Fulcrum Capital LLC Has $15.33 Million Holdings in Netflix, Inc. $NFLX

Fulcrum Capital LLC lifted its stake in Netflix, Inc. (NASDAQ:NFLX) by 0.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,445 shares of the Internet television network’s stock after buying an additional 71 shares during the period. Netflix makes up approximately 3.2% of Fulcrum Capital LLC’s investment portfolio, making the stock its 8th biggest position. Fulcrum Capital LLC’s holdings in Netflix were worth $15,326,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Fischer Investment Strategies LLC bought a new stake in Netflix during the second quarter worth $202,000. DSM Capital Partners LLC lifted its stake in Netflix by 158.0% during the second quarter. DSM Capital Partners LLC now owns 83,175 shares of the Internet television network’s stock worth $111,382,000 after purchasing an additional 50,931 shares during the last quarter. Lindenwold Advisors INC bought a new stake in Netflix during the second quarter worth $1,346,000. Trust Co. of Toledo NA OH lifted its stake in Netflix by 12.7% during the second quarter. Trust Co. of Toledo NA OH now owns 2,949 shares of the Internet television network’s stock worth $3,949,000 after purchasing an additional 332 shares during the last quarter. Finally, SLT Holdings LLC lifted its stake in Netflix by 48.7% during the second quarter. SLT Holdings LLC now owns 455 shares of the Internet television network’s stock worth $609,000 after purchasing an additional 149 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on NFLX. Wall Street Zen cut Netflix from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Canaccord Genuity Group restated a “buy” rating on shares of Netflix in a research note on Thursday, July 10th. The Goldman Sachs Group cut their target price on Netflix from $1,310.00 to $1,300.00 and set a “neutral” rating for the company in a research note on Tuesday, September 30th. Robert W. Baird upped their target price on Netflix from $1,300.00 to $1,500.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. Finally, Morgan Stanley restated an “equal weight” rating on shares of Netflix in a research note on Monday, July 21st. Two analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,337.63.

Netflix Stock Down 0.9%

Shares of NFLX opened at $1,220.08 on Friday. Netflix, Inc. has a 52 week low of $677.88 and a 52 week high of $1,341.15. The stock has a market capitalization of $518.45 billion, a price-to-earnings ratio of 51.98, a PEG ratio of 2.07 and a beta of 1.59. 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 fifty day moving average of $1,210.84 and a 200-day moving average of $1,167.10.

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

Insider Buying and Selling at Netflix

In related news, CFO Spencer Adam Neumann sold 2,601 shares of the firm’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $1,162.40, for a total transaction of $3,023,402.40. Following the completion of the transaction, the chief financial officer directly owned 3,691 shares of the company’s stock, valued at $4,290,418.40. This trade represents a 41.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Reed Hastings sold 42,176 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the transaction, the director directly owned 394 shares of the company’s stock, valued at approximately $461,736.48. This represents a 99.07% 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 over the last 90 days. Company insiders own 1.37% of the company’s stock.

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.