Eads & Heald Wealth Management Has $3.47 Million Position in Netflix, Inc. $NFLX

Eads & Heald Wealth Management trimmed its position in Netflix, Inc. (NASDAQ:NFLX) by 15.4% during the second quarter, Holdings Channel reports. The firm owned 2,592 shares of the Internet television network’s stock after selling 471 shares during the quarter. Netflix makes up approximately 1.7% of Eads & Heald Wealth Management’s portfolio, making the stock its 7th largest holding. Eads & Heald Wealth Management’s holdings in Netflix were worth $3,471,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in NFLX. Halbert Hargrove Global Advisors LLC grew its holdings in shares of Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock worth $25,000 after purchasing an additional 13 shares during the last quarter. Maseco LLP acquired a new position in Netflix in the 2nd quarter valued at approximately $39,000. Ransom Advisory Ltd bought a new position in shares of Netflix during the second quarter valued at $47,000. Flaharty Asset Management LLC acquired a new position in shares of Netflix during the first quarter worth $37,000. Finally, Signature Resources Capital Management LLC grew its stake in shares of Netflix by 740.0% in the second quarter. Signature Resources Capital Management LLC now owns 42 shares of the Internet television network’s stock worth $56,000 after purchasing an additional 37 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Insider Activity at Netflix

In related news, Director Reed Hastings sold 42,176 shares of the company’s stock in a transaction that occurred 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 sale, the director owned 394 shares in the company, valued at $461,736.48. This represents a 99.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $1,162.40, for a total transaction of $3,023,402.40. Following the transaction, the chief financial officer owned 3,691 shares in the company, valued at approximately $4,290,418.40. This trade represents a 41.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,100 shares of company stock valued at $122,710,980 over the last three months. Corporate insiders own 1.37% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on NFLX. Pivotal Research reaffirmed a “buy” rating on shares of Netflix in a research report on Thursday, July 10th. Seaport Res Ptn downgraded shares of Netflix from a “strong-buy” rating to a “hold” rating in a research report on Sunday, July 6th. Wedbush restated an “outperform” rating and set a $1,500.00 price target (up previously from $1,400.00) on shares of Netflix in a report on Monday, July 14th. Zacks Research lowered shares of Netflix from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 1st. Finally, TD Cowen lifted their target price on shares of Netflix from $1,440.00 to $1,450.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $1,335.00.

Netflix Stock Down 0.8%

Shares of NASDAQ NFLX opened at $1,153.32 on Monday. The business’s fifty day moving average price is $1,207.36 and its 200-day moving average price is $1,161.81. Netflix, Inc. has a one year low of $677.88 and a one year high of $1,341.15. The stock has a market capitalization of $490.08 billion, a PE ratio of 49.14, a P/E/G ratio of 1.94 and a beta of 1.59. 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 (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating the consensus estimate of $7.07 by $0.12. The company had revenue of $11.08 billion during the quarter, compared to analysts’ expectations of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. Netflix’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, equities research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

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.