Yoder Wealth Management Inc. Makes New Investment in Netflix, Inc. $NFLX

Yoder Wealth Management Inc. bought a new position in Netflix, Inc. (NASDAQ:NFLX) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 189 shares of the Internet television network’s stock, valued at approximately $253,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in NFLX. Brighton Jones LLC boosted its holdings in shares of Netflix by 5.0% in the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock worth $4,804,000 after buying an additional 257 shares during the period. Revolve Wealth Partners LLC boosted its holdings in shares of Netflix by 16.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock worth $912,000 after buying an additional 144 shares during the period. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Netflix by 16.4% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 1,756 shares of the Internet television network’s stock worth $1,638,000 after buying an additional 248 shares during the period. Matrix Trust Co boosted its holdings in shares of Netflix by 30.2% in the first quarter. Matrix Trust Co now owns 237 shares of the Internet television network’s stock worth $221,000 after buying an additional 55 shares during the period. Finally, Breakwater Capital Group boosted its holdings in shares of Netflix by 7.7% during the first quarter. Breakwater Capital Group now owns 589 shares of the Internet television network’s stock worth $549,000 after purchasing an additional 42 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Gregory K. Peters sold 2,026 shares of Netflix stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the transaction, the chief executive officer owned 12,781 shares of the company’s stock, valued at $14,793,240.64. This trade represents a 13.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Reed Hastings sold 42,176 shares of Netflix stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total transaction of $49,426,897.92. Following the completion of the transaction, the director directly owned 394 shares in the company, valued at approximately $461,736.48. This represents a 99.07% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 104,100 shares of company stock valued at $122,710,980. 1.37% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

NFLX has been the subject of several research reports. Canaccord Genuity Group restated a “buy” rating on shares of Netflix in a report on Thursday, July 10th. Barclays restated a “sell” rating and set a $1,100.00 price target (up from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. Seaport Res Ptn cut shares of Netflix from a “strong-buy” rating to a “hold” rating in a report on Sunday, July 6th. TD Cowen raised their price target on shares of Netflix from $1,440.00 to $1,450.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Finally, Robert W. Baird raised their price target on shares of Netflix from $1,300.00 to $1,500.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Netflix has an average rating of “Moderate Buy” and an average target price of $1,335.00.

Netflix Trading Down 0.8%

NASDAQ:NFLX opened at $1,153.32 on Friday. Netflix, Inc. has a 12 month low of $677.88 and a 12 month high of $1,341.15. The firm has a market cap of $490.08 billion, a price-to-earnings ratio of 49.14, a P/E/G ratio of 1.96 and a beta of 1.59. 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 company’s 50 day moving average is $1,207.36 and its 200-day moving average is $1,158.96.

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 analysts’ consensus estimates of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same quarter last year, the firm posted $4.88 earnings per share. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. 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 year.

Netflix 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.