Ritholtz Wealth Management Acquires 1,403 Shares of Netflix, Inc. $NFLX

Ritholtz Wealth Management boosted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 19.1% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 8,754 shares of the Internet television network’s stock after acquiring an additional 1,403 shares during the quarter. Ritholtz Wealth Management’s holdings in Netflix were worth $11,722,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Resurgent Financial Advisors LLC lifted its stake in shares of Netflix by 234.4% in the 1st quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network’s stock valued at $942,000 after acquiring an additional 708 shares during the last quarter. MRA Advisory Group increased its holdings in Netflix by 28.4% in the 2nd quarter. MRA Advisory Group now owns 919 shares of the Internet television network’s stock worth $1,231,000 after purchasing an additional 203 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in Netflix by 42.1% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 441,861 shares of the Internet television network’s stock valued at $412,059,000 after purchasing an additional 130,946 shares during the last quarter. Sava Infond d.o.o. boosted its stake in shares of Netflix by 25.1% during the second quarter. Sava Infond d.o.o. now owns 1,495 shares of the Internet television network’s stock valued at $2,002,000 after purchasing an additional 300 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. grew its holdings in shares of Netflix by 1.4% during the second quarter. McGlone Suttner Wealth Management Inc. now owns 989 shares of the Internet television network’s stock worth $1,324,000 after purchasing an additional 14 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Seaport Res Ptn upgraded shares of Netflix from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Wall Street Zen downgraded shares of Netflix from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. TD Cowen cut their price target on shares of Netflix from $1,450.00 to $1,425.00 and set a “buy” rating on the stock in a report on Tuesday, October 7th. Weiss Ratings restated a “buy (b)” rating on shares of Netflix in a report on Wednesday, October 8th. Finally, Citigroup reaffirmed a “neutral” rating and set a $1,295.00 target price (up from $1,280.00) on shares of Netflix in a research report on Friday, October 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,337.63.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $1,215.35 on Wednesday. The company has a market capitalization of $516.43 billion, a PE ratio of 51.78, a P/E/G ratio of 2.05 and a beta of 1.59. 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, Inc. has a twelve month low of $677.88 and a twelve month high of $1,341.15. The firm has a fifty day simple moving average of $1,213.15 and a 200 day simple moving average of $1,172.10.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results 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 the consensus estimate of $11.04 billion. During the same period last year, the business posted $4.88 EPS. The business’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. On average, sell-side analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Theodore A. Sarandos sold 2,026 shares of Netflix stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the completion of the sale, the chief executive officer owned 15,168 shares in the company, valued at $17,604,284.16. The trade was a 11.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Cletus R. Willems sold 238 shares of the business’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total transaction of $274,537.76. The disclosure for this sale can be found here. Insiders sold a total of 104,100 shares of company stock valued at $122,710,980 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.