Triad Wealth Partners LLC Takes Position in Netflix, Inc. $NFLX

Triad Wealth Partners LLC bought a new stake in Netflix, Inc. (NASDAQ:NFLX) in the 2nd quarter, Holdings Channel reports. The fund bought 278 shares of the Internet television network’s stock, valued at approximately $372,000.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Netflix by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network’s stock valued at $35,433,585,000 after purchasing an additional 509,255 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Netflix by 2.7% during the 1st 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 position 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 worth $4,844,436,000 after buying an additional 53,611 shares in the last quarter. Invesco Ltd. grew its position 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 worth $4,350,083,000 after buying an additional 356,617 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of Netflix by 3.5% in the first quarter. Wellington Management Group LLP now owns 4,385,666 shares of the Internet television network’s stock worth $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 and hedge funds.

Insider Transactions at Netflix

In other news, CEO Gregory K. Peters sold 2,026 shares of the firm’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 of the company’s stock, valued at approximately $14,793,240.64. This trade represents a 13.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Reed Hastings sold 42,176 shares of Netflix stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total transaction of $49,426,897.92. Following the sale, the director owned 394 shares in the company, valued at approximately $461,736.48. This represents a 99.07% 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 quarter. Insiders own 1.37% of the company’s stock.

Analyst Upgrades and Downgrades

NFLX has been the topic of a number of research analyst reports. KeyCorp increased their price objective on shares of Netflix from $1,070.00 to $1,390.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. Zacks Research cut shares of Netflix from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. BMO Capital Markets reissued an “outperform” rating and issued a $1,425.00 price objective (up from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. JPMorgan Chase & Co. upped their price objective on Netflix from $1,230.00 to $1,300.00 and gave the company a “neutral” rating in a research note on Friday, July 18th. Finally, Loop Capital upgraded Netflix from a “hold” rating to a “buy” rating and boosted their price target for the company from $1,150.00 to $1,350.00 in a report on Wednesday, September 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,335.00.

Netflix Stock Down 0.8%

Netflix stock opened at $1,153.32 on Friday. 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, Inc. has a one year low of $677.88 and a one year high of $1,341.15. The company has a 50-day simple moving average of $1,207.36 and a 200-day simple moving average of $1,158.96. The firm has a market capitalization of $490.08 billion, a P/E ratio of 49.14, a P/E/G ratio of 1.96 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 in the previous year, the business posted $4.88 EPS. Netflix’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. As a group, equities analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

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.