Cypress Point Wealth Management LLC Buys 11 Shares of Netflix, Inc. $NFLX

Cypress Point Wealth Management LLC boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 386 shares of the Internet television network’s stock after buying an additional 11 shares during the quarter. Cypress Point Wealth Management LLC’s holdings in Netflix were worth $517,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of NFLX. Bath Savings Trust Co boosted its position in Netflix by 12.6% during the 2nd quarter. Bath Savings Trust Co now owns 535 shares of the Internet television network’s stock valued at $716,000 after acquiring an additional 60 shares in the last quarter. High Net Worth Advisory Group LLC raised its stake in shares of Netflix by 13.0% during the 2nd quarter. High Net Worth Advisory Group LLC now owns 488 shares of the Internet television network’s stock worth $653,000 after acquiring an additional 56 shares in the last quarter. RFG Holdings Inc. raised its stake in shares of Netflix by 10.2% during the 2nd quarter. RFG Holdings Inc. now owns 1,440 shares of the Internet television network’s stock worth $1,928,000 after acquiring an additional 133 shares in the last quarter. Wedmont Private Capital raised its stake in shares of Netflix by 3.3% during the 2nd quarter. Wedmont Private Capital now owns 10,192 shares of the Internet television network’s stock worth $13,130,000 after acquiring an additional 321 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Netflix by 3.7% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 56,642 shares of the Internet television network’s stock worth $75,851,000 after acquiring an additional 2,004 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

NASDAQ:NFLX opened at $1,228.50 on Thursday. 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 company has a fifty day moving average of $1,213.71 and a two-hundred day moving average of $1,136.26. The stock has a market capitalization of $522.02 billion, a PE ratio of 52.34, a P/E/G ratio of 2.02 and a beta of 1.60. Netflix, Inc. has a fifty-two week low of $677.88 and a fifty-two week high of $1,341.15.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping analysts’ consensus estimates of $7.07 by $0.12. The company had revenue of $11.08 billion during the quarter, compared to analysts’ expectations of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the prior year, the business posted $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Gregory K. Peters sold 2,026 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the completion of the sale, the chief executive officer directly owned 12,781 shares in the company, valued at $14,793,240.64. This represents a 13.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Cletus R. Willems sold 238 shares of the stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total transaction of $274,537.76. The disclosure for this sale can be found here. Over the last three months, insiders sold 89,348 shares of company stock valued at $109,498,489. Corporate insiders own 1.37% of the company’s stock.

Analyst Upgrades and Downgrades

NFLX has been the subject of several recent analyst reports. Jefferies Financial Group reiterated a “buy” rating on shares of Netflix in a research note on Thursday, September 11th. The Goldman Sachs Group boosted 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. Morgan Stanley reissued an “equal weight” rating on shares of Netflix in a research report on Monday, July 21st. Needham & Company LLC reissued a “buy” rating and set a $1,500.00 target price on shares of Netflix in a research report on Wednesday, September 10th. Finally, Pivotal Research reissued a “buy” rating on shares of Netflix in a research report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $1,328.87.

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.