Triad Wealth Partners LLC Buys Shares of 278 Netflix, Inc. $NFLX

Triad Wealth Partners LLC purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 278 shares of the Internet television network's stock, valued at approximately $372,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. increased its holdings in Netflix by 1.0% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 283,345 shares of the Internet television network's stock valued at $379,436,000 after acquiring an additional 2,856 shares in the last quarter. Cornell Pochily Investment Advisors Inc. increased its stake in shares of Netflix by 2.9% during the 2nd quarter. Cornell Pochily Investment Advisors Inc. now owns 352 shares of the Internet television network's stock worth $471,000 after purchasing an additional 10 shares in the last quarter. Patriot Financial Group Insurance Agency LLC increased its stake in shares of Netflix by 18.8% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,928 shares of the Internet television network's stock worth $2,581,000 after purchasing an additional 305 shares in the last quarter. J. Safra Sarasin Holding AG raised its position in shares of Netflix by 4.2% during the 2nd quarter. J. Safra Sarasin Holding AG now owns 8,150 shares of the Internet television network's stock worth $10,846,000 after purchasing an additional 327 shares during the last quarter. Finally, CHURCHILL MANAGEMENT Corp lifted its stake in Netflix by 15.3% in the 2nd quarter. CHURCHILL MANAGEMENT Corp now owns 38,067 shares of the Internet television network's stock valued at $50,977,000 after buying an additional 5,040 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Price Performance

NFLX stock opened at $1,153.32 on Friday. The company has a market cap of $490.08 billion, a PE ratio of 49.14, a price-to-earnings-growth ratio of 1.96 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. The stock has a 50-day moving average price of $1,207.36 and a two-hundred day moving average price of $1,158.96. Netflix, Inc. has a 12-month low of $677.88 and a 12-month high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share 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 business had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same period in the previous year, the company posted $4.88 EPS. The company'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. As a group, research analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Activity at Netflix

In other news, CFO Spencer Adam Neumann sold 2,600 shares of the stock in a transaction on Wednesday, October 1st. The shares were 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 owned 3,691 shares of the company's stock, valued at $4,327,734.41. This represents a 41.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gregory K. Peters sold 2,026 shares of Netflix stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the transaction, the chief executive officer owned 12,781 shares in the company, valued at $14,793,240.64. The trade was a 13.68% decrease in their position. The disclosure for this sale can be found here. Insiders sold 104,100 shares of company stock valued at $122,710,980 over the last quarter. Company insiders own 1.37% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on NFLX. Morgan Stanley reissued an "equal weight" rating on shares of Netflix in a research report on Monday, July 21st. UBS Group reaffirmed a "market underperform" rating on shares of Netflix in a research note on Saturday, July 19th. Piper Sandler boosted their target price on shares of Netflix from $1,400.00 to $1,500.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Zacks Research lowered shares of Netflix from a "strong-buy" rating to a "hold" rating in a report on Monday, September 1st. Finally, Pivotal Research reiterated a "buy" rating on shares of Netflix in a report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,335.00.

Netflix Company 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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