Oxinas Partners Wealth Management LLC Buys 197 Shares of Netflix, Inc. $NFLX

Oxinas Partners Wealth Management LLC grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 50.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 586 shares of the Internet television network’s stock after acquiring an additional 197 shares during the quarter. Oxinas Partners Wealth Management LLC’s holdings in Netflix were worth $785,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC lifted its position in Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock valued at $25,000 after acquiring an additional 13 shares in the last quarter. Maseco LLP purchased a new position in shares of Netflix in the second quarter worth $39,000. Ransom Advisory Ltd bought a new position in shares of Netflix during the second quarter valued at $47,000. Flaharty Asset Management LLC purchased a new position in Netflix in the 1st quarter worth about $37,000. Finally, Copia Wealth Management bought a new stake in shares of Netflix in the fourth quarter worth approximately $37,000. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In other news, Director Reed Hastings sold 25,959 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $1,207.71, for a total value of $31,350,943.89. Following the transaction, the director owned 394 shares of the company’s stock, valued at approximately $475,837.74. The trade was a 98.50% 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, CFO Spencer Adam Neumann sold 2,600 shares of the company’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $1,207.76, for a total transaction of $3,140,176.00. Following the transaction, the chief financial officer owned 3,691 shares of the company’s stock, valued at approximately $4,457,842.16. This represents a 41.33% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 88,728 shares of company stock worth $108,700,648. Insiders own 1.37% of the company’s stock.

Netflix Trading Down 1.2%

Shares of Netflix stock opened at $1,203.95 on Thursday. Netflix, Inc. has a fifty-two week low of $677.88 and a fifty-two week high of $1,341.15. 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 company has a market capitalization of $511.59 billion, a P/E ratio of 51.30, a P/E/G ratio of 2.05 and a beta of 1.60. The company has a fifty day moving average of $1,210.04 and a 200 day moving average of $1,145.57.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping analysts’ consensus estimates of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. During the same quarter in the prior year, the company posted $4.88 earnings per share. The business’s quarterly 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. On average, sell-side analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on NFLX shares. Wells Fargo & Company boosted their target price on shares of Netflix from $1,500.00 to $1,560.00 and gave the company an “overweight” rating in a research note on Friday, July 18th. Phillip Securities downgraded Netflix from a “hold” rating to a “strong sell” rating in a report on Monday, July 21st. KeyCorp boosted their price target on Netflix from $1,070.00 to $1,390.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. Piper Sandler increased their price objective on shares of Netflix from $1,400.00 to $1,500.00 and gave the stock an “overweight” rating in a research note on Friday, July 18th. Finally, Needham & Company LLC restated a “buy” rating and set a $1,500.00 target price on shares of Netflix in a research report on Wednesday, September 10th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,328.87.

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.