Woodward Diversified Capital LLC Grows Position in Netflix, Inc. $NFLX

Key Points

• Woodward Diversified Capital LLC increased its position in Netflix by 23.2% during the second quarter, owning 1,345 shares valued at approximately $1.8 million.
• Insiders at Netflix have recently sold a substantial number of shares, with CEO Gregory K. Peters selling over $2.3 million worth, indicating a 13.68% decrease in his position.
• Netflix's stock has a current market capitalization of $497.55 billion and reported earnings per share of $7.19, surpassing analysts' estimates.

Woodward Diversified Capital LLC grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 23.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,345 shares of the Internet television network's stock after buying an additional 253 shares during the quarter. Netflix accounts for approximately 0.9% of Woodward Diversified Capital LLC's holdings, making the stock its 21st biggest holding. Woodward Diversified Capital LLC's holdings in Netflix were worth $1,801,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of NFLX. Halbert Hargrove Global Advisors LLC lifted its holdings in shares of Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after buying an additional 13 shares during the period. Maseco LLP bought a new stake in shares of Netflix in the 2nd quarter valued at about $39,000. Ransom Advisory Ltd acquired a new position in shares of Netflix during the second quarter worth $47,000. Flaharty Asset Management LLC acquired a new stake in Netflix in the first quarter worth about $37,000. Finally, Signature Resources Capital Management LLC grew its position in Netflix by 740.0% during the 2nd quarter. Signature Resources Capital Management LLC now owns 42 shares of the Internet television network's stock worth $56,000 after purchasing an additional 37 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Netflix

In other Netflix news, insider Cletus R. Willems sold 238 shares of the firm'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 transaction of $274,537.76. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Gregory K. Peters sold 2,026 shares of the company's 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 completion of the transaction, the chief executive officer 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 disclosure for this sale can be found here. In the last quarter, insiders sold 59,324 shares of company stock worth $70,235,556. 1.37% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

NFLX has been the topic of several research analyst reports. Jefferies Financial Group reiterated a "buy" rating on shares of Netflix in a research note on Thursday, September 11th. BMO Capital Markets reaffirmed an "outperform" rating and set a $1,425.00 price objective (up previously from $1,200.00) on shares of Netflix in a research note on Tuesday, July 15th. Wells Fargo & Company lifted their price target on Netflix from $1,500.00 to $1,560.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Phillip Securities downgraded Netflix from a "hold" rating to a "strong sell" rating in a research report on Monday, July 21st. Finally, The Goldman Sachs Group decreased their target price on Netflix from $1,310.00 to $1,300.00 and set a "neutral" rating on the stock in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, Netflix presently has an average rating of "Moderate Buy" and an average price target of $1,334.03.

Netflix Stock Down 2.3%

NASDAQ:NFLX opened at $1,170.90 on Thursday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $497.55 billion, a price-to-earnings ratio of 49.89, a price-to-earnings-growth ratio of 2.02 and a beta of 1.59. Netflix, Inc. has a 52 week low of $677.88 and a 52 week high of $1,341.15. The stock's fifty day moving average is $1,208.27 and its two-hundred day moving average is $1,155.95.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.07 by $0.12. The company had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm's quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the business earned $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. 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.

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