Wealthcare Capital Partners LLC Makes New Investment in Netflix, Inc. $NFLX

Wealthcare Capital Partners LLC bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the second quarter, HoldingsChannel.com reports. The firm bought 208 shares of the Internet television network’s stock, valued at approximately $279,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NFLX. Halbert Hargrove Global Advisors LLC raised its stake in Netflix by 100.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock worth $25,000 after acquiring an additional 13 shares during the period. Flaharty Asset Management LLC bought a new stake in Netflix during the 1st quarter worth approximately $37,000. Maseco LLP bought a new stake in Netflix during the 2nd quarter worth approximately $39,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Netflix during the first quarter valued at approximately $42,000. Finally, 1248 Management LLC bought a new stake in shares of Netflix during the first quarter valued at approximately $43,000. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Down 0.8%

Shares of NFLX opened at $1,153.32 on Friday. The firm has a market capitalization of $490.08 billion, a P/E ratio of 49.14, a P/E/G ratio of 1.94 and a beta of 1.59. Netflix, Inc. has a 12-month low of $677.88 and a 12-month high of $1,341.15. 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 fifty day moving average price of $1,207.36 and a 200-day moving average price of $1,160.35.

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on NFLX. Piper Sandler lifted their price objective on shares of Netflix from $1,400.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Friday, July 18th. BMO Capital Markets reiterated an “outperform” rating and set a $1,425.00 price objective (up previously from $1,200.00) on shares of Netflix in a research report on Tuesday, July 15th. Loop Capital upgraded shares of Netflix from a “hold” rating to a “buy” rating and lifted their price objective for the company from $1,150.00 to $1,350.00 in a research report on Wednesday, September 17th. Phillip Securities cut shares of Netflix from a “hold” rating to a “strong sell” rating in a research report on Monday, July 21st. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Netflix in a research report on Thursday, September 11th. One analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,335.00.

Insider Activity

In other news, CEO Theodore A. Sarandos sold 2,026 shares of the business’s stock in a transaction on 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 completion of the sale, the chief executive officer directly owned 15,168 shares of the company’s stock, valued at approximately $17,604,284.16. The trade was a 11.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Reed Hastings sold 42,176 shares of the business’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total transaction of $49,426,897.92. Following the sale, the director directly owned 394 shares of the company’s stock, valued at $461,736.48. This represents a 99.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 104,100 shares of company stock valued at $122,710,980. 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.