High Net Worth Advisory Group LLC Buys 56 Shares of Netflix, Inc. $NFLX

High Net Worth Advisory Group LLC lifted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 13.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 488 shares of the Internet television network’s stock after buying an additional 56 shares during the quarter. High Net Worth Advisory Group LLC’s holdings in Netflix were worth $653,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of NFLX. Halbert Hargrove Global Advisors LLC raised 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 worth $25,000 after buying an additional 13 shares during the period. Brown Shipley& Co Ltd purchased a new stake in shares of Netflix in the fourth quarter worth approximately $27,000. Copia Wealth Management purchased a new stake in shares of Netflix in the fourth quarter worth approximately $37,000. Flaharty Asset Management LLC purchased a new stake in shares of Netflix in the first quarter worth approximately $37,000. Finally, Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Netflix in the first quarter worth approximately $42,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NFLX. UBS Group reiterated a “market underperform” rating on shares of Netflix in a report on Saturday, July 19th. Zacks Research cut Netflix from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 1st. Sanford C. Bernstein increased their price objective on Netflix from $1,200.00 to $1,390.00 and gave the stock an “outperform” rating in a research note on Thursday, July 17th. Robert W. Baird increased their price objective on Netflix from $1,300.00 to $1,500.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. Finally, Seaport Res Ptn cut Netflix from a “strong-buy” rating to a “hold” rating in a research note on Sunday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,328.87.

Netflix Stock Performance

Shares of NFLX opened at $1,228.50 on Thursday. Netflix, Inc. has a 12 month low of $677.88 and a 12 month high of $1,341.15. The stock has a fifty day moving average price of $1,213.71 and a 200-day moving average price of $1,136.26. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The firm has a market cap 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 (NASDAQ:NFLX) last issued its quarterly earnings data 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 return on equity of 42.50% and a net margin of 24.58%.The firm had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. During the same quarter in the prior year, the business posted $4.88 EPS. The business’s revenue for the quarter 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. Equities research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Spencer Adam Neumann sold 2,600 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $1,207.76, for a total transaction of $3,140,176.00. Following the completion of the sale, the chief financial officer owned 3,691 shares in the company, valued at approximately $4,457,842.16. This represents a 41.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Cletus R. Willems sold 238 shares of the stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total value of $274,537.76. The disclosure for this sale can be found here. In the last 90 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 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.