Masso Torrence Wealth Management Inc. Boosts Stock Position in Netflix, Inc. $NFLX

Masso Torrence Wealth Management Inc. grew its stake in Netflix, Inc. (NASDAQ:NFLX) by 3.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,913 shares of the Internet television network’s stock after purchasing an additional 66 shares during the period. Netflix makes up about 1.2% of Masso Torrence Wealth Management Inc.’s holdings, making the stock its 23rd largest holding. Masso Torrence Wealth Management Inc.’s holdings in Netflix were worth $2,562,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Fullcircle Wealth LLC grew its position in shares of Netflix by 2.5% in the first 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 in the last quarter. Capital Analysts LLC lifted its holdings in Netflix by 0.3% in the first quarter. Capital Analysts LLC now owns 2,620 shares of the Internet television network’s stock valued at $2,443,000 after acquiring an additional 9 shares during the last quarter. Enterprise Financial Services Corp lifted its holdings 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 acquiring an additional 9 shares during the last quarter. Sunpointe LLC lifted its holdings in Netflix by 1.4% in the second quarter. Sunpointe LLC now owns 644 shares of the Internet television network’s stock valued at $862,000 after acquiring an additional 9 shares during the last quarter. Finally, Deane Retirement Strategies Inc. lifted its holdings in Netflix by 0.3% in the second quarter. Deane Retirement Strategies Inc. now owns 3,440 shares of the Internet television network’s stock valued at $4,604,000 after acquiring an additional 9 shares during the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Stock Up 1.6%

Shares of NASDAQ NFLX opened at $1,226.97 on Monday. The stock has a market cap of $521.38 billion, a PE ratio of 52.28, a price-to-earnings-growth ratio of 2.07 and a beta of 1.60. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 52-week low of $677.88 and a 52-week high of $1,341.15. The business has a 50-day moving average price of $1,212.49 and a 200 day moving average price of $1,142.30.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same quarter last year, the company posted $4.88 earnings per share. The business’s 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. 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 research analysts recently commented on the company. Zacks Research cut Netflix from a “strong-buy” rating to a “hold” rating in a report on Monday, September 1st. Wedbush reiterated an “outperform” rating and issued a $1,500.00 price objective (up from $1,400.00) on shares of Netflix in a report on Monday, July 14th. Barclays reiterated a “sell” rating and issued a $1,100.00 price objective (up from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. Piper Sandler upped their price target on Netflix from $1,400.00 to $1,500.00 and gave the stock an “overweight” rating in a research note on Friday, July 18th. Finally, The Goldman Sachs Group upped their price target on Netflix from $1,000.00 to $1,140.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued 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 company presently has a consensus rating of “Moderate Buy” and an average price target of $1,328.87.

Insider Buying and Selling

In related news, CEO Theodore A. Sarandos 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 $1,160.62, for a total transaction of $2,351,416.12. Following the transaction, the chief executive officer owned 15,168 shares of the company’s stock, valued at $17,604,284.16. This trade represents a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of the firm’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $1,162.40, for a total value of $3,023,402.40. Following the transaction, the chief financial officer directly owned 3,691 shares in the company, valued at approximately $4,290,418.40. This represents a 41.34% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 89,348 shares of company stock worth $109,498,489. Corporate 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.