160 Shares in Netflix, Inc. $NFLX Bought by RMG Wealth Management LLC

RMG Wealth Management LLC purchased a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 160 shares of the Internet television network’s stock, valued at approximately $214,000.

A number of other large investors have also added to or reduced their stakes in NFLX. Halbert Hargrove Global Advisors LLC boosted 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 period. Maseco LLP bought a new position in Netflix during the 2nd quarter valued at approximately $39,000. Ransom Advisory Ltd purchased a new stake in Netflix in the 2nd quarter worth approximately $47,000. Flaharty Asset Management LLC bought a new stake in shares of Netflix in the 1st quarter worth approximately $37,000. Finally, Signature Resources Capital Management LLC grew its position in shares of Netflix by 740.0% in the 2nd quarter. Signature Resources Capital Management LLC now owns 42 shares of the Internet television network’s stock worth $56,000 after buying an additional 37 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

Shares of NFLX opened at $1,163.31 on Tuesday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. The stock has a market cap of $494.33 billion, a P/E ratio of 49.57, a P/E/G ratio of 1.94 and a beta of 1.59. The business’s 50 day moving average price is $1,207.13 and its 200-day moving average price is $1,163.23. Netflix, Inc. has a 52 week low of $677.88 and a 52 week high of $1,341.15.

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. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The company had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. During the same quarter last year, the company earned $4.88 EPS. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Equities research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Transactions at Netflix

In related news, insider David A. Hyman sold 424 shares of the firm’s stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the completion of the sale, the insider owned 31,610 shares of the company’s stock, valued at $36,625,558.70. This trade represents a 1.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Theodore A. Sarandos sold 2,026 shares of Netflix stock in a transaction 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 sale, the chief executive officer directly owned 15,168 shares of the company’s stock, valued at approximately $17,604,284.16. The trade was a 11.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,100 shares of company stock worth $122,710,980 over the last quarter. Corporate insiders own 1.37% of the company’s stock.

Wall Street Analysts Forecast Growth

NFLX has been the subject of a number of recent analyst reports. Phillip Securities downgraded Netflix from a “hold” rating to a “strong sell” rating in a report on Monday, July 21st. Jefferies Financial Group reissued a “buy” rating on shares of Netflix in a research report on Thursday, September 11th. Wall Street Zen lowered shares of Netflix from a “buy” rating to a “hold” rating in a report on Saturday. Wells Fargo & Company lifted their target price on shares of Netflix from $1,500.00 to $1,560.00 and gave the company an “overweight” rating in a research note on Friday, July 18th. Finally, Sanford C. Bernstein boosted their price target on shares of Netflix from $1,200.00 to $1,390.00 and gave the company an “outperform” rating in a research report on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have issued 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 currently has an average rating of “Moderate Buy” and a consensus price target of $1,335.00.

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.