Towerpoint Wealth LLC Grows Stock Position in Netflix, Inc. $NFLX

Towerpoint Wealth LLC lifted its position in Netflix, Inc. (NASDAQ:NFLX) by 14.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 296 shares of the Internet television network’s stock after purchasing an additional 37 shares during the quarter. Towerpoint Wealth LLC’s holdings in Netflix were worth $396,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of NFLX. Halbert Hargrove Global Advisors LLC grew its holdings in Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock worth $25,000 after acquiring an additional 13 shares during the period. Brown Shipley& Co Ltd acquired a new stake in Netflix during the fourth quarter worth about $27,000. Copia Wealth Management acquired a new stake in Netflix during the fourth quarter worth about $37,000. Flaharty Asset Management LLC acquired a new stake in Netflix during the first quarter worth about $37,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new stake in Netflix during the first quarter worth about $42,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Price Performance

NASDAQ:NFLX opened at $1,200.51 on Wednesday. Netflix, Inc. has a 52 week low of $677.88 and a 52 week high of $1,341.15. 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 company has a market capitalization of $510.13 billion, a P/E ratio of 51.15, a P/E/G ratio of 2.02 and a beta of 1.60. The stock’s fifty day moving average is $1,214.91 and its two-hundred day moving average is $1,135.62.

Netflix (NASDAQ:NFLX) last posted its earnings results 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. The company had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The company’s revenue for the quarter was up 15.9% on a year-over-year basis. 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. Equities analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Transactions at Netflix

In related news, Director Reed Hastings sold 25,959 shares of the business’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $1,207.71, for a total value of $31,350,943.89. Following the sale, the director owned 394 shares in the company, valued at approximately $475,837.74. The trade was a 98.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gregory K. Peters sold 2,026 shares of the business’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the completion of the sale, the chief executive officer owned 12,781 shares in the company, 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 three months, insiders have sold 89,348 shares of company stock worth $109,498,489. 1.37% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

NFLX has been the topic of several analyst reports. Rosenblatt Securities raised their target price on Netflix from $1,514.00 to $1,515.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Citigroup reaffirmed a “neutral” rating and set a $1,250.00 target price (up from $1,020.00) on shares of Netflix in a report on Thursday, May 29th. KeyCorp raised their target price on Netflix from $1,070.00 to $1,390.00 and gave the stock an “overweight” rating in a report on Thursday, July 10th. Bank of America raised their target price on Netflix from $1,175.00 to $1,490.00 and gave the stock a “buy” rating in a report on Friday, May 30th. Finally, Piper Sandler raised their price objective on Netflix from $1,400.00 to $1,500.00 and gave the company an “overweight” rating in a report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,317.58.

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.