IronOak Wealth LLC. Purchases Shares of 1,775 Netflix, Inc. $NFLX

Key Points

• IronOak Wealth LLC acquired **1,775 shares** of Netflix, valued at approximately **$2.377 million**, making it 2.3% of their portfolio and the **9th largest holding**.
• Several institutional investors, including **Vanguard Group** and **Price T Rowe Associates**, have increased their positions in Netflix, contributing to **80.93%** of the stock being held by institutional investors.
• Netflix has received positive ratings from analysts, with a consensus price target of **$1,328.87** and a **recent earnings report** showing a revenue increase of **15.9%** compared to the previous year.

IronOak Wealth LLC. bought a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,775 shares of the Internet television network's stock, valued at approximately $2,377,000. Netflix accounts for about 2.3% of IronOak Wealth LLC.'s portfolio, making the stock its 9th biggest position.

Several other large investors have also modified their holdings of NFLX. Vanguard Group Inc. boosted its holdings in Netflix by 1.4% during 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 period. Price T Rowe Associates Inc. MD lifted its holdings in Netflix by 2.7% during 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 buying an additional 304,399 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Netflix by 109,524.3% during the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock valued at $8,239,576,000 after acquiring an additional 8,827,662 shares in the last quarter. Alliancebernstein L.P. raised its position in Netflix by 1.0% during 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 purchasing an additional 53,611 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Netflix by 8.3% in the 1st quarter. Invesco Ltd. now owns 4,664,818 shares of the Internet television network's stock worth $4,350,083,000 after buying an additional 356,617 shares during the period. Hedge funds and other institutional investors own 80.93% of the company's stock.

Insider Transactions at Netflix

In other Netflix news, CFO Spencer Adam Neumann sold 2,600 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $1,207.76, for a total transaction of $3,140,176.00. Following the completion of the transaction, the chief financial officer owned 3,691 shares of the company's stock, valued at $4,457,842.16. This trade represents a 41.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Cletus R. Willems sold 238 shares of the business's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total transaction of $274,537.76. The disclosure for this sale can be found here. Insiders sold 89,348 shares of company stock worth $109,498,489 in the last 90 days. Insiders own 1.37% of the company's stock.

Netflix Price Performance

NFLX traded up $0.40 during midday trading on Monday, hitting $1,227.37. 2,543,834 shares of the company traded hands, compared to its average volume of 2,749,690. The business has a 50 day simple moving average of $1,211.80 and a two-hundred day simple moving average of $1,144.65. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $521.55 billion, a price-to-earnings ratio of 52.30, a PEG ratio of 2.07 and a beta of 1.60. Netflix, Inc. has a 52-week low of $677.88 and a 52-week high of $1,341.15.

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on NFLX. KeyCorp raised their price target on Netflix from $1,070.00 to $1,390.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. JPMorgan Chase & Co. boosted their price target on shares of Netflix from $1,230.00 to $1,300.00 and gave the company a "neutral" rating in a report on Friday, July 18th. TD Cowen boosted their price target on Netflix from $1,440.00 to $1,450.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. The Goldman Sachs Group lifted their price target on shares of Netflix from $1,000.00 to $1,140.00 and gave the stock a "neutral" rating in a report on Wednesday, July 2nd. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of Netflix in a report on Thursday, September 11th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,328.87.

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.