Netflix, Inc. $NFLX Shares Acquired by Kondo Wealth Advisors Inc.

Kondo Wealth Advisors Inc. increased its position in Netflix, Inc. (NASDAQ:NFLX) by 5.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 304 shares of the Internet television network’s stock after purchasing an additional 17 shares during the period. Kondo Wealth Advisors Inc.’s holdings in Netflix were worth $283,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in NFLX. Halbert Hargrove Global Advisors LLC boosted its holdings in shares of Netflix by 100.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock valued at $25,000 after acquiring an additional 13 shares during the period. Brown Shipley& Co Ltd acquired a new position in shares of Netflix in the 4th quarter valued at $27,000. Copia Wealth Management purchased a new stake in Netflix in the 4th quarter valued at $37,000. Flaharty Asset Management LLC purchased a new stake in Netflix in the 1st quarter valued at $37,000. Finally, Stuart Chaussee & Associates Inc. boosted its stake in Netflix by 4,500.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network’s stock worth $41,000 after purchasing an additional 45 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Trading Down 3.5%

Shares of NFLX stock opened at $1,203.50 on Friday. The business’s fifty day moving average price is $1,220.29 and its 200 day moving average price is $1,130.00. The firm has a market capitalization of $511.40 billion, a PE ratio of 51.28, a P/E/G ratio of 2.10 and a beta of 1.60. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. Netflix, Inc. has a 1-year low of $677.88 and a 1-year high of $1,341.15.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating 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 company had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter last year, the company earned $4.88 earnings per share. Netflix’s quarterly 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. As a group, sell-side analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NFLX has been the topic of a number of recent research reports. Needham & Company LLC restated a “buy” rating and issued a $1,500.00 price objective on shares of Netflix in a research note on Wednesday. Wall Street Zen lowered Netflix from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Netflix in a research note on Tuesday, August 12th. Bank of America increased their price objective on Netflix from $1,175.00 to $1,490.00 and gave the stock a “buy” rating in a research report on Friday, May 30th. Finally, Pivotal Research reissued a “buy” rating on shares of Netflix in a report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,317.58.

Insider Activity

In other Netflix news, insider David A. Hyman sold 424 shares of the company’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the transaction, the insider directly owned 31,610 shares in the company, valued at approximately $36,625,558.70. This represents a 1.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Spencer Adam Neumann sold 2,600 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $1,207.76, for a total transaction of $3,140,176.00. Following the completion of the transaction, the chief financial officer directly owned 3,691 shares of the company’s stock, valued at approximately $4,457,842.16. This trade represents a 41.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 89,348 shares of company stock valued at $109,498,489 in the last quarter. 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.