Precision Wealth Strategies LLC Increases Position in Netflix, Inc. $NFLX

Precision Wealth Strategies LLC grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 25.4% during the second quarter, Holdings Channel reports. The institutional investor owned 5,368 shares of the Internet television network’s stock after purchasing an additional 1,089 shares during the quarter. Netflix comprises 2.3% of Precision Wealth Strategies LLC’s portfolio, making the stock its 8th biggest holding. Precision Wealth Strategies LLC’s holdings in Netflix were worth $7,188,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Netflix by 1.4% during the first quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network’s stock valued at $35,433,585,000 after buying an additional 509,255 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Netflix by 2.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,732,066 shares of the Internet television network’s stock valued at $10,940,505,000 after buying an additional 304,399 shares during the last quarter. Alliancebernstein L.P. grew its stake in shares of Netflix by 1.0% during the first quarter. Alliancebernstein L.P. now owns 5,194,939 shares of the Internet television network’s stock valued at $4,844,436,000 after buying an additional 53,611 shares during the last quarter. Invesco Ltd. grew its stake in shares of Netflix by 8.3% during the first quarter. Invesco Ltd. now owns 4,664,818 shares of the Internet television network’s stock valued at $4,350,083,000 after buying an additional 356,617 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of Netflix by 3.5% during the first quarter. Wellington Management Group LLP now owns 4,385,666 shares of the Internet television network’s stock valued at $4,089,765,000 after buying an additional 148,675 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Reed Hastings sold 25,959 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $1,207.71, for a total value of $31,350,943.89. Following the completion of the transaction, the director directly owned 394 shares in the company, valued at $475,837.74. The trade was a 98.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David A. Hyman sold 424 shares of the business’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the completion of the transaction, the insider owned 31,610 shares of the company’s stock, valued at approximately $36,625,558.70. The trade was a 1.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 59,324 shares of company stock worth $70,235,556 over the last 90 days. 1.37% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and issued a $1,500.00 target price on shares of Netflix in a research note on Wednesday, September 10th. 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 raised their target price on Netflix from $1,440.00 to $1,450.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Seaport Res Ptn cut Netflix from a “strong-buy” rating to a “hold” rating in a research note on Sunday, July 6th. Finally, Phillip Securities cut Netflix from a “hold” rating to a “strong sell” rating in a research note on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,334.03.

Netflix Price Performance

NFLX stock opened at $1,170.90 on Thursday. The firm has a 50 day moving average price of $1,208.27 and a 200-day moving average price of $1,155.95. Netflix, Inc. has a 52-week low of $677.88 and a 52-week high of $1,341.15. The firm has a market capitalization of $497.55 billion, a price-to-earnings ratio of 49.89, a PEG ratio of 2.02 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. During the same period last year, the business earned $4.88 earnings per share. The business’s 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. Equities research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

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.