Aprio Wealth Management LLC Grows Position in Netflix, Inc. $NFLX

Key Points

• Aprio Wealth Management LLC increased its holdings in Netflix, Inc. by 23.1%, owning 2,692 shares valued at approximately $2.51 million as of the end of the most recent quarter.
• GAMMA Investing LLC made a significant leap, boosting its stake in Netflix by over 109,524%, acquiring 8.83 million shares worth approximately $8.24 billion.
• Netflix shares recently opened at $1,214.11, with a market cap of $515.91 billion, and reported $7.19 earnings per share in their latest quarterly earnings, surpassing analysts' expectations.

Aprio Wealth Management LLC boosted its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 23.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,692 shares of the Internet television network's stock after acquiring an additional 506 shares during the period. Aprio Wealth Management LLC's holdings in Netflix were worth $2,510,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in NFLX. Halbert Hargrove Global Advisors LLC lifted its stake in Netflix by 100.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after buying an additional 13 shares during the period. Brown Shipley& Co Ltd acquired a new position in Netflix in the fourth quarter valued at approximately $27,000. Copia Wealth Management acquired a new position in Netflix in the fourth quarter valued at approximately $37,000. Stuart Chaussee & Associates Inc. lifted its stake in Netflix by 4,500.0% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock valued at $41,000 after buying an additional 45 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC acquired a new position in Netflix in the first quarter valued at approximately $42,000. 80.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NFLX has been the topic of several recent analyst reports. Sanford C. Bernstein boosted their price target on Netflix from $1,200.00 to $1,390.00 and gave the company an "outperform" rating in a research note on Thursday, July 17th. BMO Capital Markets reaffirmed an "outperform" rating and set a $1,425.00 target price (up from $1,200.00) on shares of Netflix in a research report on Tuesday, July 15th. Needham & Company LLC reaffirmed a "buy" rating and set a $1,500.00 target price on shares of Netflix in a research report on Friday, July 18th. Pivotal Research reaffirmed a "buy" rating on shares of Netflix in a research report on Thursday, July 10th. Finally, Barclays reaffirmed a "sell" rating and set a $1,100.00 target price (up from $1,000.00) on shares of Netflix in a research report on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Netflix has an average rating of "Moderate Buy" and a consensus price target of $1,317.58.

Netflix Stock Performance

NASDAQ:NFLX traded down $13.66 during trading on Friday, reaching $1,243.82. The company's stock had a trading volume of 2,378,410 shares, compared to its average volume of 2,541,951. The firm has a market cap of $528.53 billion, a price-to-earnings ratio of 53.00, a price-to-earnings-growth ratio of 2.12 and a beta of 1.60. 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 firm has a 50 day moving average of $1,225.36 and a 200-day moving average of $1,123.79. Netflix, Inc. has a 12 month low of $660.80 and a 12 month high of $1,341.15.

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

Insider Transactions at Netflix

In other news, Director Reed Hastings sold 25,959 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $1,207.71, for a total transaction of $31,350,943.89. Following the completion of the transaction, the director owned 394 shares in the company, valued at approximately $475,837.74. This represents a 98.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $1,162.40, for a total value of $3,023,402.40. Following the sale, the chief financial officer directly owned 3,691 shares in the company, valued at $4,290,418.40. This trade represents a 41.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 89,348 shares of company stock worth $109,498,489 over the last 90 days. 1.37% of the stock is owned by insiders.

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.