Heritage Oak Wealth Advisors LLC Purchases 96 Shares of Netflix, Inc. $NFLX

Heritage Oak Wealth Advisors LLC raised its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 31.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 397 shares of the Internet television network’s stock after acquiring an additional 96 shares during the quarter. Heritage Oak Wealth Advisors LLC’s holdings in Netflix were worth $532,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in NFLX. Halbert Hargrove Global Advisors LLC boosted its position in shares of Netflix by 100.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock worth $25,000 after purchasing an additional 13 shares in the last quarter. Copia Wealth Management bought a new position in shares of Netflix during the 4th quarter worth about $37,000. Flaharty Asset Management LLC bought a new position in shares of Netflix during the 1st quarter worth about $37,000. Maseco LLP bought a new position in shares of Netflix during the 2nd quarter worth about $39,000. Finally, Barnes Dennig Private Wealth Management LLC bought a new position in shares of Netflix during the 1st quarter worth about $42,000. Institutional investors own 80.93% of the company’s stock.

Insider Activity at Netflix

In other news, Director Reed Hastings sold 25,959 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $1,207.71, for a total transaction of $31,350,943.89. Following the completion of the transaction, the director directly owned 394 shares of the company’s stock, valued at $475,837.74. This represents a 98.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Theodore A. Sarandos sold 2,026 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the transaction, the chief executive officer directly owned 15,168 shares of the company’s stock, valued at $17,604,284.16. This represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 88,728 shares of company stock valued at $108,700,648 over the last quarter. 1.37% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company increased their price objective on shares of Netflix from $1,500.00 to $1,560.00 and gave the stock an “overweight” rating in a research report on Friday, July 18th. KeyCorp increased their price objective on shares of Netflix from $1,070.00 to $1,390.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. Piper Sandler upped their target price on shares of Netflix from $1,400.00 to $1,500.00 and gave the stock an “overweight” rating in a report on Friday, July 18th. Robert W. Baird upped their target price on shares of Netflix from $1,300.00 to $1,500.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. Finally, Oppenheimer upped their target price on shares of Netflix from $1,200.00 to $1,425.00 and gave the stock an “outperform” rating in a report on Thursday, June 12th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,328.87.

Netflix Stock Down 0.7%

Netflix stock opened at $1,218.47 on Wednesday. Netflix, Inc. has a twelve month low of $677.88 and a twelve month high of $1,341.15. The firm has a 50 day moving average price of $1,210.96 and a 200-day moving average price of $1,145.17. The company has a market capitalization of $517.76 billion, a P/E ratio of 51.92, a P/E/G ratio of 2.07 and a beta of 1.60. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share 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 the consensus estimate of $11.04 billion. During the same period in the prior year, the firm earned $4.88 EPS. The company’s revenue was up 15.9% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, equities analysts predict that Netflix, Inc. will post 24.58 EPS 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.