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

Key Points

• Simplicity Wealth LLC significantly increased its holdings in Netflix, acquiring an additional 3,632 shares and boosting its position by 98.8% in the second quarter.
• Netflix reported earnings per share (EPS) of $7.19 for the last quarter, exceeding analysts' expectations by $0.12, alongside a revenue of $11.08 billion.
• Netflix's stock has shown volatility, with a 52-week range between $677.88 and $1,341.15, and currently has a consensus rating of "Moderate Buy" among analysts.

Simplicity Wealth LLC increased its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 98.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,307 shares of the Internet television network's stock after acquiring an additional 3,632 shares during the quarter. Simplicity Wealth LLC's holdings in Netflix were worth $9,785,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Brown Miller Wealth Management LLC boosted its holdings in shares of Netflix by 70.1% in the 2nd quarter. Brown Miller Wealth Management LLC now owns 592 shares of the Internet television network's stock valued at $793,000 after purchasing an additional 244 shares during the last quarter. OLD National Bancorp IN increased its stake in Netflix by 269.5% during the 2nd quarter. OLD National Bancorp IN now owns 11,882 shares of the Internet television network's stock worth $15,912,000 after buying an additional 8,666 shares during the period. Carolina Wealth Advisors LLC increased its stake in Netflix by 385.0% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 97 shares of the Internet television network's stock worth $130,000 after buying an additional 77 shares during the period. Sutton Place Investors LLC increased its position in shares of Netflix by 24.4% in the 2nd quarter. Sutton Place Investors LLC now owns 545 shares of the Internet television network's stock worth $730,000 after purchasing an additional 107 shares during the last quarter. Finally, Realta Investment Advisors increased its position in shares of Netflix by 1.2% in the 2nd quarter. Realta Investment Advisors now owns 2,426 shares of the Internet television network's stock worth $3,249,000 after purchasing an additional 28 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Trading Down 0.8%

Shares of NFLX stock opened at $1,153.32 on Friday. Netflix, Inc. has a 52-week low of $677.88 and a 52-week high of $1,341.15. The stock has a market cap of $490.08 billion, a price-to-earnings ratio of 49.14, a P/E/G ratio of 1.94 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 firm has a fifty day moving average of $1,207.36 and a 200-day moving average of $1,160.35.

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, topping analysts' consensus estimates of $7.07 by $0.12. The business had revenue of $11.08 billion during the quarter, compared to analysts' expectations of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm's revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter last year, the company posted $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, equities research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

NFLX has been the subject of several research reports. Sanford C. Bernstein lifted their price target on shares of Netflix from $1,200.00 to $1,390.00 and gave the company an "outperform" rating in a report on Thursday, July 17th. Phillip Securities lowered shares of Netflix from a "hold" rating to a "strong sell" rating in a report on Monday, July 21st. Barclays reaffirmed a "sell" rating and issued a $1,100.00 price target (up from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. Pivotal Research reissued a "buy" rating on shares of Netflix in a research note on Thursday, July 10th. Finally, Needham & Company LLC reissued a "buy" rating and set a $1,500.00 target price on shares of Netflix in a research note on Wednesday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $1,335.00.

Insider Buying and Selling at Netflix

In related news, CFO Spencer Adam Neumann sold 2,600 shares of the stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $1,172.51, for a total transaction of $3,048,526.00. Following the completion of the sale, the chief financial officer owned 3,691 shares in the company, valued at $4,327,734.41. This trade represents a 41.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Theodore A. Sarandos sold 2,026 shares of the firm's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the completion of the sale, the chief executive officer owned 15,168 shares of the company's stock, valued at $17,604,284.16. The trade was a 11.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,100 shares of company stock worth $122,710,980 over the last ninety days. Company insiders own 1.37% of the company's stock.

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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