ORG Wealth Partners LLC Has $1.57 Million Position in Netflix, Inc. $NFLX

ORG Wealth Partners LLC boosted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 13.0% during the second quarter, HoldingsChannel.com reports. The fund owned 1,211 shares of the Internet television network’s stock after purchasing an additional 139 shares during the period. ORG Wealth Partners LLC’s holdings in Netflix were worth $1,567,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Brown Lisle Cummings Inc. boosted its holdings in Netflix by 3.1% during the second quarter. Brown Lisle Cummings Inc. now owns 4,298 shares of the Internet television network’s stock valued at $5,756,000 after purchasing an additional 130 shares in the last quarter. West Branch Capital LLC grew its position in Netflix by 8.4% in the second quarter. West Branch Capital LLC now owns 2,711 shares of the Internet television network’s stock valued at $3,631,000 after acquiring an additional 210 shares during the period. Encompass Wealth Advisors LLC acquired a new position in Netflix during the second quarter worth $273,000. Signaturefd LLC lifted its holdings in shares of Netflix by 4.1% during the second quarter. Signaturefd LLC now owns 13,034 shares of the Internet television network’s stock valued at $17,454,000 after acquiring an additional 512 shares during the period. Finally, ORG Partners LLC boosted its stake in shares of Netflix by 72.9% in the 2nd quarter. ORG Partners LLC now owns 415 shares of the Internet television network’s stock valued at $537,000 after purchasing an additional 175 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Rosenblatt Securities lifted their price objective on Netflix from $1,514.00 to $1,515.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Oppenheimer upped their price objective on shares of Netflix from $1,200.00 to $1,425.00 and gave the company an “outperform” rating in a research report on Thursday, June 12th. Bank of America boosted their price objective on shares of Netflix from $1,175.00 to $1,490.00 and gave the company a “buy” rating in a research report on Friday, May 30th. BMO Capital Markets reiterated an “outperform” rating and set a $1,425.00 price target (up previously from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. Finally, 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 report on Wednesday, July 2nd. One 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,328.87.

Netflix Trading Up 0.2%

Shares of NFLX opened at $1,210.61 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. Netflix, Inc. has a 52-week low of $677.88 and a 52-week high of $1,341.15. The firm has a market cap of $514.42 billion, a price-to-earnings ratio of 51.58, a PEG ratio of 2.03 and a beta of 1.60. The business’s fifty day moving average is $1,208.75 and its 200-day moving average is $1,150.10.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating the consensus estimate of $7.07 by $0.12. The business had revenue of $11.08 billion for 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%.Netflix’s revenue was up 15.9% compared to the same quarter last year. During the same period last year, the firm posted $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Equities analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Activity at Netflix

In other Netflix news, CEO Theodore A. Sarandos sold 2,026 shares of the company’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 in the company, valued at approximately $17,604,284.16. This represents a 11.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 completion of the sale, the director owned 394 shares of the company’s stock, valued at $475,837.74. The trade was a 98.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 88,728 shares of company stock worth $108,700,648 over the last 90 days. 1.37% of the stock is currently owned by company insiders.

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.