Netflix, Inc. $NFLX Shares Bought by Fairvoy Private Wealth LLC

Key Points

• Fairvoy Private Wealth LLC increased its stake in Netflix by 235.6% during the second quarter, owning 1,527 shares worth approximately $2,045,000.
• Institutional investors and hedge funds hold 80.93% of Netflix's stock, reflecting strong interest from large financial entities.
• Netflix's stock recently traded at $1,153.32, with analyst ratings showing a consensus of "Moderate Buy" and a 12-month price target of $1,335.00.

Fairvoy Private Wealth LLC grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 235.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,527 shares of the Internet television network's stock after purchasing an additional 1,072 shares during the quarter. Fairvoy Private Wealth LLC's holdings in Netflix were worth $2,045,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of NFLX. Brighton Jones LLC lifted its stake in shares of Netflix by 5.0% during the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock worth $4,804,000 after purchasing an additional 257 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of Netflix by 16.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock worth $912,000 after purchasing an additional 144 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its position in shares of Netflix by 16.4% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 1,756 shares of the Internet television network's stock worth $1,638,000 after acquiring an additional 248 shares during the last quarter. Matrix Trust Co increased its position in shares of Netflix by 30.2% during the first quarter. Matrix Trust Co now owns 237 shares of the Internet television network's stock worth $221,000 after acquiring an additional 55 shares during the last quarter. Finally, Breakwater Capital Group increased its position in shares of Netflix by 7.7% during the first quarter. Breakwater Capital Group now owns 589 shares of the Internet television network's stock worth $549,000 after acquiring an additional 42 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Buying and Selling at Netflix

In other news, CFO Spencer Adam Neumann sold 2,600 shares of the stock in a transaction that occurred 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 sale, the chief financial officer directly owned 3,691 shares in the company, valued at approximately $4,327,734.41. This represents a 41.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Cletus R. Willems sold 238 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $1,153.52, for a total value of $274,537.76. The disclosure for this sale can be found here. In the last three months, insiders sold 104,100 shares of company stock worth $122,710,980. Corporate insiders own 1.37% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NFLX. The Goldman Sachs Group dropped their target price on Netflix from $1,310.00 to $1,300.00 and set a "neutral" rating on the stock in a research report on Tuesday. Zacks Research lowered Netflix from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 1st. 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. KeyCorp lifted their target price on Netflix from $1,070.00 to $1,390.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Finally, Jefferies Financial Group reaffirmed a "buy" rating on shares of Netflix in a research report on Thursday, September 11th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $1,335.00.

Netflix Stock Down 0.8%

Shares of Netflix stock opened at $1,153.32 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The business's 50 day simple moving average is $1,207.36 and its 200-day simple moving average is $1,158.96. The stock has a market capitalization of $490.08 billion, a price-to-earnings ratio of 49.14, a PEG ratio of 1.96 and a beta of 1.59. Netflix, Inc. has a twelve month low of $677.88 and a twelve month high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping analysts' consensus estimates of $7.07 by $0.12. The business had revenue of $11.08 billion for the quarter, compared to analysts' expectations of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The business's quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the prior 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 earnings per share for the current 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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