202 Shares in Netflix, Inc. $NFLX Acquired by Allen Wealth Management LLC

Allen Wealth Management LLC acquired a new stake in Netflix, Inc. (NASDAQ:NFLX) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 202 shares of the Internet television network’s stock, valued at approximately $271,000.

A number of other institutional investors have also recently modified their holdings of NFLX. Blue Trust Inc. grew its holdings in shares of Netflix by 9.1% during the 2nd quarter. Blue Trust Inc. now owns 2,131 shares of the Internet television network’s stock worth $2,854,000 after purchasing an additional 177 shares in the last quarter. Robertson Stephens Wealth Management LLC grew its stake in Netflix by 3.3% during the second quarter. Robertson Stephens Wealth Management LLC now owns 7,189 shares of the Internet television network’s stock worth $9,627,000 after buying an additional 233 shares in the last quarter. Costello Asset Management INC grew its stake in Netflix by 1.5% during the second quarter. Costello Asset Management INC now owns 6,497 shares of the Internet television network’s stock worth $8,700,000 after buying an additional 98 shares in the last quarter. Monument Capital Management increased its holdings in Netflix by 248.2% in the 2nd quarter. Monument Capital Management now owns 3,492 shares of the Internet television network’s stock valued at $4,676,000 after buying an additional 2,489 shares during the period. Finally, Mengis Capital Management Inc. raised its position in shares of Netflix by 3.2% in the 2nd quarter. Mengis Capital Management Inc. now owns 321 shares of the Internet television network’s stock valued at $430,000 after buying an additional 10 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on NFLX. TD Cowen lowered their price objective on shares of Netflix from $1,450.00 to $1,425.00 and set a “buy” rating for the company in a research report on Tuesday. KeyCorp lifted their price target on Netflix from $1,070.00 to $1,390.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. Wedbush restated 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. Seaport Res Ptn raised Netflix from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Finally, Wells Fargo & Company raised their price objective 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. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,337.63.

Netflix Stock Performance

Netflix stock opened at $1,220.08 on Friday. The business has a 50 day moving average of $1,210.84 and a 200-day moving average of $1,167.10. Netflix, Inc. has a 1 year low of $677.88 and a 1 year high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. The company has a market capitalization of $518.45 billion, a P/E ratio of 51.98, a P/E/G ratio of 2.07 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 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%. Netflix’s revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, equities research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Buying and Selling at Netflix

In related news, Director Reed Hastings sold 42,176 shares of the company’s stock in a transaction that occurred 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 sale, the director directly owned 394 shares in the company, valued at $461,736.48. This represents a 99.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $1,162.40, for a total value of $3,023,402.40. Following the completion of the sale, the chief financial officer owned 3,691 shares in the company, valued at $4,290,418.40. The trade was a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,100 shares of company stock worth $122,710,980 over the last 90 days. Company insiders own 1.37% of the company’s stock.

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.