Netflix, Inc. $NFLX Stock Holdings Boosted by NRI Wealth Management LC

NRI Wealth Management LC raised its holdings in Netflix, Inc. (NASDAQ:NFLX) by 1.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,858 shares of the Internet television network’s stock after purchasing an additional 61 shares during the period. Netflix comprises 3.1% of NRI Wealth Management LC’s holdings, making the stock its 9th largest position. NRI Wealth Management LC’s holdings in Netflix were worth $5,166,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in NFLX. Optima Capital LLC lifted its position in Netflix by 3.5% during the 2nd quarter. Optima Capital LLC now owns 239 shares of the Internet television network’s stock worth $320,000 after acquiring an additional 8 shares during the period. Unified Investment Management raised its stake in shares of Netflix by 1.7% during the second quarter. Unified Investment Management now owns 474 shares of the Internet television network’s stock worth $635,000 after purchasing an additional 8 shares during the last quarter. Plancorp LLC lifted its holdings in shares of Netflix by 0.6% during the second quarter. Plancorp LLC now owns 1,278 shares of the Internet television network’s stock worth $1,711,000 after purchasing an additional 8 shares during the period. Five Oceans Advisors grew its position in Netflix by 1.1% in the 2nd quarter. Five Oceans Advisors now owns 751 shares of the Internet television network’s stock valued at $1,006,000 after buying an additional 8 shares during the last quarter. Finally, Old Port Advisors increased its stake in Netflix by 1.3% in the 2nd quarter. Old Port Advisors now owns 624 shares of the Internet television network’s stock valued at $836,000 after buying an additional 8 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Stock Performance

Shares of NFLX opened at $1,170.90 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 market cap of $497.55 billion, a P/E ratio of 49.89, a PEG ratio of 2.02 and a beta of 1.59. 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 company has a 50-day moving average of $1,208.27 and a two-hundred day moving average of $1,155.95.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results 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 net margin of 24.58% and a return on equity of 42.50%. The business had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same period in the prior year, the business earned $4.88 earnings per share. The company’s quarterly revenue was up 15.9% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, research analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on NFLX shares. Morgan Stanley restated an “equal weight” rating on shares of Netflix in a research note on Monday, July 21st. Pivotal Research restated a “buy” rating on shares of Netflix in a research report on Thursday, July 10th. Loop Capital raised 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 report on Wednesday, September 17th. Barclays reissued a “sell” rating and set a $1,100.00 target price (up from $1,000.00) on shares of Netflix in a research note on Wednesday, July 9th. Finally, JPMorgan Chase & Co. lifted their price target on Netflix from $1,230.00 to $1,300.00 and gave the company a “neutral” rating in a research note on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,334.03.

Insider Buying and Selling

In other news, CEO Gregory K. Peters sold 2,026 shares of the company’s stock in a transaction on 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 sale, the chief executive officer directly owned 12,781 shares in the company, valued at $14,793,240.64. This represents a 13.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Reed Hastings sold 25,959 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $1,207.71, for a total value of $31,350,943.89. Following the sale, the director directly owned 394 shares in the company, valued at approximately $475,837.74. The trade was a 98.50% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 59,324 shares of company stock valued at $70,235,556. Company insiders own 1.37% of the company’s stock.

About Netflix

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.