Montrusco Bolton Investments Inc. Boosts Stock Position in Netflix, Inc. $NFLX

Montrusco Bolton Investments Inc. boosted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 7.3% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 7,186 shares of the Internet television network’s stock after purchasing an additional 492 shares during the quarter. Montrusco Bolton Investments Inc.’s holdings in Netflix were worth $9,623,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of NFLX. Brighton Jones LLC increased its holdings in Netflix by 5.0% in the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock valued at $4,804,000 after buying an additional 257 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in Netflix by 16.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock valued at $912,000 after buying an additional 144 shares during the last quarter. GAMMA Investing LLC boosted its stake in Netflix by 17.6% in the first quarter. GAMMA Investing LLC now owns 9,475 shares of the Internet television network’s stock valued at $8,836,000 after acquiring an additional 1,415 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Netflix by 28.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 91,054 shares of the Internet television network’s stock valued at $84,909,000 after acquiring an additional 20,152 shares in the last quarter. Finally, Tcfg Wealth Management LLC boosted its stake in Netflix by 3.0% in the first quarter. Tcfg Wealth Management LLC now owns 442 shares of the Internet television network’s stock valued at $412,000 after acquiring an additional 13 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Transactions at Netflix

In related news, CEO Gregory K. Peters sold 2,026 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total value 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Spencer Adam Neumann sold 2,600 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $1,172.51, for a total transaction of $3,048,526.00. Following the completion of the sale, the chief financial officer owned 3,691 shares of the company’s stock, valued at approximately $4,327,734.41. The trade was a 41.33% 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 90 days. Insiders own 1.37% of the company’s stock.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $1,220.08 on Monday. 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 company has a market cap of $518.45 billion, a P/E ratio of 51.98, a PEG ratio of 2.05 and a beta of 1.59. Netflix, Inc. has a 52 week low of $677.88 and a 52 week high of $1,341.15. The company has a 50-day moving average price of $1,210.84 and a 200 day moving average price of $1,169.80.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data 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. The firm 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 firm’s revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the firm earned $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NFLX has been the subject of several research analyst reports. Piper Sandler upped their price objective on shares of Netflix from $1,400.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Friday, July 18th. Robert W. Baird upped their price objective on shares of Netflix from $1,300.00 to $1,500.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. Zacks Research downgraded shares of Netflix from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 1st. KeyCorp upped their price objective on shares of Netflix from $1,070.00 to $1,390.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. Finally, Citigroup restated a “neutral” rating and issued a $1,295.00 price objective (up previously from $1,280.00) on shares of Netflix in a research note on Friday, October 3rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eight have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and an average price target of $1,337.63.

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.