JGP Wealth Management LLC Buys 122 Shares of Netflix, Inc. $NFLX

JGP Wealth Management LLC lifted its stake in Netflix, Inc. (NASDAQ:NFLX) by 15.2% during the second quarter, HoldingsChannel reports. The firm owned 925 shares of the Internet television network’s stock after purchasing an additional 122 shares during the period. JGP Wealth Management LLC’s holdings in Netflix were worth $1,239,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in NFLX. Vanguard Group Inc. grew its holdings 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 worth $35,433,585,000 after acquiring an additional 509,255 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in 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 worth $10,940,505,000 after acquiring an additional 304,399 shares in the last quarter. Alliancebernstein L.P. grew its holdings in Netflix by 1.0% during the 1st quarter. Alliancebernstein L.P. now owns 5,194,939 shares of the Internet television network’s stock worth $4,844,436,000 after acquiring an additional 53,611 shares in the last quarter. Invesco Ltd. grew its holdings in Netflix by 8.3% during the 1st quarter. Invesco Ltd. now owns 4,664,818 shares of the Internet television network’s stock worth $4,350,083,000 after acquiring an additional 356,617 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in Netflix by 3.5% during the 1st quarter. Wellington Management Group LLP now owns 4,385,666 shares of the Internet television network’s stock worth $4,089,765,000 after acquiring an additional 148,675 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

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 shares were 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 directly owned 12,781 shares in the company, valued at approximately $14,793,240.64. The trade was a 13.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Reed Hastings sold 42,176 shares of Netflix stock in a transaction on Wednesday, October 1st. The stock was 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 of the company’s stock, valued at $461,736.48. The trade was a 99.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 104,100 shares of company stock valued at $122,710,980. Company insiders own 1.37% of the company’s stock.

Netflix Stock Performance

NFLX stock opened at $1,215.35 on Wednesday. The firm has a market cap of $516.43 billion, a price-to-earnings ratio of 51.78, a PEG ratio of 2.05 and a beta of 1.59. The firm has a 50-day simple moving average of $1,213.15 and a two-hundred day simple moving average of $1,172.10. Netflix, Inc. has a one year low of $677.88 and a one year 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.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping 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 company had revenue of $11.08 billion during the quarter, compared to analysts’ expectations of $11.04 billion. During the same period last year, the business earned $4.88 EPS. Netflix’s revenue for the quarter 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. On average, equities analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on NFLX shares. Piper Sandler increased 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. Barclays reiterated a “sell” rating and set a $1,100.00 target price (up from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. Zacks Research cut shares of Netflix from a “strong-buy” rating to a “hold” rating in a report on Monday, September 1st. Robert W. Baird increased their price target on shares of Netflix from $1,300.00 to $1,500.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. Finally, Rosenblatt Securities increased their price target on shares of Netflix from $1,514.00 to $1,515.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,337.63.

Netflix Company 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.