Moran Wealth Management LLC Purchases 273 Shares of Netflix, Inc. $NFLX

Key Points

• Moran Wealth Management LLC increased its position in Netflix, acquiring 273 additional shares, bringing its total holdings to 3,013 shares valued at approximately $4,035,000.
• Netflix's stock is currently held 80.93% by institutional investors and hedge funds, reflecting strong institutional interest in the company.
• Analysts have varied outlooks on Netflix, with price targets ranging from $1,070.00 to $1,450.00 and a consensus rating of "Moderate Buy".

Moran Wealth Management LLC grew its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 10.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,013 shares of the Internet television network's stock after buying an additional 273 shares during the period. Moran Wealth Management LLC's holdings in Netflix were worth $4,035,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC boosted its stake in Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after purchasing an additional 13 shares in the last quarter. Stephens Consulting LLC boosted its stake in Netflix by 150.0% in the 2nd quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network's stock worth $33,000 after purchasing an additional 15 shares in the last quarter. Flaharty Asset Management LLC acquired a new stake in Netflix in the 1st quarter worth approximately $37,000. Maseco LLP acquired a new stake in Netflix in the 2nd quarter worth approximately $39,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new stake in Netflix in the 1st quarter worth approximately $42,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Price Performance

NASDAQ:NFLX opened at $1,215.35 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. The firm has a market cap of $516.44 billion, a price-to-earnings ratio of 51.78, a price-to-earnings-growth ratio of 2.05 and a beta of 1.59. The company has a 50 day moving average price of $1,213.15 and a 200-day moving average price of $1,172.10. Netflix, Inc. has a 1-year low of $677.88 and a 1-year high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating the consensus estimate of $7.07 by $0.12. The firm had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business's quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the firm earned $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Equities research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on NFLX shares. TD Cowen decreased their price objective on shares of Netflix from $1,450.00 to $1,425.00 and set a "buy" rating for the company in a research note on Tuesday, October 7th. JPMorgan Chase & Co. lifted their price objective on shares of Netflix from $1,230.00 to $1,300.00 and gave the company a "neutral" rating in a research note on Friday, July 18th. BMO Capital Markets restated an "outperform" rating and set a $1,425.00 price objective (up from $1,200.00) on shares of Netflix in a research note on Tuesday, July 15th. KeyCorp lifted their price objective on shares of Netflix from $1,070.00 to $1,390.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Finally, Barclays restated a "sell" rating and set a $1,100.00 price objective (up from $1,000.00) on shares of Netflix in a research note on Wednesday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, Netflix presently has a consensus rating of "Moderate Buy" and an average target price of $1,337.63.

Insider Buying and Selling

In other Netflix news, insider Cletus R. Willems sold 238 shares of the company's stock in a transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Spencer Adam Neumann sold 2,600 shares of the company's stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $1,172.51, for a total transaction of $3,048,526.00. Following the transaction, the chief financial officer owned 3,691 shares of the company's stock, valued at $4,327,734.41. This represents a 41.33% 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 worth $122,710,980 in the last 90 days. 1.37% of the stock is owned by insiders.

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.

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