Venturi Wealth Management LLC Grows Position in Netflix, Inc. $NFLX

Venturi Wealth Management LLC boosted its stake in Netflix, Inc. (NASDAQ:NFLX) by 3.7% in the second quarter, HoldingsChannel reports. The institutional investor owned 3,769 shares of the Internet television network’s stock after buying an additional 136 shares during the quarter. Venturi Wealth Management LLC’s holdings in Netflix were worth $5,047,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Halbert Hargrove Global Advisors LLC increased its position in shares of Netflix by 100.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock valued at $25,000 after purchasing an additional 13 shares during the last quarter. Flaharty Asset Management LLC purchased a new stake in shares of Netflix during the 1st quarter valued at $37,000. Maseco LLP purchased a new stake in shares of Netflix during the 2nd quarter valued at $39,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Netflix during the 1st quarter valued at $42,000. Finally, 1248 Management LLC purchased a new stake in shares of Netflix during the 1st quarter valued at $43,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Netflix

In other news, CFO Spencer Adam Neumann sold 2,601 shares of the business’s stock in a transaction dated Friday, August 1st. The stock was 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 owned 3,691 shares of the company’s stock, valued at approximately $4,290,418.40. The trade was a 41.34% 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 the SEC website. Also, insider David A. Hyman sold 424 shares of the business’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,158.67, for a total value of $491,276.08. Following the transaction, the insider directly owned 31,610 shares of the company’s stock, valued at $36,625,558.70. The trade was a 1.32% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 104,100 shares of company stock worth $122,710,980. 1.37% of the stock is owned by corporate insiders.

Netflix Stock Up 2.4%

NFLX stock opened at $1,191.06 on Wednesday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $506.12 billion, a PE ratio of 50.75, a PEG ratio of 1.96 and a beta of 1.59. Netflix, Inc. has a twelve month low of $677.88 and a twelve month high of $1,341.15. The stock has a 50-day simple moving average of $1,207.58 and a two-hundred day simple moving average of $1,163.42.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Citigroup reaffirmed a “neutral” rating and set a $1,295.00 target price (up from $1,280.00) on shares of Netflix in a research report on Friday. Wedbush reiterated an “outperform” rating and set a $1,500.00 price target (up previously from $1,400.00) on shares of Netflix in a research note on Monday, July 14th. Weiss Ratings reiterated a “buy (b)” rating on shares of Netflix in a research note on Saturday, September 27th. Itau BBA Securities initiated coverage on Netflix in a research note on Tuesday. They set an “outperform” rating and a $1,514.00 price target for the company. Finally, JPMorgan Chase & Co. increased their price target on Netflix from $1,230.00 to $1,300.00 and gave the stock a “neutral” rating in a research note on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and a consensus price target of $1,337.63.

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.