Netflix, Inc. $NFLX Shares Acquired by CreativeOne Wealth LLC

Key Points

• CreativeOne Wealth LLC increased its stake in Netflix, Inc. by 35.9%, owning 9,757 shares valued at approximately $9.1 million following the acquisition of an additional 2,577 shares.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Netflix, with an average target price of $1,297.66, reflecting optimism despite some analysts issuing lower ratings.
• Netflix CFO Spencer Adam Neumann significantly reduced his position by selling 2,601 shares for over $3 million, while insider selling in total amounted to about $178.7 million in the last 90 days.

CreativeOne Wealth LLC grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 35.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,757 shares of the Internet television network's stock after acquiring an additional 2,577 shares during the quarter. CreativeOne Wealth LLC's holdings in Netflix were worth $9,099,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Brighton Jones LLC increased its position in shares of Netflix by 5.0% in the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock valued at $4,804,000 after acquiring an additional 257 shares during the period. Revolve Wealth Partners LLC increased its holdings in shares of Netflix by 16.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock valued at $912,000 after purchasing an additional 144 shares during the period. BIP Wealth LLC raised its stake in shares of Netflix by 23.8% in the fourth quarter. BIP Wealth LLC now owns 453 shares of the Internet television network's stock worth $403,000 after purchasing an additional 87 shares during the last quarter. Nebula Research & Development LLC acquired a new stake in shares of Netflix during the fourth quarter worth about $508,000. Finally, AQR Capital Management LLC boosted its position in Netflix by 14.2% in the fourth quarter. AQR Capital Management LLC now owns 262,329 shares of the Internet television network's stock valued at $233,820,000 after buying an additional 32,682 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on NFLX shares. TD Cowen raised their price target on shares of Netflix from $1,440.00 to $1,450.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. BMO Capital Markets reiterated an "outperform" rating and issued a $1,425.00 price objective (up previously from $1,200.00) on shares of Netflix in a research note on Tuesday, July 15th. Piper Sandler boosted their target price on shares of Netflix from $1,400.00 to $1,500.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Evercore ISI reaffirmed an "outperform" rating on shares of Netflix in a report on Thursday, May 15th. Finally, Phillip Securities lowered Netflix from a "hold" rating to a "strong sell" rating in a research note on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $1,297.66.

Insider Activity

In other Netflix news, CFO Spencer Adam Neumann sold 2,601 shares of the business's stock in a transaction dated 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 transaction, the chief financial officer directly owned 3,691 shares in the company, valued at $4,290,418.40. The trade was a 41.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Reed Hastings sold 26,933 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $1,211.66, for a total transaction of $32,633,638.78. Following the completion of the sale, the director directly owned 394 shares of the company's stock, valued at approximately $477,394.04. This trade represents a 98.56% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 145,667 shares of company stock worth $178,679,156. 1.37% of the stock is owned by insiders.

Netflix Stock Up 0.7%

Shares of NFLX opened at $1,226.09 on Wednesday. The firm has a market cap of $521.00 billion, a P/E ratio of 52.24, a PEG ratio of 2.05 and a beta of 1.59. Netflix, Inc. has a 12 month low of $660.80 and a 12 month high of $1,341.15. The stock's 50 day moving average is $1,231.37 and its two-hundred day moving average is $1,113.86. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results 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. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same quarter last year, the firm posted $4.88 EPS. The business's revenue 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. Analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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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