Paragon Private Wealth Management LLC Increases Stake in Netflix, Inc. $NFLX

Key Points

• Paragon Private Wealth Management LLC has increased its stake in Netflix, Inc. by 39.9% in the first quarter, now holding 1,564 shares worth approximately $1,458,000.
• Numerous institutional investors, including Brighton Jones LLC and Algert Global LLC, have also raised their positions in Netflix, contributing to a total institutional ownership of 80.93% of the company.
• Analysts maintain a consensus rating of "Moderate Buy" for Netflix, with a price target of $1,297.66, while the company recently reported earnings per share of $7.19 for the last quarter, beating estimates.

Paragon Private Wealth Management LLC increased its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 39.9% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,564 shares of the Internet television network's stock after purchasing an additional 446 shares during the period. Paragon Private Wealth Management LLC's holdings in Netflix were worth $1,458,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Netflix by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock valued at $35,433,585,000 after purchasing an additional 509,255 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Netflix by 2.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,732,066 shares of the Internet television network's stock valued at $10,940,505,000 after purchasing an additional 304,399 shares in the last quarter. GAMMA Investing LLC lifted its position in Netflix by 109,524.3% in the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock valued at $8,239,576,000 after purchasing an additional 8,827,662 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Netflix by 8.3% during the first quarter. Invesco Ltd. now owns 4,664,818 shares of the Internet television network's stock valued at $4,350,083,000 after purchasing an additional 356,617 shares during the period. Finally, Wellington Management Group LLP boosted its stake in shares of Netflix by 3.5% during the first quarter. Wellington Management Group LLP now owns 4,385,666 shares of the Internet television network's stock valued at $4,089,765,000 after purchasing an additional 148,675 shares during the period. Hedge funds and other institutional investors own 80.93% of the company's stock.

Insider Buying and Selling at Netflix

In related news, CFO Spencer Adam Neumann sold 2,600 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $1,207.76, for a total value of $3,140,176.00. Following the sale, the chief financial officer owned 3,691 shares in the company, valued at $4,457,842.16. This represents a 41.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider David A. Hyman sold 424 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total value of $491,276.08. Following the transaction, the insider directly owned 31,610 shares of the company's stock, valued at approximately $36,625,558.70. This trade represents a 1.32% 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 valued at $109,498,489 over the last three months. 1.37% of the stock is currently owned by corporate insiders.

Netflix Trading Up 2.6%

NASDAQ NFLX traded up $31.30 during trading on Thursday, hitting $1,257.48. The company had a trading volume of 3,016,295 shares, compared to its average volume of 4,054,016. 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, Inc. has a one year low of $660.80 and a one year high of $1,341.15. The company has a market cap of $534.34 billion, a price-to-earnings ratio of 53.58, a price-to-earnings-growth ratio of 2.03 and a beta of 1.60. The company's fifty day moving average is $1,227.93 and its 200-day moving average is $1,120.98.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping the consensus estimate of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. During the same period in the prior year, the business earned $4.88 EPS. The company's revenue for the quarter 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. On average, sell-side analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on NFLX. UBS Group reiterated a "market underperform" rating on shares of Netflix in a report on Saturday, July 19th. Rosenblatt Securities boosted their price objective on shares of Netflix from $1,514.00 to $1,515.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Seaport Res Ptn lowered shares of Netflix from a "strong-buy" rating to a "hold" rating in a report on Sunday, July 6th. Evercore ISI restated an "outperform" rating on shares of Netflix in a report on Thursday, May 15th. Finally, Phillip Securities cut Netflix from a "hold" rating to a "strong sell" rating in a report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $1,297.66.

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.