Alta Wealth Advisors LLC Buys 64 Shares of Netflix, Inc. $NFLX

Alta Wealth Advisors LLC grew its stake in Netflix, Inc. (NASDAQ:NFLX) by 12.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 580 shares of the Internet television network’s stock after purchasing an additional 64 shares during the period. Alta Wealth Advisors LLC’s holdings in Netflix were worth $777,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Halbert Hargrove Global Advisors LLC lifted its stake 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 valued at $25,000 after purchasing an additional 13 shares during the last quarter. Flaharty Asset Management LLC bought a new stake in shares of Netflix in the 1st quarter valued at approximately $37,000. Maseco LLP bought a new stake in shares of Netflix in the 2nd quarter valued at approximately $39,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Netflix in the 1st quarter valued at approximately $42,000. Finally, 1248 Management LLC bought a new stake in shares of Netflix during the 1st quarter worth approximately $43,000. 80.93% of the stock is owned by institutional investors.

Netflix Trading Down 0.8%

NFLX opened at $1,153.32 on Friday. Netflix, Inc. has a one year low of $677.88 and a one year high of $1,341.15. The stock has a market capitalization of $490.08 billion, a PE ratio of 49.14, a P/E/G ratio of 1.94 and a beta of 1.59. The business’s 50 day moving average price is $1,207.36 and its 200 day moving average price is $1,160.35. 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 quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating analysts’ consensus estimates of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm had revenue of $11.08 billion for the quarter, compared to analysts’ expectations of $11.04 billion. During the same period in the prior year, the firm posted $4.88 earnings per share. The firm’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. As a group, equities research analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Transactions at Netflix

In other Netflix news, CEO Gregory K. Peters sold 2,026 shares of the company’s stock in a transaction 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 transaction, the chief executive officer directly owned 12,781 shares in the company, valued at $14,793,240.64. This represents 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 available at the SEC website. Also, Director Reed Hastings sold 42,176 shares of the company’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the transaction, the director owned 394 shares in the company, valued at $461,736.48. This trade represents a 99.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,100 shares of company stock valued at $122,710,980 in the last ninety days. 1.37% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on NFLX. Loop Capital raised Netflix from a “hold” rating to a “buy” rating and raised their price target for the stock from $1,150.00 to $1,350.00 in a research note on Wednesday, September 17th. Piper Sandler raised their price target on Netflix from $1,400.00 to $1,500.00 and gave the stock an “overweight” rating in a research note on Friday, July 18th. Barclays reissued a “sell” rating and set a $1,100.00 price target (up from $1,000.00) on shares of Netflix in a research note on Wednesday, July 9th. BMO Capital Markets reissued an “outperform” rating and set a $1,425.00 price target (up from $1,200.00) on shares of Netflix in a research note on Tuesday, July 15th. Finally, Morgan Stanley reissued an “equal weight” rating on shares of Netflix in a research note on Monday, July 21st. One investment 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,335.00.

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.