Woodward Diversified Capital LLC Boosts Stock Holdings in Netflix, Inc. $NFLX

Woodward Diversified Capital LLC lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 23.2% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,345 shares of the Internet television network’s stock after purchasing an additional 253 shares during the period. Netflix accounts for about 0.9% of Woodward Diversified Capital LLC’s investment portfolio, making the stock its 21st biggest holding. Woodward Diversified Capital LLC’s holdings in Netflix were worth $1,801,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in Netflix by 5.0% during the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock worth $4,804,000 after buying an additional 257 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Netflix by 16.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock valued at $912,000 after acquiring an additional 144 shares during the period. Capital Asset Advisory Services LLC boosted its stake in shares of Netflix by 59.4% during the 1st quarter. Capital Asset Advisory Services LLC now owns 601 shares of the Internet television network’s stock worth $562,000 after acquiring an additional 224 shares in the last quarter. Kwmg LLC acquired a new stake in shares of Netflix in the 1st quarter worth approximately $201,000. Finally, Hennion & Walsh Asset Management Inc. increased its stake in Netflix by 16.4% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 1,756 shares of the Internet television network’s stock valued at $1,638,000 after purchasing an additional 248 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Netflix news, CEO Theodore A. Sarandos sold 2,026 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the completion of the transaction, the chief executive officer owned 15,168 shares in the company, valued at $17,604,284.16. This represents a 11.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Reed Hastings sold 25,959 shares of the stock in a transaction that occurred on 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 completion of the sale, the director directly owned 394 shares of the company’s stock, valued at $475,837.74. This trade represents a 98.50% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 59,324 shares of company stock valued at $70,235,556. 1.37% of the stock is owned by insiders.

Analysts Set New Price Targets

NFLX has been the subject of a number of research analyst reports. The Goldman Sachs Group dropped their price target on Netflix from $1,310.00 to $1,300.00 and set a “neutral” rating for the company in a research report on Tuesday. Canaccord Genuity Group restated a “buy” rating on shares of Netflix in a report on Thursday, July 10th. Sanford C. Bernstein upped their price target on shares of Netflix from $1,200.00 to $1,390.00 and gave the company an “outperform” rating in a report on Thursday, July 17th. Loop Capital upgraded shares of Netflix from a “hold” rating to a “buy” rating and increased their price target for the company from $1,150.00 to $1,350.00 in a research report on Wednesday, September 17th. Finally, Wells Fargo & Company lifted their price objective on Netflix from $1,500.00 to $1,560.00 and gave the stock an “overweight” rating in a research 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 issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,334.03.

Netflix Trading Down 2.3%

Shares of NFLX stock opened at $1,170.90 on Thursday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a fifty-two week low of $677.88 and a fifty-two week high of $1,341.15. The firm’s 50 day moving average price is $1,208.27 and its two-hundred day moving average price is $1,155.95. The stock has a market cap of $497.55 billion, a price-to-earnings ratio of 49.89, a price-to-earnings-growth ratio of 2.02 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS 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 for the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter last year, the firm posted $4.88 EPS. The business’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. On average, analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

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.