QTR Family Wealth LLC Has $1.42 Million Stock Holdings in Netflix, Inc. $NFLX

QTR Family Wealth LLC decreased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,061 shares of the Internet television network’s stock after selling 28 shares during the quarter. QTR Family Wealth LLC’s holdings in Netflix were worth $1,421,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Ninety One SA PTY Ltd acquired a new position in Netflix during the 2nd quarter worth $16,836,000. Bartlett & CO. Wealth Management LLC lifted its holdings in Netflix by 52.5% during the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 485 shares of the Internet television network’s stock worth $649,000 after buying an additional 167 shares in the last quarter. Magnolia Private Wealth LLC lifted its holdings in Netflix by 2.1% during the 2nd quarter. Magnolia Private Wealth LLC now owns 534 shares of the Internet television network’s stock worth $715,000 after buying an additional 11 shares in the last quarter. Panoramic Capital Partners LLC acquired a new position in Netflix during the 2nd quarter worth $304,000. Finally, Childress Capital Advisors LLC lifted its holdings in Netflix by 6.8% during the 2nd quarter. Childress Capital Advisors LLC now owns 1,780 shares of the Internet television network’s stock worth $2,383,000 after buying an additional 114 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on NFLX shares. Wells Fargo & Company upped their price objective on Netflix from $1,500.00 to $1,560.00 and gave the stock an “overweight” rating in a report on Friday, July 18th. Needham & Company LLC reissued a “buy” rating and issued a $1,500.00 price target on shares of Netflix in a research note on Wednesday, September 10th. JPMorgan Chase & Co. increased 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. Loop Capital raised Netflix from a “hold” rating to a “buy” rating and increased their price target for the company from $1,150.00 to $1,350.00 in a research note on Wednesday, September 17th. Finally, Oppenheimer increased their price target on Netflix from $1,200.00 to $1,425.00 and gave the company an “outperform” rating in a research note on Thursday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,334.03.

Netflix Price Performance

NFLX opened at $1,198.92 on Wednesday. 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 12 month low of $677.88 and a 12 month high of $1,341.15. The company has a fifty day simple moving average of $1,208.39 and a 200 day simple moving average of $1,155.85. The stock has a market cap of $509.46 billion, a P/E ratio of 51.08, a P/E/G ratio of 2.03 and a beta of 1.60.

Netflix (NASDAQ:NFLX) last released its 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. The firm 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 was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, research analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Activity

In other Netflix news, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $1,162.40, for a total transaction of $3,023,402.40. Following the completion of the transaction, the chief financial officer owned 3,691 shares in the company, valued at approximately $4,290,418.40. This represents a 41.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Theodore A. Sarandos sold 2,026 shares of the stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the transaction, the chief executive officer 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 59,324 shares of company stock worth $70,235,556. 1.37% of the stock is currently owned by insiders.

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.