Curio Wealth LLC Buys 888 Shares of Netflix, Inc. $NFLX

Key Points

• Curio Wealth LLC significantly increased its stake in Netflix, acquiring 888 shares, bringing its total to 890, which now constitutes 0.5% of its holdings valued at approximately $1.19 million.
• Netflix reported Q3 earnings of $5.87 per share, missing estimates by $1.01, but showing a 17.2% year-over-year revenue growth to $11.51 billion.
• Institutional investors now hold 80.93% of Netflix's stock, with several large firms, including Vanguard and Price T Rowe Associates, increasing their positions during the past quarter.

Curio Wealth LLC increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 44,400.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 890 shares of the Internet television network's stock after purchasing an additional 888 shares during the quarter. Netflix accounts for 0.5% of Curio Wealth LLC's holdings, making the stock its 26th biggest holding. Curio Wealth LLC's holdings in Netflix were worth $1,192,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of NFLX. Vanguard Group Inc. grew its position in Netflix by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock valued at $35,433,585,000 after acquiring an additional 509,255 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Netflix by 2.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,732,066 shares of the Internet television network's stock valued at $10,940,505,000 after acquiring an additional 304,399 shares during the last quarter. Alliancebernstein L.P. grew its position in Netflix by 1.0% in the 1st quarter. Alliancebernstein L.P. now owns 5,194,939 shares of the Internet television network's stock valued at $4,844,436,000 after acquiring an additional 53,611 shares during the last quarter. Invesco Ltd. grew its position in Netflix by 8.3% in the 1st quarter. Invesco Ltd. now owns 4,664,818 shares of the Internet television network's stock valued at $4,350,083,000 after acquiring an additional 356,617 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in Netflix by 3.5% in the 1st quarter. Wellington Management Group LLP now owns 4,385,666 shares of the Internet television network's stock valued at $4,089,765,000 after acquiring an additional 148,675 shares during the last quarter. Institutional investors own 80.93% of the company's stock.

Netflix Price Performance

Shares of NFLX stock opened at $1,094.69 on Friday. Netflix, Inc. has a 1-year low of $747.77 and a 1-year high of $1,341.15. The stock's 50-day moving average is $1,207.21 and its 200 day moving average is $1,185.28. The company has a market cap of $463.85 billion, a P/E ratio of 45.73, a PEG ratio of 1.92 and a beta of 1.59. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.34.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share for the quarter, missing analysts' consensus estimates of $6.88 by ($1.01). Netflix had a net margin of 24.05% and a return on equity of 41.86%. The company had revenue of $11.51 billion for the quarter, compared to the consensus estimate of $11.52 billion. During the same period in the previous year, the business earned $5.40 EPS. Netflix's revenue for the quarter was up 17.2% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. Research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Activity at Netflix

In other Netflix news, insider Cletus R. Willems sold 238 shares of the stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $1,153.52, for a total value of $274,537.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Reed Hastings sold 42,176 shares of the stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the completion of the sale, the director owned 394 shares of the company's stock, valued at approximately $461,736.48. This trade represents a 99.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 104,100 shares of company stock valued at $122,710,980 over the last 90 days. Company insiders own 1.37% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on NFLX. Benchmark reaffirmed a "hold" rating on shares of Netflix in a research report on Wednesday. Argus set a $1,410.00 price objective on Netflix in a report on Thursday. Loop Capital upgraded Netflix from a "hold" rating to a "buy" rating and lifted their price objective for the company from $1,150.00 to $1,350.00 in a report on Wednesday, September 17th. Robert W. Baird lifted their price objective on Netflix from $1,300.00 to $1,500.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Finally, Citigroup restated a "neutral" rating and issued a $1,295.00 price objective (up from $1,280.00) on shares of Netflix in a report on Friday, October 3rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Netflix has an average rating of "Moderate Buy" and a consensus target price of $1,352.78.

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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