Tyche Wealth Partners LLC Has $4.12 Million Stock Position in Netflix, Inc. $NFLX

Tyche Wealth Partners LLC decreased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.4% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 3,074 shares of the Internet television network’s stock after selling 74 shares during the period. Netflix makes up 0.8% of Tyche Wealth Partners LLC’s holdings, making the stock its 26th biggest holding. Tyche Wealth Partners LLC’s holdings in Netflix were worth $4,117,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Brighton Jones LLC raised its holdings 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 purchasing an additional 257 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings 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 purchasing an additional 144 shares during the last quarter. Patriot Financial Group Insurance Agency LLC raised its holdings in Netflix by 7.5% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 1,623 shares of the Internet television network’s stock worth $1,513,000 after purchasing an additional 113 shares during the last quarter. Wedge Capital Management L L P NC bought a new stake in Netflix during the 1st quarter worth about $214,000. Finally, Capital Investment Advisors LLC raised its holdings in Netflix by 77.5% during the 1st quarter. Capital Investment Advisors LLC now owns 3,904 shares of the Internet television network’s stock worth $3,640,000 after purchasing an additional 1,705 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Price Performance

Shares of NFLX opened at $1,163.31 on Tuesday. 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 50 day simple moving average of $1,207.13 and a 200 day simple moving average of $1,163.23. Netflix, Inc. has a 52-week low of $677.88 and a 52-week high of $1,341.15. The firm has a market capitalization of $494.33 billion, a PE ratio of 49.57, a P/E/G ratio of 1.94 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data 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. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The business had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. During the same period in the previous year, the firm earned $4.88 EPS. Netflix’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. Sell-side analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Spencer Adam Neumann sold 2,601 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $1,162.40, for a total value of $3,023,402.40. Following the completion of the transaction, the chief financial officer directly owned 3,691 shares in the company, valued at approximately $4,290,418.40. The trade was a 41.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David A. Hyman sold 424 shares of the business’s stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total value of $491,276.08. Following the completion of the transaction, the insider owned 31,610 shares of the company’s stock, valued at $36,625,558.70. This represents a 1.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,100 shares of company stock worth $122,710,980 in the last three months. 1.37% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

NFLX has been the subject of several recent research reports. Loop Capital raised Netflix from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $1,150.00 to $1,350.00 in a report on Wednesday, September 17th. Canaccord Genuity Group reissued a “buy” rating on shares of Netflix in a report on Thursday, July 10th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $1,425.00 price target (up from $1,200.00) on shares of Netflix in a research note on Tuesday, July 15th. Citigroup reaffirmed a “neutral” rating and issued a $1,295.00 price target (up from $1,280.00) on shares of Netflix in a research note on Friday. Finally, Seaport Res Ptn cut Netflix from a “strong-buy” rating to a “hold” rating in a research note on Sunday, July 6th. One analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and an average price target of $1,335.00.

About Netflix

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.