Sendero Wealth Management LLC Grows Stock Position in Netflix, Inc. $NFLX

Sendero Wealth Management LLC boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 149.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,101 shares of the Internet television network's stock after acquiring an additional 1,260 shares during the quarter. Sendero Wealth Management LLC's holdings in Netflix were worth $2,814,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Netflix by 1.4% in the first quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock worth $35,433,585,000 after buying an additional 509,255 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in 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 worth $10,940,505,000 after acquiring an additional 304,399 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of Netflix by 1.0% in the first quarter. Alliancebernstein L.P. now owns 5,194,939 shares of the Internet television network's stock valued at $4,844,436,000 after acquiring an additional 53,611 shares during the period. Invesco Ltd. raised 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 acquiring an additional 356,617 shares during the last quarter. Finally, Wellington Management Group LLP raised 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 acquiring an additional 148,675 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on NFLX. Wells Fargo & Company raised their target price on Netflix from $1,500.00 to $1,560.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. Barclays reiterated a "sell" rating and issued a $1,100.00 price objective (up previously 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. Zacks Research downgraded Netflix from a "strong-buy" rating to a "hold" rating in a report on Monday, September 1st. Finally, TD Cowen lifted their price target on shares of Netflix from $1,440.00 to $1,450.00 and gave the company a "buy" rating in a report on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Netflix presently has a consensus rating of "Moderate Buy" and an average price target of $1,335.00.

Netflix Trading Down 0.8%

Shares of NASDAQ NFLX opened at $1,153.32 on Monday. The firm's 50 day moving average price is $1,207.36 and its 200-day moving average price is $1,161.81. Netflix, Inc. has a 52-week low of $677.88 and a 52-week high of $1,341.15. 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 company has a market cap of $490.08 billion, a PE ratio of 49.14, a P/E/G ratio of 1.94 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data 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. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. During the same period in the previous year, the business earned $4.88 EPS. The firm'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, equities research analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Activity at Netflix

In related news, CFO Spencer Adam Neumann sold 2,600 shares of Netflix stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $1,172.51, for a total value of $3,048,526.00. Following the completion of the sale, the chief financial officer directly owned 3,691 shares in the company, valued at approximately $4,327,734.41. This trade represents a 41.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Theodore A. Sarandos sold 2,026 shares of the company'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 transaction, the chief executive officer owned 15,168 shares in the company, valued at $17,604,284.16. This represents a 11.78% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 104,100 shares of company stock valued at $122,710,980 over the last three months. 1.37% of the stock is owned by insiders.

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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