Netflix, Inc. $NFLX Shares Purchased by TruWealth Advisors LLC

TruWealth Advisors LLC increased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 5.4% during the second quarter, Holdings Channel reports. The fund owned 546 shares of the Internet television network’s stock after acquiring an additional 28 shares during the quarter. TruWealth Advisors LLC’s holdings in Netflix were worth $731,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. RB Capital Management LLC boosted its position in Netflix by 15.6% during the second quarter. RB Capital Management LLC now owns 2,345 shares of the Internet television network’s stock worth $3,141,000 after acquiring an additional 316 shares during the last quarter. RDA Financial Network acquired a new position in shares of Netflix in the 2nd quarter valued at $1,695,000. Lam Group Inc. acquired a new position in shares of Netflix in the 2nd quarter valued at $201,000. McLean Asset Management Corp boosted its holdings in shares of Netflix by 7.2% in the 2nd quarter. McLean Asset Management Corp now owns 475 shares of the Internet television network’s stock valued at $611,000 after purchasing an additional 32 shares during the last quarter. Finally, Trust Co of the South acquired a new position in shares of Netflix in the 2nd quarter valued at $224,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Trading Down 1.3%

NASDAQ NFLX opened at $1,188.44 on Friday. Netflix, Inc. has a one year low of $677.88 and a one year high of $1,341.15. The company has a 50-day simple moving average of $1,218.15 and a 200-day simple moving average of $1,132.43. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. The firm has a market capitalization of $505.00 billion, a PE ratio of 50.64, a price-to-earnings-growth ratio of 2.03 and a beta of 1.60.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS 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 during the quarter, compared to analyst estimates of $11.04 billion. During the same period in the previous year, the business posted $4.88 EPS. The company’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. On average, equities analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Ratings Changes

NFLX has been the topic of several recent research reports. Robert W. Baird lifted their target price on shares of Netflix from $1,300.00 to $1,500.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Zacks Research downgraded shares of Netflix from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. Jefferies Financial Group reissued a “buy” rating on shares of Netflix in a research report on Tuesday, August 12th. Pivotal Research reissued a “buy” rating on shares of Netflix in a research report on Thursday, July 10th. Finally, KeyCorp boosted their target price on shares of Netflix from $1,070.00 to $1,390.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,317.58.

Insider Activity

In other Netflix news, CFO Spencer Adam Neumann sold 2,601 shares of the business’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $1,162.40, for a total transaction of $3,023,402.40. Following the completion of the transaction, the chief financial officer directly owned 3,691 shares of the company’s stock, valued at $4,290,418.40. The trade was a 41.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Theodore A. Sarandos sold 2,026 shares of the business’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the transaction, the chief executive officer directly owned 15,168 shares of the company’s stock, valued at $17,604,284.16. The trade was a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 89,348 shares of company stock valued at $109,498,489. Company insiders own 1.37% of the company’s stock.

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.