Kingsman Wealth Management Inc. increased its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 618.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,609 shares of the Internet television network's stock after buying an additional 2,246 shares during the period. Netflix comprises about 2.2% of Kingsman Wealth Management Inc.'s portfolio, making the stock its 14th biggest position. Kingsman Wealth Management Inc.'s holdings in Netflix were worth $3,494,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Optima Capital LLC lifted its position in shares of Netflix by 3.5% during the 2nd quarter. Optima Capital LLC now owns 239 shares of the Internet television network's stock worth $320,000 after purchasing an additional 8 shares during the last quarter. Unified Investment Management lifted its holdings in Netflix by 1.7% during the 2nd quarter. Unified Investment Management now owns 474 shares of the Internet television network's stock worth $635,000 after buying an additional 8 shares during the last quarter. Plancorp LLC boosted its position in shares of Netflix by 0.6% during the 2nd quarter. Plancorp LLC now owns 1,278 shares of the Internet television network's stock worth $1,711,000 after acquiring an additional 8 shares in the last quarter. Fullcircle Wealth LLC increased its holdings in shares of Netflix by 2.5% in the 1st quarter. Fullcircle Wealth LLC now owns 369 shares of the Internet television network's stock valued at $344,000 after acquiring an additional 9 shares during the last quarter. Finally, Capital Analysts LLC raised its position in shares of Netflix by 0.3% during the 1st quarter. Capital Analysts LLC now owns 2,620 shares of the Internet television network's stock worth $2,443,000 after acquiring an additional 9 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.
Netflix Price Performance
Shares of NASDAQ:NFLX opened at $1,208.24 on Friday. Netflix, Inc. has a one year low of $677.88 and a one year high of $1,341.15. The stock has a market capitalization of $513.42 billion, a price-to-earnings ratio of 51.48, a PEG ratio of 2.03 and a beta of 1.60. The company has a 50-day simple moving average of $1,208.72 and a 200-day simple moving average of $1,147.93. 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 (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.07 by $0.12. The firm had revenue of $11.08 billion for the quarter, compared to analysts' expectations of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm's revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.
Analyst Ratings Changes
A number of brokerages recently issued reports on NFLX. Citigroup reaffirmed a "neutral" rating and issued a $1,250.00 price target (up from $1,020.00) on shares of Netflix in a report on Thursday, May 29th. Jefferies Financial Group restated a "buy" rating on shares of Netflix in a report on Thursday, September 11th. Rosenblatt Securities lifted their price target on shares of Netflix from $1,514.00 to $1,515.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Wedbush reissued an "outperform" rating and issued a $1,500.00 price target (up from $1,400.00) on shares of Netflix in a research report on Monday, July 14th. Finally, Robert W. Baird raised their price objective on Netflix from $1,300.00 to $1,500.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $1,328.87.
View Our Latest Report on NFLX
Insider Buying and Selling at Netflix
In related news, CFO Spencer Adam Neumann sold 2,600 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $1,207.76, for a total transaction of $3,140,176.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Gregory K. Peters sold 2,026 shares of the business's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the completion of the transaction, the chief executive officer directly owned 12,781 shares in the company, valued at $14,793,240.64. This represents a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 88,728 shares of company stock valued at $108,700,648. Corporate insiders own 1.37% of the company's stock.
About Netflix
(
Free Report)
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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