Beaird Harris Wealth Management LLC Raises Stake in Netflix, Inc. $NFLX

Beaird Harris Wealth Management LLC lifted its stake in Netflix, Inc. (NASDAQ:NFLX) by 24.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 76 shares of the Internet television network’s stock after purchasing an additional 15 shares during the period. Beaird Harris Wealth Management LLC’s holdings in Netflix were worth $71,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Banque Transatlantique SA boosted its position in Netflix by 21,836.0% in the 1st quarter. Banque Transatlantique SA now owns 5,484 shares of the Internet television network’s stock valued at $4,726,000 after buying an additional 5,459 shares during the period. Alliancebernstein L.P. raised its stake in shares of Netflix by 1.0% during the first quarter. Alliancebernstein L.P. now owns 5,194,939 shares of the Internet television network’s stock valued at $4,844,436,000 after acquiring an additional 53,611 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Netflix by 8.1% in the first quarter. AQR Capital Management LLC now owns 283,596 shares of the Internet television network’s stock valued at $258,337,000 after purchasing an additional 21,267 shares during the period. Atalanta Sosnoff Capital LLC boosted its holdings in shares of Netflix by 18.6% in the first quarter. Atalanta Sosnoff Capital LLC now owns 130,703 shares of the Internet television network’s stock valued at $121,884,000 after purchasing an additional 20,454 shares during the period. Finally, Advisors Asset Management Inc. grew its stake in Netflix by 28.2% in the first quarter. Advisors Asset Management Inc. now owns 7,967 shares of the Internet television network’s stock worth $7,429,000 after purchasing an additional 1,754 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In related news, insider Cletus R. Willems sold 238 shares of the firm’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total transaction of $274,537.76. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Gregory K. Peters sold 2,026 shares of the company’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the completion of the transaction, the chief executive officer owned 12,781 shares of the company’s stock, valued at approximately $14,793,240.64. This trade represents a 13.68% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 93,629 shares of company stock worth $116,131,982. 1.37% of the stock is currently owned by insiders.

Netflix Stock Up 0.5%

NFLX stock opened at $1,214.11 on Wednesday. The firm’s fifty day simple moving average is $1,228.91 and its 200-day simple moving average is $1,120.25. The company has a market capitalization of $515.91 billion, a P/E ratio of 51.73, a price-to-earnings-growth ratio of 2.03 and a beta of 1.60. 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, Inc. has a 12 month low of $660.80 and a 12 month high of $1,341.15.

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on NFLX. Seaport Res Ptn lowered Netflix from a “strong-buy” rating to a “hold” rating in a research report on Sunday, July 6th. The Goldman Sachs Group raised their price target on Netflix from $1,000.00 to $1,140.00 and gave the company a “neutral” rating in a research note on Wednesday, July 2nd. TD Cowen upped their price objective on shares of Netflix from $1,440.00 to $1,450.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Phillip Securities cut shares of Netflix from a “hold” rating to a “strong sell” rating in a report on Monday, July 21st. Finally, Wedbush restated an “outperform” rating and issued a $1,500.00 price target (up previously from $1,400.00) on shares of Netflix in a report on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $1,297.66.

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.