CFM Wealth Partners LLC Increases Stock Position in Netflix, Inc. $NFLX

Key Points

• CFM Wealth Partners LLC increased its stake in Netflix, Inc. by 24.4% in the second quarter, owning a total of 6,569 shares valued at approximately $8.8 million.
• Other institutional investors have also shown significant activity, with Nuveen LLC acquiring nearly $2.4 billion in new shares during the first quarter, and Goldman Sachs increasing its position by 57.3%.
• Netflix reported $7.19 EPS in its latest quarterly earnings, exceeding analysts' expectations, and raised its full-year EPS guidance, indicating strong financial performance.

CFM Wealth Partners LLC raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 24.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,569 shares of the Internet television network's stock after purchasing an additional 1,288 shares during the quarter. Netflix accounts for about 1.4% of CFM Wealth Partners LLC's holdings, making the stock its 19th biggest holding. CFM Wealth Partners LLC's holdings in Netflix were worth $8,797,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Nuveen LLC bought a new stake in shares of Netflix during the 1st quarter worth $2,385,585,000. Kingstone Capital Partners Texas LLC increased its stake in Netflix by 343,058.2% in the second quarter. Kingstone Capital Partners Texas LLC now owns 2,463,876 shares of the Internet television network's stock valued at $3,299,450,000 after acquiring an additional 2,463,158 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Netflix by 57.3% during the first quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network's stock valued at $3,164,134,000 after purchasing an additional 1,236,251 shares in the last quarter. Amundi raised its position in Netflix by 37.7% during the first quarter. Amundi now owns 2,070,221 shares of the Internet television network's stock valued at $1,898,496,000 after purchasing an additional 567,251 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Netflix by 1.4% during the first quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock worth $35,433,585,000 after purchasing an additional 509,255 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Insider Activity

In other news, insider David A. Hyman sold 424 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the completion of the sale, the insider directly owned 31,610 shares in the company, valued at approximately $36,625,558.70. This represents a 1.32% 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, CEO Theodore A. Sarandos sold 2,026 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the transaction, the chief executive officer owned 15,168 shares in the company, valued at approximately $17,604,284.16. This represents a 11.78% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 104,100 shares of company stock valued at $122,710,980. 1.37% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on NFLX. Jefferies Financial Group reiterated a "buy" rating on shares of Netflix in a research report on Thursday, September 11th. Seaport Res Ptn lowered Netflix from a "strong-buy" rating to a "hold" rating in a research note on Sunday, July 6th. Citigroup reissued a "neutral" rating and set a $1,295.00 price target (up from $1,280.00) on shares of Netflix in a research note on Friday. Robert W. Baird boosted their price objective on shares of Netflix from $1,300.00 to $1,500.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Finally, Phillip Securities lowered shares of Netflix from a "hold" rating to a "strong sell" rating in a report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $1,335.00.

Netflix Stock Up 0.9%

Shares of Netflix stock opened at $1,163.31 on Tuesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. Netflix, Inc. has a 52-week low of $677.88 and a 52-week high of $1,341.15. The company's 50 day moving average price is $1,207.13 and its 200-day moving average price is $1,163.23. The stock has a market capitalization of $494.33 billion, a price-to-earnings ratio of 49.57, a P/E/G ratio of 1.94 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating analysts' consensus estimates of $7.07 by $0.12. The company had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm's revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the business posted $4.88 EPS. 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.

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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