Geneos Wealth Management Inc. Increases Stock Position in Netflix, Inc. $NFLX

Key Points

• Geneos Wealth Management Inc. increased its stake in Netflix, Inc. by 18.1%, bringing its total holdings to 4,512 shares valued at approximately $4.21 million.
• Analysts’ ratings for Netflix are generally positive, with a consensus rating of "Moderate Buy" and an average price target of $1,317.58.
• Netflix reported better-than-expected earnings of $7.19 EPS for the last quarter, beating estimates while also showing significant year-over-year revenue growth of 15.9%.

Geneos Wealth Management Inc. lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 18.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,512 shares of the Internet television network's stock after acquiring an additional 691 shares during the period. Geneos Wealth Management Inc.'s holdings in Netflix were worth $4,208,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Fullcircle Wealth LLC grew its position in shares of Netflix by 2.5% during the first quarter. Fullcircle Wealth LLC now owns 369 shares of the Internet television network's stock worth $344,000 after acquiring an additional 9 shares during the last quarter. Capital Analysts LLC lifted its holdings in shares of Netflix by 0.3% during the first quarter. Capital Analysts LLC now owns 2,620 shares of the Internet television network's stock worth $2,443,000 after purchasing an additional 9 shares during the period. Enterprise Financial Services Corp lifted its holdings in shares of Netflix by 1.8% during the first quarter. Enterprise Financial Services Corp now owns 505 shares of the Internet television network's stock worth $471,000 after purchasing an additional 9 shares during the period. Continuum Wealth Advisors LLC lifted its holdings in shares of Netflix by 4.4% during the first quarter. Continuum Wealth Advisors LLC now owns 235 shares of the Internet television network's stock worth $219,000 after purchasing an additional 10 shares during the period. Finally, Financial Enhancement Group LLC lifted its holdings in shares of Netflix by 2.5% during the first quarter. Financial Enhancement Group LLC now owns 412 shares of the Internet television network's stock worth $384,000 after purchasing an additional 10 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on NFLX shares. Piper Sandler increased their price target on Netflix from $1,400.00 to $1,500.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. Canaccord Genuity Group restated a "buy" rating on shares of Netflix in a research report on Thursday, July 10th. UBS Group reiterated a "market underperform" rating on shares of Netflix in a research report on Saturday, July 19th. Zacks Research downgraded Netflix from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 1st. Finally, Wedbush reissued an "outperform" rating and issued a $1,500.00 price target (up from $1,400.00) on shares of Netflix in a report on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Netflix currently has a consensus rating of "Moderate Buy" and an average price target of $1,317.58.

Netflix Price Performance

Netflix stock opened at $1,247.71 on Thursday. Netflix, Inc. has a one year low of $660.80 and a one year high of $1,341.15. 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 business has a fifty day moving average of $1,222.12 and a two-hundred day moving average of $1,128.51. The company has a market cap of $530.19 billion, a P/E ratio of 53.16, a price-to-earnings-growth ratio of 2.13 and a beta of 1.60.

Netflix (NASDAQ:NFLX - Get Free Report) last released its 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. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The company had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter last year, the company earned $4.88 earnings per share. Netflix's quarterly revenue was up 15.9% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider David A. Hyman sold 424 shares of Netflix stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the completion of the transaction, the insider owned 31,610 shares of the company's stock, valued at $36,625,558.70. The trade was a 1.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,600 shares of Netflix stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $1,207.76, for a total value of $3,140,176.00. Following the transaction, the chief financial officer directly owned 3,691 shares of the company's stock, valued at $4,457,842.16. This trade represents a 41.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 89,348 shares of company stock valued at $109,498,489 in the last quarter. Corporate insiders own 1.37% of the company's stock.

Netflix 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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