Leo Wealth LLC Has $3.80 Million Stake in Netflix, Inc. $NFLX

Leo Wealth LLC grew its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 139.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,842 shares of the Internet television network's stock after purchasing an additional 1,655 shares during the quarter. Leo Wealth LLC's holdings in Netflix were worth $3,799,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nuveen LLC bought a new stake in shares of Netflix in the first quarter valued at approximately $2,385,585,000. Kingstone Capital Partners Texas LLC boosted its stake in shares of Netflix by 343,058.2% in the second quarter. Kingstone Capital Partners Texas LLC now owns 2,463,876 shares of the Internet television network's stock valued at $3,299,450,000 after buying an additional 2,463,158 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Netflix by 57.3% in the first quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network's stock valued at $3,164,134,000 after buying an additional 1,236,251 shares during the period. Amundi boosted its stake in shares of Netflix by 37.7% in the first quarter. Amundi now owns 2,070,221 shares of the Internet television network's stock valued at $1,898,496,000 after buying an additional 567,251 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Netflix by 1.4% in the first quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock valued at $35,433,585,000 after buying an additional 509,255 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on NFLX shares. Cowen reiterated a "buy" rating on shares of Netflix in a research note on Tuesday. Zacks Research cut Netflix from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 1st. Canaccord Genuity Group reiterated a "buy" rating on shares of Netflix in a research note on Thursday, July 10th. UBS Group set a $1,425.00 price target on Netflix in a research note on Tuesday. Finally, Wall Street Zen cut Netflix from a "buy" rating to a "hold" rating in a research note on Saturday, October 4th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $1,337.63.

Insider Buying and Selling

In other news, Director Reed Hastings sold 42,176 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the completion of the transaction, the director directly owned 394 shares in the company, valued at approximately $461,736.48. This represents a 99.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction on Friday, August 1st. The shares were sold at an average price of $1,162.40, for a total value of $3,023,402.40. Following the completion of the transaction, the chief financial officer owned 3,691 shares of the company's stock, valued at $4,290,418.40. The trade was a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,100 shares of company stock worth $122,710,980 in the last ninety days. Insiders own 1.37% of the company's stock.

Netflix Stock Up 1.9%

Shares of NFLX opened at $1,214.25 on Thursday. Netflix, Inc. has a 52 week low of $677.88 and a 52 week high of $1,341.15. The stock has a market capitalization of $515.97 billion, a price-to-earnings ratio of 51.74, a PEG ratio of 2.00 and a beta of 1.59. 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 stock has a fifty day moving average of $1,208.18 and a 200-day moving average of $1,163.77.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly 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 analysts' expectations of $11.04 billion. During the same period in the prior year, the company earned $4.88 EPS. Netflix's 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, sell-side analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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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