $12.25 billion for the quarter, compared to analysts' expectations of $12.17 billion. During the same period in the prior year, the firm earned $6.61 earnings per share. Netflix's revenue was up 16.2% compared to the same quarter last year. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. Sell-side analysts anticipate that Netflix, Inc. will post 3.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NFLX. Jefferies Financial Group lowered their target price on shares of Netflix from $134.00 to $128.00 and set a "buy" rating on the stock in a research note on Friday, April 17th. Seaport Research Partners upped their target price on shares of Netflix from $115.00 to $119.00 and gave the company a "buy" rating in a research note on Friday, April 17th. President Capital upped their target price on shares of Netflix from $133.00 to $134.00 and gave the company a "buy" rating in a research note on Tuesday, March 31st. HSBC upped their target price on shares of Netflix from $106.00 to $114.00 and gave the company a "buy" rating in a research note on Friday, April 10th. Finally, Morgan Stanley reissued an "overweight" rating on shares of Netflix in a research note on Friday, April 17th. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and fifteen have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $114.82.

Netflix Profile

Netflix, Inc NASDAQ: NFLX is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company's primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.

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