Simplicity Wealth LLC Has $9.79 Million Holdings in Netflix, Inc. $NFLX

Simplicity Wealth LLC grew its holdings in Netflix, Inc. (NASDAQ:NFLX) by 98.8% during the 2nd quarter, Holdings Channel reports. The firm owned 7,307 shares of the Internet television network’s stock after purchasing an additional 3,632 shares during the period. Simplicity Wealth LLC’s holdings in Netflix were worth $9,785,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of NFLX. Brighton Jones LLC boosted its stake in Netflix by 5.0% during the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock worth $4,804,000 after acquiring an additional 257 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in Netflix by 16.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock worth $912,000 after acquiring an additional 144 shares during the last quarter. Vest Financial LLC boosted its stake in Netflix by 70.7% during the 1st quarter. Vest Financial LLC now owns 3,365 shares of the Internet television network’s stock worth $3,138,000 after acquiring an additional 1,394 shares during the last quarter. Sovereign Financial Group Inc. boosted its stake in Netflix by 103.4% during the 1st quarter. Sovereign Financial Group Inc. now owns 1,206 shares of the Internet television network’s stock worth $1,125,000 after acquiring an additional 613 shares during the last quarter. Finally, Pines Wealth Management LLC boosted its stake in Netflix by 15.9% during the 1st quarter. Pines Wealth Management LLC now owns 1,023 shares of the Internet television network’s stock worth $890,000 after acquiring an additional 140 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

NFLX has been the topic of several research analyst reports. Seaport Res Ptn downgraded shares of Netflix from a “strong-buy” rating to a “hold” rating in a report on Sunday, July 6th. Morgan Stanley restated an “equal weight” rating on shares of Netflix in a report on Monday, July 21st. 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 target price (up from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. Finally, JPMorgan Chase & Co. raised their target price on shares of Netflix from $1,230.00 to $1,300.00 and gave the stock a “neutral” rating in a report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,335.00.

Insider Buying and Selling at Netflix

In other Netflix news, insider Cletus R. Willems sold 238 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $1,153.52, for a total transaction of $274,537.76. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Theodore A. Sarandos sold 2,026 shares of the stock in a transaction that occurred on 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 in the company, valued at $17,604,284.16. The trade was a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 104,100 shares of company stock worth $122,710,980. Company insiders own 1.37% of the company’s stock.

Netflix Price Performance

NFLX stock 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 company’s 50-day moving average price is $1,207.36 and its two-hundred day moving average price is $1,160.35. 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 firm has a market cap of $490.08 billion, a P/E ratio of 49.14, a P/E/G ratio of 1.94 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.07 by $0.12. The company 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%.The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter last year, the company posted $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, analysts anticipate 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.