Belpointe Asset Management LLC Boosts Stock Position in Netflix, Inc. $NFLX

Belpointe Asset Management LLC raised its position in Netflix, Inc. (NASDAQ:NFLX) by 7.4% during the first quarter, Holdings Channel.com reports. The firm owned 9,893 shares of the Internet television network’s stock after buying an additional 678 shares during the period. Belpointe Asset Management LLC’s holdings in Netflix were worth $9,226,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Brighton Jones LLC boosted its position in Netflix by 5.0% during the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock worth $4,804,000 after acquiring an additional 257 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of Netflix by 16.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock worth $912,000 after purchasing an additional 144 shares during the period. Lazard Asset Management LLC boosted its holdings in shares of Netflix by 5.0% during the fourth quarter. Lazard Asset Management LLC now owns 54,984 shares of the Internet television network’s stock worth $49,008,000 after purchasing an additional 2,618 shares during the last quarter. Morse Asset Management Inc grew its position in shares of Netflix by 2.0% in the fourth quarter. Morse Asset Management Inc now owns 6,957 shares of the Internet television network’s stock valued at $6,201,000 after purchasing an additional 137 shares during the period. Finally, Obermeyer Wealth Partners increased its stake in Netflix by 4.9% in the fourth quarter. Obermeyer Wealth Partners now owns 691 shares of the Internet television network’s stock valued at $616,000 after purchasing an additional 32 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on NFLX shares. Seaport Res Ptn cut Netflix from a “strong-buy” rating to a “hold” rating in a report on Sunday, July 6th. The Goldman Sachs Group raised their target price on shares of Netflix from $1,000.00 to $1,140.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 2nd. BMO Capital Markets reaffirmed an “outperform” rating and set a $1,425.00 price target (up previously from $1,200.00) on shares of Netflix in a research report on Tuesday, July 15th. Wall Street Zen downgraded shares of Netflix from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Finally, Wells Fargo & Company boosted their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,317.58.

Insider Buying and Selling

In related news, Director Reed Hastings sold 25,959 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $1,207.71, for a total transaction of $31,350,943.89. Following the sale, the director directly owned 394 shares in the company, valued at approximately $475,837.74. This trade represents a 98.50% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Gregory K. Peters sold 2,026 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the completion of the transaction, the chief executive officer owned 12,781 shares of the company’s stock, valued at approximately $14,793,240.64. This represents a 13.68% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 89,348 shares of company stock worth $109,498,489. Company insiders own 1.37% of the company’s stock.

Netflix Price Performance

Netflix stock opened at $1,263.25 on Wednesday. The firm has a fifty day moving average of $1,222.86 and a 200-day moving average of $1,127.68. Netflix, Inc. has a 52-week low of $660.80 and a 52-week high of $1,341.15. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $536.79 billion, a P/E ratio of 53.82, a PEG ratio of 2.10 and a beta of 1.60.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating the consensus estimate of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same quarter in the previous year, the business posted $4.88 EPS. The business’s quarterly revenue 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. As a group, 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.