Moss Adams Wealth Advisors LLC Increases Holdings in Netflix, Inc. $NFLX

Moss Adams Wealth Advisors LLC increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 7.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,559 shares of the Internet television network’s stock after purchasing an additional 113 shares during the period. Moss Adams Wealth Advisors LLC’s holdings in Netflix were worth $2,088,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Resurgent Financial Advisors LLC boosted its position in Netflix by 234.4% during the 1st quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network’s stock worth $942,000 after purchasing an additional 708 shares during the period. MRA Advisory Group boosted its position in Netflix by 28.4% during the 2nd quarter. MRA Advisory Group now owns 919 shares of the Internet television network’s stock worth $1,231,000 after purchasing an additional 203 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Netflix by 42.1% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 441,861 shares of the Internet television network’s stock worth $412,059,000 after buying an additional 130,946 shares in the last quarter. McGlone Suttner Wealth Management Inc. lifted its holdings in Netflix by 1.4% in the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 989 shares of the Internet television network’s stock worth $1,324,000 after buying an additional 14 shares in the last quarter. Finally, New England Research & Management Inc. lifted its holdings in Netflix by 148.5% in the 1st quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network’s stock worth $1,979,000 after buying an additional 1,268 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Stock Performance

Shares of Netflix stock opened at $1,210.61 on Monday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. Netflix, Inc. has a 1 year low of $677.88 and a 1 year high of $1,341.15. The firm’s 50-day simple moving average is $1,208.75 and its 200-day simple moving average is $1,153.53. The firm has a market cap of $514.42 billion, a PE ratio of 51.58, a price-to-earnings-growth ratio of 2.04 and a beta of 1.60.

Netflix (NASDAQ:NFLX) last announced 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. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter in the prior year, the firm earned $4.88 EPS. The company’s revenue for the quarter 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. Equities analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In related news, CEO Gregory K. Peters sold 2,026 shares of the business’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the completion of the sale, the chief executive officer owned 12,781 shares of the company’s stock, valued at $14,793,240.64. This represents a 13.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Reed Hastings sold 25,959 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $1,207.71, for a total transaction of $31,350,943.89. Following the sale, the director directly owned 394 shares of the company’s stock, valued at approximately $475,837.74. This represents a 98.50% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 88,728 shares of company stock worth $108,700,648. 1.37% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on NFLX shares. Oppenheimer boosted their price objective on shares of Netflix from $1,200.00 to $1,425.00 and gave the stock an “outperform” rating in a report on Thursday, June 12th. Rosenblatt Securities boosted their price objective on shares of Netflix from $1,514.00 to $1,515.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Pivotal Research reiterated a “buy” rating on shares of Netflix in a report on Thursday, July 10th. Needham & Company LLC reiterated a “buy” rating and issued a $1,500.00 price objective on shares of Netflix in a report on Wednesday, September 10th. Finally, Robert W. Baird boosted their price objective on shares of Netflix from $1,300.00 to $1,500.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,328.87.

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.