Netflix, Inc. $NFLX Shares Acquired by Wedmont Private Capital

Key Points

• Wedmont Private Capital increased its stake in Netflix by 3.3%, bringing its total holdings to approximately $13.13 million and making Netflix the firm’s 28th largest investment.
• 80.93% of Netflix's stock is owned by institutional investors, with firms like Vanguard and Price T Rowe also increasing their stakes during the first quarter.
• Analyst ratings for Netflix indicate a predominance of positive sentiment, with 23 Buy ratings and an average target price of $1,328.87, reflecting confidence in the stock's potential growth.

Wedmont Private Capital lifted its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 3.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,192 shares of the Internet television network's stock after buying an additional 321 shares during the quarter. Netflix makes up 0.6% of Wedmont Private Capital's investment portfolio, making the stock its 28th largest holding. Wedmont Private Capital's holdings in Netflix were worth $13,130,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC grew its stake in Netflix by 100.0% during the 1st 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 in the last quarter. Brown Shipley& Co Ltd acquired a new position in Netflix during the 4th quarter worth $27,000. Copia Wealth Management acquired a new position in Netflix during the 4th quarter worth $37,000. Flaharty Asset Management LLC acquired a new position in Netflix during the 1st quarter worth $37,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new position in Netflix during the 1st quarter worth $42,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on NFLX shares. Wall Street Zen raised Netflix from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. Sanford C. Bernstein upped their price objective on Netflix from $1,200.00 to $1,390.00 and gave the stock an "outperform" rating in a research report on Thursday, July 17th. BMO Capital Markets reaffirmed an "outperform" rating and set a $1,425.00 price objective (up from $1,200.00) on shares of Netflix in a research report on Tuesday, July 15th. JPMorgan Chase & Co. upped their price objective on Netflix from $1,230.00 to $1,300.00 and gave the stock a "neutral" rating in a research report on Friday, July 18th. Finally, Wedbush reaffirmed an "outperform" rating and set a $1,500.00 price objective (up from $1,400.00) on shares of Netflix in a research report on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,328.87.

Insider Activity

In other Netflix news, CEO Gregory K. Peters sold 2,026 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the completion of the sale, the chief executive officer directly owned 12,781 shares of the company's stock, valued at $14,793,240.64. This represents a 13.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Cletus R. Willems sold 238 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total value of $274,537.76. The disclosure for this sale can be found here. Insiders sold 89,348 shares of company stock worth $109,498,489 over the last quarter. 1.37% of the stock is owned by insiders.

Netflix Stock Performance

Shares of Netflix stock traded down $20.72 on Thursday, hitting $1,207.78. The stock had a trading volume of 3,159,374 shares, compared to its average volume of 2,602,620. Netflix, Inc. has a 52-week low of $677.88 and a 52-week high of $1,341.15. 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 market cap of $513.22 billion, a price-to-earnings ratio of 51.46, a P/E/G ratio of 2.07 and a beta of 1.60. The company's 50 day moving average price is $1,212.85 and its 200 day moving average price is $1,137.88.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results 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 during the quarter, compared to the consensus estimate of $11.04 billion. During the same period in the previous year, the business earned $4.88 EPS. The business's quarterly revenue 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, research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

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.