Precision Wealth Strategies LLC Has $7.19 Million Stock Holdings in Netflix, Inc. $NFLX

Key Points

• Precision Wealth Strategies LLC increased its stake in Netflix by 25.4% in Q2, holding 5,368 shares valued at $7.19 million, representing 2.3% of its investment portfolio.
• Netflix has received multiple analyst ratings, with a consensus of "Moderate Buy" and a price target of $1,334.03, amidst price objective adjustments from various brokerages.
• Insider transactions revealed substantial sales, including Director Reed Hastings selling over 25,000 shares, reflecting a 98.5% decrease in his ownership of Netflix stock.

Precision Wealth Strategies LLC raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 25.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,368 shares of the Internet television network's stock after purchasing an additional 1,089 shares during the period. Netflix accounts for approximately 2.3% of Precision Wealth Strategies LLC's investment portfolio, making the stock its 8th biggest position. Precision Wealth Strategies LLC's holdings in Netflix were worth $7,188,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of NFLX. Halbert Hargrove Global Advisors LLC lifted its stake in shares of Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after purchasing an additional 13 shares during the period. Maseco LLP acquired a new position in shares of Netflix in the 2nd quarter valued at about $39,000. Ransom Advisory Ltd acquired a new position in shares of Netflix in the 2nd quarter valued at about $47,000. Flaharty Asset Management LLC acquired a new position in shares of Netflix in the 1st quarter valued at about $37,000. Finally, Signature Resources Capital Management LLC lifted its stake in shares of Netflix by 740.0% in the 2nd quarter. Signature Resources Capital Management LLC now owns 42 shares of the Internet television network's stock valued at $56,000 after purchasing an additional 37 shares during the period. 80.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NFLX. Robert W. Baird boosted their price objective on Netflix from $1,300.00 to $1,500.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Pivotal Research reaffirmed a "buy" rating on shares of Netflix in a research report on Thursday, July 10th. Barclays reaffirmed a "sell" rating and issued a $1,100.00 target price (up from $1,000.00) on shares of Netflix in a research report on Wednesday, July 9th. UBS Group reaffirmed a "market underperform" rating on shares of Netflix in a research report on Saturday, July 19th. Finally, Morgan Stanley reaffirmed an "equal weight" rating on shares of Netflix in a research report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, Netflix presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,334.03.

Netflix Trading Down 2.3%

Netflix stock opened at $1,170.90 on Thursday. The stock has a market cap of $497.55 billion, a P/E ratio of 49.89, a PEG ratio of 2.02 and a beta of 1.59. Netflix, Inc. has a fifty-two week low of $677.88 and a fifty-two week high of $1,341.15. The firm's fifty day moving average price is $1,208.27 and its 200-day moving average price is $1,155.95. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping the consensus estimate of $7.07 by $0.12. The firm had revenue of $11.08 billion for 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 business's quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.88 earnings per share. 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 fiscal year.

Insiders Place Their Bets

In related news, Director Reed Hastings sold 25,959 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $1,207.71, for a total value of $31,350,943.89. Following the transaction, the director owned 394 shares of the company's stock, valued at $475,837.74. This represents a 98.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction on 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 completion of the transaction, the chief financial officer directly owned 3,691 shares in the company, valued at approximately $4,290,418.40. This represents a 41.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 59,324 shares of company stock valued at $70,235,556 over the last quarter. Insiders own 1.37% of the company's stock.

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.

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