Cura Wealth Advisors LLC Takes $210,000 Position in Netflix, Inc. $NFLX

Key Points

• Cura Wealth Advisors LLC has taken a new position in Netflix, Inc. with the purchase of 225 shares valued at approximately $210,000.
• Directors Reed Hastings and Jay C. Hoag significantly reduced their ownership by selling a combined total of 58,683 shares, with Hastings' sale totaling over $32.6 million.
• Netflix's stock is currently experiencing a downward trend, with a recent decrease of 1.9% as it opened at $1,208.25.

Cura Wealth Advisors LLC purchased a new stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 225 shares of the Internet television network's stock, valued at approximately $210,000.

Several other large investors have also made changes to their positions in the company. Fullcircle Wealth LLC increased its holdings in Netflix by 2.5% in the first quarter. Fullcircle Wealth LLC now owns 369 shares of the Internet television network's stock valued at $344,000 after purchasing an additional 9 shares during the last quarter. Capital Analysts LLC increased its holdings in Netflix by 0.3% in the first quarter. Capital Analysts LLC now owns 2,620 shares of the Internet television network's stock valued at $2,443,000 after purchasing an additional 9 shares during the last quarter. Enterprise Financial Services Corp increased its holdings in Netflix by 1.8% in the first quarter. Enterprise Financial Services Corp now owns 505 shares of the Internet television network's stock valued at $471,000 after purchasing an additional 9 shares during the last quarter. Continuum Wealth Advisors LLC increased its holdings in Netflix by 4.4% in the first quarter. Continuum Wealth Advisors LLC now owns 235 shares of the Internet television network's stock valued at $219,000 after purchasing an additional 10 shares during the last quarter. Finally, Financial Enhancement Group LLC increased its holdings in Netflix by 2.5% in the first quarter. Financial Enhancement Group LLC now owns 412 shares of the Internet television network's stock valued at $384,000 after purchasing an additional 10 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Buying and Selling at Netflix

In related news, Director Reed Hastings sold 26,933 shares of the stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $1,211.66, for a total transaction of $32,633,638.78. Following the completion of the transaction, the director directly owned 394 shares in the company, valued at approximately $477,394.04. This trade represents a 98.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jay C. Hoag sold 31,750 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $1,252.35, for a total value of $39,762,112.50. Following the transaction, the director owned 63,040 shares of the company's stock, valued at approximately $78,948,144. The trade was a 33.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 123,163 shares of company stock valued at $151,917,174 in the last 90 days. 1.37% of the stock is currently owned by corporate insiders.

Netflix Stock Down 1.9%

NASDAQ:NFLX opened at $1,208.25 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. The company has a market cap of $513.42 billion, a PE ratio of 51.48, a PEG ratio of 2.03 and a beta of 1.59. Netflix, Inc. has a 52-week low of $660.80 and a 52-week high of $1,341.15. The stock has a 50-day simple moving average of $1,231.11 and a 200 day simple moving average of $1,118.03.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.07 by $0.12. The business had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.Netflix's quarterly revenue was up 15.9% on a year-over-year basis. During the same period last year, the company earned $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, sell-side analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on NFLX. Oppenheimer upped their price objective on Netflix from $1,200.00 to $1,425.00 and gave the company an "outperform" rating in a report on Thursday, June 12th. Sanford C. Bernstein upped their price objective on Netflix from $1,200.00 to $1,390.00 and gave the company an "outperform" rating in a report on Thursday, July 17th. Wolfe Research set a $1,340.00 price target on Netflix and gave the stock an "outperform" rating in a report on Friday, May 16th. The Goldman Sachs Group increased their price target on Netflix from $1,000.00 to $1,140.00 and gave the stock a "neutral" rating in a report on Wednesday, July 2nd. Finally, Pivotal Research restated a "buy" rating on shares of Netflix in a report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $1,297.66.

Netflix Company Profile

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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