Wealthcare Capital Partners LLC Acquires Shares of 208 Netflix, Inc. $NFLX

Wealthcare Capital Partners LLC purchased a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 208 shares of the Internet television network’s stock, valued at approximately $279,000.

A number of other large investors also recently made changes to their positions in NFLX. Halbert Hargrove Global Advisors LLC lifted its position in shares of Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock valued at $25,000 after purchasing an additional 13 shares in the last quarter. Flaharty Asset Management LLC purchased a new position in shares of Netflix in the first quarter worth about $37,000. Maseco LLP purchased a new position in shares of Netflix in the second quarter worth about $39,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Netflix in the first quarter worth about $42,000. Finally, 1248 Management LLC bought a new stake in Netflix during the first quarter valued at approximately $43,000. 80.93% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CFO Spencer Adam Neumann sold 2,601 shares of the business’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $1,162.40, for a total transaction of $3,023,402.40. Following the completion of the sale, the chief financial officer owned 3,691 shares of the company’s stock, valued at $4,290,418.40. The trade was a 41.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Theodore A. Sarandos sold 2,026 shares of the business’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total transaction 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 104,100 shares of company stock valued at $122,710,980 in the last 90 days. 1.37% of the stock is owned by insiders.

Netflix Price Performance

NFLX opened at $1,153.32 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. The stock has a market capitalization 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. The company’s 50-day simple moving average is $1,207.36 and its two-hundred day simple moving average is $1,160.35. Netflix, Inc. has a 52-week low of $677.88 and a 52-week high of $1,341.15.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping the consensus estimate of $7.07 by $0.12. The firm had revenue of $11.08 billion for the quarter, compared to analysts’ expectations of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. KeyCorp boosted their price objective on shares of Netflix from $1,070.00 to $1,390.00 and gave the stock an “overweight” rating in a report on Thursday, July 10th. BMO Capital Markets restated an “outperform” rating and issued a $1,425.00 price objective (up from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. Morgan Stanley restated an “equal weight” rating on shares of Netflix in a research report on Monday, July 21st. Weiss Ratings restated a “buy (b)” rating on shares of Netflix in a research report on Saturday, September 27th. Finally, Wall Street Zen lowered Netflix from a “buy” rating to a “hold” rating in a research report on Saturday. 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 assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,335.00.

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.