Life Line Wealth Management LLC Buys 55 Shares of Netflix, Inc. $NFLX

Life Line Wealth Management LLC lifted its stake in Netflix, Inc. (NASDAQ:NFLX) by 23.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 290 shares of the Internet television network’s stock after acquiring an additional 55 shares during the period. Netflix accounts for about 0.1% of Life Line Wealth Management LLC’s investment portfolio, making the stock its 25th largest position. Life Line Wealth Management LLC’s holdings in Netflix were worth $388,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Fullcircle Wealth LLC raised its stake in shares of Netflix by 2.5% in the 1st quarter. Fullcircle Wealth LLC now owns 369 shares of the Internet television network’s stock valued at $344,000 after acquiring an additional 9 shares in the last quarter. Capital Analysts LLC raised its stake in shares of Netflix by 0.3% in the 1st quarter. Capital Analysts LLC now owns 2,620 shares of the Internet television network’s stock valued at $2,443,000 after acquiring an additional 9 shares in the last quarter. Enterprise Financial Services Corp raised its stake in shares of Netflix by 1.8% in the 1st quarter. Enterprise Financial Services Corp now owns 505 shares of the Internet television network’s stock valued at $471,000 after acquiring an additional 9 shares in the last quarter. Continuum Wealth Advisors LLC raised its stake in shares of Netflix by 4.4% in the 1st quarter. Continuum Wealth Advisors LLC now owns 235 shares of the Internet television network’s stock valued at $219,000 after acquiring an additional 10 shares in the last quarter. Finally, Financial Enhancement Group LLC increased its position in Netflix by 2.5% in the 1st quarter. Financial Enhancement Group LLC now owns 412 shares of the Internet television network’s stock worth $384,000 after buying an additional 10 shares during the period. 80.93% of the stock is owned by institutional investors.

Netflix Stock Performance

NFLX opened at $1,188.44 on Friday. The stock has a market cap of $505.00 billion, a PE ratio of 50.64, a P/E/G ratio of 2.03 and a beta of 1.60. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 1 year low of $677.88 and a 1 year high of $1,341.15. The stock’s 50 day simple moving average is $1,218.15 and its 200-day simple moving average is $1,132.43.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data 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. The business had revenue of $11.08 billion for the quarter, compared to analysts’ expectations of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.Netflix’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the business posted $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Sell-side analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Upgrades and Downgrades

NFLX has been the topic of several recent analyst reports. Robert W. Baird lifted their price target on Netflix from $1,300.00 to $1,500.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. Bank of America lifted their price target on Netflix from $1,175.00 to $1,490.00 and gave the stock a “buy” rating in a research report on Friday, May 30th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Netflix in a research report on Monday, July 21st. Barclays reaffirmed a “sell” rating and issued a $1,100.00 price target (up from $1,000.00) on shares of Netflix in a research report on Wednesday, July 9th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $1,500.00 price target (up from $1,400.00) on shares of Netflix in a research report on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and an average target price of $1,317.58.

Insiders Place Their Bets

In related news, insider Cletus R. Willems sold 238 shares of the business’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $1,153.52, for a total value of $274,537.76. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider David A. Hyman sold 424 shares of the business’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total value of $491,276.08. Following the completion of the sale, the insider directly owned 31,610 shares in the company, valued at approximately $36,625,558.70. This represents a 1.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 89,348 shares of company stock worth $109,498,489 over the last quarter. Corporate 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.