Smith Salley Wealth Management Boosts Holdings in Netflix, Inc. $NFLX

Smith Salley Wealth Management raised its holdings in Netflix, Inc. (NASDAQ:NFLX) by 21.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 2,211 shares of the Internet television network’s stock after acquiring an additional 387 shares during the period. Smith Salley Wealth Management’s holdings in Netflix were worth $2,961,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Resurgent Financial Advisors LLC boosted its stake in shares of 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 acquiring an additional 708 shares in the last quarter. MRA Advisory Group boosted its stake in shares of 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 acquiring an additional 203 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of Netflix by 42.1% during 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 acquiring an additional 130,946 shares in the last quarter. McGlone Suttner Wealth Management Inc. boosted its stake in shares of Netflix by 1.4% during the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 989 shares of the Internet television network’s stock worth $1,324,000 after acquiring an additional 14 shares in the last quarter. Finally, New England Research & Management Inc. boosted its stake in shares of Netflix by 148.5% during 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 acquiring an additional 1,268 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Netflix

In other news, CEO Gregory K. Peters sold 2,026 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $14,793,240.64. This trade represents a 13.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Cletus R. Willems sold 238 shares of the firm’s 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 88,728 shares of company stock worth $108,700,648. Insiders own 1.37% of the company’s stock.

Netflix Stock Up 0.2%

Shares of NASDAQ NFLX opened at $1,210.61 on Monday. The company has a 50 day simple moving average of $1,208.75 and a 200-day simple moving average of $1,153.53. The company has a market capitalization of $514.42 billion, a P/E ratio of 51.58, a P/E/G ratio of 2.04 and a beta of 1.60. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. Netflix, Inc. has a 1 year low of $677.88 and a 1 year high of $1,341.15.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping 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 net margin of 24.58% and a return on equity of 42.50%. The business’s revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the firm earned $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, equities research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Wall Street Analyst Weigh In

NFLX has been the topic of several recent analyst reports. Oppenheimer increased their target price on shares of Netflix from $1,200.00 to $1,425.00 and gave the stock an “outperform” rating in a research note on Thursday, June 12th. The Goldman Sachs Group raised their price target on shares of Netflix from $1,000.00 to $1,140.00 and gave the company a “neutral” rating in a research note on Wednesday, July 2nd. JPMorgan Chase & Co. increased their price objective on shares of Netflix from $1,230.00 to $1,300.00 and gave the company a “neutral” rating in a report on Friday, July 18th. Jefferies Financial Group reiterated a “buy” rating on shares of Netflix in a report on Thursday, September 11th. Finally, Wells Fargo & Company increased their price objective on shares of Netflix from $1,500.00 to $1,560.00 and gave the company an “overweight” rating in a report on Friday, July 18th. One 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 issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,328.87.

Netflix 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.