Market Street Wealth Management Advisors LLC Buys Shares of 202 Netflix, Inc. $NFLX

Market Street Wealth Management Advisors LLC bought a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 202 shares of the Internet television network’s stock, valued at approximately $271,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Fullcircle Wealth LLC increased its position in Netflix by 2.5% during the 1st quarter. Fullcircle Wealth LLC now owns 369 shares of the Internet television network’s stock valued at $344,000 after purchasing an additional 9 shares during the period. Capital Analysts LLC increased its position in Netflix by 0.3% during the 1st quarter. Capital Analysts LLC now owns 2,620 shares of the Internet television network’s stock valued at $2,443,000 after purchasing an additional 9 shares during the period. Enterprise Financial Services Corp lifted its stake in Netflix by 1.8% in the first quarter. Enterprise Financial Services Corp now owns 505 shares of the Internet television network’s stock valued at $471,000 after buying an additional 9 shares during the period. Continuum Wealth Advisors LLC lifted its stake in Netflix by 4.4% in the first quarter. Continuum Wealth Advisors LLC now owns 235 shares of the Internet television network’s stock valued at $219,000 after buying an additional 10 shares during the period. Finally, Financial Enhancement Group LLC lifted its stake in Netflix by 2.5% in the first quarter. Financial Enhancement Group LLC now owns 412 shares of the Internet television network’s stock valued at $384,000 after buying an additional 10 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In related news, CEO Theodore A. Sarandos sold 2,026 shares of the firm’s stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the completion of the transaction, the chief executive officer directly owned 15,168 shares of the company’s stock, valued at approximately $17,604,284.16. This trade represents a 11.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gregory K. Peters 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 $1,157.44, for a total transaction 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 trade represents a 13.68% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 89,348 shares of company stock valued at $109,498,489 in the last quarter. Corporate insiders own 1.37% of the company’s stock.

Netflix Stock Performance

NFLX stock opened at $1,202.26 on Tuesday. 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 cap of $510.88 billion, a PE ratio of 51.23, a P/E/G ratio of 2.00 and a beta of 1.60. The business has a 50 day moving average of $1,216.40 and a 200-day moving average of $1,135.17. Netflix, Inc. has a 12-month low of $677.88 and a 12-month high of $1,341.15.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping analysts’ consensus estimates of $7.07 by $0.12. The company had revenue of $11.08 billion for 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 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, sell-side analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on NFLX. Wall Street Zen raised Netflix from a “hold” rating to a “buy” rating in a research note on Saturday. Pivotal Research reissued a “buy” rating on shares of Netflix in a research note on Thursday, July 10th. JPMorgan Chase & Co. raised their target price 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. Needham & Company LLC restated a “buy” rating and issued a $1,500.00 target price on shares of Netflix in a research note on Wednesday, September 10th. Finally, Loop Capital restated a “hold” rating on shares of Netflix in a research note on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,317.58.

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.