Carolina Wealth Advisors LLC Purchases 77 Shares of Netflix, Inc. $NFLX

Carolina Wealth Advisors LLC raised its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 385.0% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 97 shares of the Internet television network’s stock after purchasing an additional 77 shares during the quarter. Carolina Wealth Advisors LLC’s holdings in Netflix were worth $130,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Halbert Hargrove Global Advisors LLC lifted its position in Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock valued at $25,000 after acquiring an additional 13 shares in the last quarter. Maseco LLP bought a new position in shares of Netflix during the second quarter valued at $39,000. Ransom Advisory Ltd purchased a new stake in shares of Netflix during the second quarter valued at $47,000. Flaharty Asset Management LLC bought a new stake in Netflix in the 1st quarter worth about $37,000. Finally, Signature Resources Capital Management LLC raised its position in Netflix by 740.0% in the 2nd quarter. Signature Resources Capital Management LLC now owns 42 shares of the Internet television network’s stock worth $56,000 after buying an additional 37 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Theodore A. Sarandos sold 2,026 shares of Netflix 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 sale, the chief executive officer directly owned 15,168 shares of the company’s stock, valued at approximately $17,604,284.16. The trade was a 11.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory K. Peters sold 2,026 shares of the 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 directly owned 12,781 shares of the company’s stock, valued at approximately $14,793,240.64. The trade was a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 104,100 shares of company stock valued at $122,710,980. 1.37% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Netflix in a report on Saturday, September 27th. TD Cowen raised their target price 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. Citigroup reissued a “neutral” rating and set a $1,295.00 price target (up from $1,280.00) on shares of Netflix in a report on Friday. The Goldman Sachs Group dropped their price target on Netflix from $1,310.00 to $1,300.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 30th. Finally, Wells Fargo & Company upped their price objective on Netflix from $1,500.00 to $1,560.00 and gave the company an “overweight” rating in a research report on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,335.00.

Netflix Trading Down 0.8%

Netflix stock opened at $1,153.32 on Friday. Netflix, Inc. has a 1 year low of $677.88 and a 1 year high of $1,341.15. The firm’s 50 day moving average price is $1,207.36 and its 200-day moving average price is $1,160.35. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. The stock has a market cap of $490.08 billion, a P/E ratio of 49.14, a PEG ratio of 1.94 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share 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 analyst estimates of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. Netflix’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, equities analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.