Opes Wealth Management LLC Grows Position in Netflix, Inc. $NFLX

Opes Wealth Management LLC increased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 2,910.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,464 shares of the Internet television network’s stock after buying an additional 20,751 shares during the period. Netflix accounts for approximately 5.1% of Opes Wealth Management LLC’s holdings, making the stock its 2nd biggest position. Opes Wealth Management LLC’s holdings in Netflix were worth $28,742,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Optima Capital LLC grew its position in shares of Netflix by 3.5% in the second quarter. Optima Capital LLC now owns 239 shares of the Internet television network’s stock valued at $320,000 after purchasing an additional 8 shares during the last quarter. Unified Investment Management grew its holdings in Netflix by 1.7% in the 2nd quarter. Unified Investment Management now owns 474 shares of the Internet television network’s stock valued at $635,000 after buying an additional 8 shares during the last quarter. Plancorp LLC increased its position in Netflix by 0.6% in the 2nd quarter. Plancorp LLC now owns 1,278 shares of the Internet television network’s stock worth $1,711,000 after buying an additional 8 shares during the period. Five Oceans Advisors lifted its holdings in shares of Netflix by 1.1% during the second quarter. Five Oceans Advisors now owns 751 shares of the Internet television network’s stock worth $1,006,000 after buying an additional 8 shares during the last quarter. Finally, Old Port Advisors boosted its position in shares of Netflix by 1.3% in the second quarter. Old Port Advisors now owns 624 shares of the Internet television network’s stock valued at $836,000 after acquiring an additional 8 shares during the period. Institutional investors own 80.93% of the company’s stock.

Netflix Trading Down 0.2%

Shares of NFLX stock opened at $1,113.59 on Friday. The company has a market capitalization of $473.19 billion, a P/E ratio of 46.52, a P/E/G ratio of 1.89 and a beta of 1.59. Netflix, Inc. has a 12-month low of $746.25 and a 12-month high of $1,341.15. The company has a quick ratio of 1.34, a current ratio of 1.33 and a debt-to-equity ratio of 0.56. The firm has a 50-day moving average price of $1,210.10 and a 200 day moving average price of $1,183.73.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share for the quarter, missing the consensus estimate of $6.88 by ($1.01). The firm had revenue of $11.51 billion for the quarter, compared to analyst estimates of $11.52 billion. Netflix had a return on equity of 41.86% and a net margin of 24.05%.The business’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the previous year, the business posted $5.40 EPS. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. Research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on NFLX. BMO Capital Markets reiterated an “outperform” rating and set a $1,425.00 target price (up from $1,200.00) on shares of Netflix in a research note on Tuesday, July 15th. Barclays restated a “sell” rating and set a $1,100.00 price target (up from $1,000.00) on shares of Netflix in a research note on Wednesday, July 9th. Needham & Company LLC restated a “buy” rating and issued a $1,500.00 target price on shares of Netflix in a research note on Wednesday. Wall Street Zen downgraded shares of Netflix from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Finally, Seaport Res Ptn upgraded shares of Netflix from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Netflix has an average rating of “Moderate Buy” and an average price target of $1,352.78.

Insider Activity

In other news, Director Reed Hastings sold 42,176 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the completion of the sale, the director directly owned 394 shares in the company, valued at approximately $461,736.48. This trade represents a 99.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Cletus R. Willems sold 238 shares of Netflix stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total value of $274,537.76. The disclosure for this sale can be found here. Over the last three months, insiders sold 104,100 shares of company stock worth $122,710,980. 1.37% of the stock is currently owned by insiders.

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.