169 Shares in Netflix, Inc. $NFLX Bought by Topsail Wealth Management LLC

Topsail Wealth Management LLC bought a new position in Netflix, Inc. (NASDAQ:NFLX) during the second quarter, HoldingsChannel reports. The firm bought 169 shares of the Internet television network’s stock, valued at approximately $226,000.

A number of other large investors also recently modified their holdings of the company. VestGen Investment Management lifted its holdings in shares of Netflix by 262.1% in the 2nd quarter. VestGen Investment Management now owns 793 shares of the Internet television network’s stock worth $1,062,000 after purchasing an additional 574 shares in the last quarter. Ballast Advisors LLC lifted its holdings in shares of Netflix by 3.2% in the 2nd quarter. Ballast Advisors LLC now owns 619 shares of the Internet television network’s stock worth $829,000 after purchasing an additional 19 shares in the last quarter. University of Texas Texas AM Investment Management Co. lifted its holdings in shares of Netflix by 18.8% in the 2nd quarter. University of Texas Texas AM Investment Management Co. now owns 8,839 shares of the Internet television network’s stock worth $11,837,000 after purchasing an additional 1,401 shares in the last quarter. Conservest Capital Advisors Inc. raised its position in Netflix by 6.7% in the 2nd quarter. Conservest Capital Advisors Inc. now owns 239 shares of the Internet television network’s stock valued at $320,000 after buying an additional 15 shares during the last quarter. Finally, Strait & Sound Wealth Management LLC purchased a new stake in Netflix in the 2nd quarter valued at $233,000. 80.93% of the stock is currently owned by institutional investors.

Insider Activity 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 sale, the chief executive officer directly owned 12,781 shares in the company, valued at $14,793,240.64. The trade was a 13.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Reed Hastings sold 42,176 shares of Netflix stock in a transaction dated 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 of the company’s stock, valued at approximately $461,736.48. This trade represents a 99.07% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 104,100 shares of company stock worth $122,710,980. 1.37% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

NFLX has been the subject of a number of analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Netflix in a research report on Saturday. Rosenblatt Securities increased their price target on Netflix from $1,515.00 to $1,530.00 and gave the company a “buy” rating in a research report on Wednesday. Seaport Res Ptn raised Netflix from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. Pivotal Research reissued a “buy” rating on shares of Netflix in a research report on Thursday, July 10th. Finally, Wedbush lowered their price target on Netflix from $1,500.00 to $1,400.00 and set an “outperform” rating for the company in a research report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,352.78.

Netflix Trading Down 1.7%

NASDAQ NFLX opened at $1,094.69 on Friday. The stock has a market capitalization of $463.85 billion, a price-to-earnings ratio of 45.73, a PEG ratio of 1.89 and a beta of 1.59. Netflix, Inc. has a one year low of $747.77 and a one year high of $1,341.15. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.34. The business’s fifty day moving average is $1,207.21 and its 200-day moving average is $1,187.47.

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

About Netflix

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.