Strategies Wealth Advisors LLC Takes Position in Netflix, Inc. $NFLX

Key Points

• Strategies Wealth Advisors LLC has taken a new position in Netflix, acquiring 476 shares valued at approximately $444,000.
• In the first quarter, several other large investors, including Resurgent Financial Advisors LLC and BNP PARIBAS ASSET MANAGEMENT Holding S.A., significantly increased their stakes in Netflix.
• Analysts have lifted their price targets for Netflix stock, with Robert W. Baird setting a new target at $1,500.00 and maintaining an "outperform" rating.

Strategies Wealth Advisors LLC purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 476 shares of the Internet television network's stock, valued at approximately $444,000.

Several other large investors also recently bought and sold shares of the company. Resurgent Financial Advisors LLC increased its stake in Netflix by 234.4% during the 1st quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network's stock worth $942,000 after buying an additional 708 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of Netflix by 42.1% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 441,861 shares of the Internet television network's stock valued at $412,059,000 after acquiring an additional 130,946 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Netflix by 8.7% during the fourth quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network's stock worth $1,227,468,000 after acquiring an additional 110,432 shares during the last quarter. PharVision Advisers LLC acquired a new position in shares of Netflix in the fourth quarter worth about $873,000. Finally, New England Research & Management Inc. boosted its holdings in Netflix by 148.5% in the first quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network's stock valued at $1,979,000 after purchasing an additional 1,268 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 related news, CEO Gregory K. Peters sold 2,026 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the sale, the chief executive officer directly owned 12,781 shares in the company, valued at $14,793,240.64. The trade was a 13.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jay C. Hoag sold 31,750 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $1,252.35, for a total transaction of $39,762,112.50. Following the sale, the director owned 63,040 shares of the company's stock, valued at $78,948,144. The trade was a 33.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 146,307 shares of company stock worth $179,443,809. Company insiders own 1.37% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on NFLX shares. Robert W. Baird lifted their price objective on Netflix from $1,300.00 to $1,500.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Piper Sandler lifted their price target on shares of Netflix from $1,400.00 to $1,500.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. Oppenheimer increased their price objective on shares of Netflix from $1,200.00 to $1,425.00 and gave the company an "outperform" rating in a research note on Thursday, June 12th. Needham & Company LLC reissued a "buy" rating and set a $1,500.00 price objective on shares of Netflix in a report on Friday, July 18th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Netflix from $1,230.00 to $1,300.00 and gave the stock a "neutral" rating in a research report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $1,297.66.

Netflix Trading Down 0.6%

NASDAQ:NFLX opened at $1,206.21 on Friday. The firm has a market capitalization of $512.55 billion, a P/E ratio of 51.39, a P/E/G ratio of 2.04 and a beta of 1.59. The business has a 50 day simple moving average of $1,231.56 and a 200 day simple moving average of $1,108.85. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. Netflix, Inc. has a 12-month low of $660.80 and a 12-month high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating 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 firm had revenue of $11.08 billion for the quarter, compared to analysts' expectations of $11.04 billion. During the same period last year, the firm earned $4.88 EPS. The firm's revenue was up 15.9% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Equities research analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Netflix 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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