Genesis Wealth Advisors LLC Makes New $268,000 Investment in Netflix, Inc. $NFLX

Genesis Wealth Advisors LLC purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 200 shares of the Internet television network’s stock, valued at approximately $268,000.

Other institutional investors have also made changes to their positions in the company. Brighton Jones LLC lifted its position in Netflix by 5.0% during the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock worth $4,804,000 after buying an additional 257 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of Netflix by 16.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock valued at $912,000 after acquiring an additional 144 shares during the last quarter. Total Wealth Planning & Management Inc. bought a new stake in Netflix during the fourth quarter worth about $222,000. Copia Wealth Management bought a new stake in Netflix during the fourth quarter worth about $37,000. Finally, Old North State Trust LLC boosted its position in Netflix by 12.4% during the fourth quarter. Old North State Trust LLC now owns 786 shares of the Internet television network’s stock valued at $701,000 after purchasing an additional 87 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

NASDAQ NFLX opened at $1,203.95 on Thursday. The stock has a market cap of $511.59 billion, a PE ratio of 51.30, a P/E/G ratio of 2.05 and a beta of 1.60. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. The firm has a 50-day moving average of $1,210.04 and a 200-day moving average of $1,145.57. Netflix, Inc. has a 52-week low of $677.88 and a 52-week high of $1,341.15.

Netflix (NASDAQ:NFLX) last announced its quarterly 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 business 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 quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, sell-side analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analysts Forecast Growth

NFLX has been the topic of several recent analyst reports. Jefferies Financial Group reaffirmed a “buy” rating on shares of Netflix in a research report on Thursday, September 11th. Wells Fargo & Company boosted their target price on shares of Netflix from $1,500.00 to $1,560.00 and gave the stock an “overweight” rating in a report on Friday, July 18th. Seaport Res Ptn cut shares of Netflix from a “strong-buy” rating to a “hold” rating in a research note on Sunday, July 6th. UBS Group reissued a “market underperform” rating on shares of Netflix in a research report on Saturday, July 19th. Finally, Piper Sandler upped their target price on shares of 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-three have assigned a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $1,328.87.

Insider Buying and Selling at Netflix

In other news, CEO Gregory K. Peters sold 2,026 shares of Netflix 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 completion of the sale, the chief executive officer 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Theodore A. Sarandos sold 2,026 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 15,168 shares of the company’s stock, valued at approximately $17,604,284.16. The trade was a 11.78% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 88,728 shares of company stock worth $108,700,648 in 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.