Belpointe Asset Management LLC Acquires 1,107 Shares of Netflix, Inc. $NFLX

Belpointe Asset Management LLC lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 11.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,000 shares of the Internet television network’s stock after buying an additional 1,107 shares during the period. Netflix comprises 0.6% of Belpointe Asset Management LLC’s holdings, making the stock its 29th largest position. Belpointe Asset Management LLC’s holdings in Netflix were worth $14,731,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Valley National Advisers Inc. boosted its holdings in shares of Netflix by 16.2% in the 2nd quarter. Valley National Advisers Inc. now owns 129 shares of the Internet television network’s stock valued at $172,000 after buying an additional 18 shares during the last quarter. Fishman Jay A Ltd. MI bought a new stake in Netflix during the second quarter worth $233,000. Chung Wu Investment Group LLC lifted its stake in Netflix by 8.5% in the second quarter. Chung Wu Investment Group LLC now owns 700 shares of the Internet television network’s stock valued at $937,000 after acquiring an additional 55 shares during the last quarter. Sendero Wealth Management LLC grew its position in shares of Netflix by 149.8% in the 2nd quarter. Sendero Wealth Management LLC now owns 2,101 shares of the Internet television network’s stock valued at $2,814,000 after acquiring an additional 1,260 shares during the period. Finally, DAVENPORT & Co LLC increased its stake in shares of Netflix by 8.2% during the 2nd quarter. DAVENPORT & Co LLC now owns 15,335 shares of the Internet television network’s stock worth $20,535,000 after purchasing an additional 1,159 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on NFLX. Rosenblatt Securities boosted their price target on Netflix from $1,514.00 to $1,515.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. UBS Group reiterated a “market underperform” rating on shares of Netflix in a research note on Saturday, July 19th. TD Cowen boosted their target price on Netflix from $1,440.00 to $1,450.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Wells Fargo & Company raised their price target on Netflix from $1,500.00 to $1,560.00 and gave the company an “overweight” rating in a report on Friday, July 18th. Finally, The Goldman Sachs Group reduced their price objective on shares of Netflix from $1,310.00 to $1,300.00 and set a “neutral” rating for the company in a research report on Tuesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,335.00.

Netflix Stock Performance

Netflix stock opened at $1,153.32 on Monday. The business has a 50 day moving average of $1,207.36 and a 200-day moving average of $1,161.81. The company 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 1 year low of $677.88 and a 1 year high of $1,341.15. 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 (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 the consensus estimate 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%. Netflix’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the prior year, the company posted $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, equities research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Activity

In other news, CEO Gregory K. Peters sold 2,026 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The stock was 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 trade represents a 13.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Theodore A. Sarandos sold 2,026 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the transaction, the chief executive officer directly owned 15,168 shares in the company, valued at approximately $17,604,284.16. This trade represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 104,100 shares of company stock valued at $122,710,980. Corporate 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.