Tradition Wealth Management LLC Has $1.45 Million Stock Holdings in Netflix, Inc. $NFLX

Key Points

• Tradition Wealth Management LLC increased its stake in Netflix by 28.2%, owning 1,550 shares now valued at approximately $1.45 million.
• In the first quarter, Netflix's earnings per share beat estimates at $7.19, and the company reported a revenue of $11.08 billion, a 15.9% increase year-over-year.
• Insider selling has occurred, with CEO Gregory K. Peters and CFO Spencer Adam Neumann reducing their stock holdings by 13.68% and 41.34%, respectively, over recent transactions.

Tradition Wealth Management LLC grew its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 28.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,550 shares of the Internet television network's stock after buying an additional 341 shares during the period. Tradition Wealth Management LLC's holdings in Netflix were worth $1,445,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC grew its stake in Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after purchasing an additional 13 shares during the period. Brown Shipley& Co Ltd acquired a new stake in Netflix during the fourth quarter worth approximately $27,000. Transce3nd LLC acquired a new stake in Netflix during the fourth quarter worth approximately $32,000. Copia Wealth Management acquired a new stake in Netflix during the fourth quarter worth approximately $37,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new stake in Netflix during the first quarter worth approximately $42,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Trading Down 0.0%

Shares of Netflix stock opened at $1,213.86 on Thursday. The stock has a fifty day simple moving average of $1,231.74 and a 200 day simple moving average of $1,107.28. Netflix, Inc. has a 12-month low of $660.80 and a 12-month high of $1,341.15. The company has a market capitalization of $515.80 billion, a P/E ratio of 51.72, a price-to-earnings-growth ratio of 2.04 and a beta of 1.59. 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 (NASDAQ:NFLX - Get Free Report) last announced its quarterly 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 during the quarter, compared to the consensus estimate 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% 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. On average, sell-side analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Netflix news, CEO Gregory K. Peters sold 2,026 shares of the business's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the transaction, the chief executive officer owned 12,781 shares of the company's stock, valued at approximately $14,793,240.64. The trade was a 13.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $1,307.22, for a total value of $3,400,079.22. Following the completion of the transaction, the chief financial officer directly owned 3,691 shares in the company, valued at approximately $4,824,949.02. This represents a 41.34% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 146,307 shares of company stock worth $179,443,809 in the last ninety days. Company insiders own 1.37% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Sanford C. Bernstein raised their target price on Netflix from $1,200.00 to $1,390.00 and gave the stock an "outperform" rating in a research note on Thursday, July 17th. TD Cowen boosted their price objective on Netflix from $1,440.00 to $1,450.00 and gave the company a "buy" rating in a report on Friday, July 18th. Rosenblatt Securities boosted their price objective on Netflix from $1,514.00 to $1,515.00 and gave the company a "buy" rating in a report on Friday, July 18th. Wall Street Zen downgraded Netflix from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Canaccord Genuity Group restated a "buy" rating on shares of Netflix in a report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Netflix presently has an average rating of "Moderate Buy" and an average target price of $1,297.66.

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.

Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.