SeaCrest Wealth Management LLC Boosts Holdings in Netflix, Inc. $NFLX

Key Points

• SeaCrest Wealth Management LLC increased its stake in Netflix, Inc. by 21.7%, holding a total of 4,934 shares valued at approximately $6.61 million as of the latest SEC filing.
• Insiders, including CFO Spencer Adam Neumann and CEO Gregory K. Peters, sold a significant amount of stock, with Neumann's transaction representing a 41.34% decrease in his shares held.
• Analysts have varying ratings for NFLX, with a consensus target price of $1,328.87 and a rating of "Moderate Buy," reflecting optimism amidst diverse market sentiments.

SeaCrest Wealth Management LLC grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 21.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,934 shares of the Internet television network's stock after buying an additional 879 shares during the quarter. Netflix accounts for 0.7% of SeaCrest Wealth Management LLC's investment portfolio, making the stock its 21st biggest position. SeaCrest Wealth Management LLC's holdings in Netflix were worth $6,607,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Fullcircle Wealth LLC raised its stake in Netflix by 2.5% during the first quarter. Fullcircle Wealth LLC now owns 369 shares of the Internet television network's stock valued at $344,000 after purchasing an additional 9 shares in the last quarter. Capital Analysts LLC grew its holdings in Netflix by 0.3% during the 1st quarter. Capital Analysts LLC now owns 2,620 shares of the Internet television network's stock worth $2,443,000 after acquiring an additional 9 shares in the last quarter. Enterprise Financial Services Corp grew its holdings in Netflix by 1.8% during the 1st quarter. Enterprise Financial Services Corp now owns 505 shares of the Internet television network's stock worth $471,000 after acquiring an additional 9 shares in the last quarter. Sunpointe LLC boosted its holdings in shares of Netflix by 1.4% in the 2nd quarter. Sunpointe LLC now owns 644 shares of the Internet television network's stock valued at $862,000 after buying an additional 9 shares in the last quarter. Finally, Continuum Wealth Advisors LLC boosted its holdings in shares of Netflix by 4.4% in the 1st quarter. Continuum Wealth Advisors LLC now owns 235 shares of the Internet television network's stock valued at $219,000 after buying an additional 10 shares in the last quarter. Institutional investors own 80.93% of the company's stock.

Insider Transactions at Netflix

In other Netflix news, Director Reed Hastings sold 25,959 shares of Netflix stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $1,207.71, for a total value of $31,350,943.89. Following the completion of the sale, the director owned 394 shares of the company's stock, valued at approximately $475,837.74. The trade was a 98.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of the company's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $1,162.40, for a total transaction of $3,023,402.40. Following the sale, the chief financial officer owned 3,691 shares in the company, valued at $4,290,418.40. This represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 89,348 shares of company stock worth $109,498,489 in the last three months. Insiders own 1.37% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Piper Sandler lifted their target price on shares of Netflix from $1,400.00 to $1,500.00 and gave the company an "overweight" rating in a report on Friday, July 18th. UBS Group reissued a "market underperform" rating on shares of Netflix in a report on Saturday, July 19th. Seaport Res Ptn lowered shares of Netflix from a "strong-buy" rating to a "hold" rating in a research report on Sunday, July 6th. Barclays reaffirmed a "sell" rating and set a $1,100.00 price target (up previously from $1,000.00) on shares of Netflix in a research note on Wednesday, July 9th. Finally, JPMorgan Chase & Co. boosted their target price 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. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $1,328.87.

Netflix Price Performance

NFLX stock traded down $10.61 during trading on Tuesday, hitting $1,216.76. The company had a trading volume of 1,011,417 shares, compared to its average volume of 3,978,755. The company has a market cap of $517.04 billion, a P/E ratio of 51.85, a P/E/G ratio of 2.07 and a beta of 1.60. Netflix, Inc. has a fifty-two week low of $677.88 and a fifty-two week high of $1,341.15. 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 company has a fifty day moving average price of $1,211.80 and a two-hundred day moving average price of $1,144.65.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The business had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same quarter in the prior year, the company posted $4.88 earnings per share. Netflix'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. Equities research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

About Netflix

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.