Netflix, Inc. $NFLX Shares Acquired by Total Clarity Wealth Management Inc.

Total Clarity Wealth Management Inc. lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 80.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 644 shares of the Internet television network’s stock after purchasing an additional 287 shares during the period. Total Clarity Wealth Management Inc.’s holdings in Netflix were worth $862,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in NFLX. Brighton Jones LLC increased its position in shares of 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 purchasing an additional 257 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of Netflix by 16.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock worth $912,000 after purchasing an additional 144 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Netflix by 17.6% during the first quarter. GAMMA Investing LLC now owns 9,475 shares of the Internet television network’s stock worth $8,836,000 after purchasing an additional 1,415 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Netflix by 28.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 91,054 shares of the Internet television network’s stock worth $84,909,000 after purchasing an additional 20,152 shares in the last quarter. Finally, Tcfg Wealth Management LLC increased its position in Netflix by 3.0% in the 1st 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 during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insiders Place Their Bets

In related 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 sale, 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 SEC, which is available at this hyperlink. Also, CFO Spencer Adam Neumann sold 2,600 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $1,172.51, for a total value of $3,048,526.00. Following the completion of the sale, the chief financial officer owned 3,691 shares in the company, valued at approximately $4,327,734.41. This represents a 41.33% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 104,100 shares of company stock worth $122,710,980. 1.37% of the stock is owned by insiders.

Netflix Stock Performance

NFLX opened at $1,220.08 on Monday. The stock has a market cap of $518.45 billion, a P/E ratio of 51.98, a P/E/G ratio of 2.05 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. The stock’s 50 day simple moving average is $1,210.84 and its 200 day simple moving average is $1,169.80. Netflix, Inc. has a 1-year low of $677.88 and a 1-year high of $1,341.15.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping analysts’ consensus estimates of $7.07 by $0.12. The business had revenue of $11.08 billion for the quarter, compared to analysts’ expectations of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The company’s revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, equities analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NFLX. Sanford C. Bernstein boosted their price target on Netflix from $1,200.00 to $1,390.00 and gave the company an “outperform” rating in a research report on Thursday, July 17th. Wall Street Zen cut Netflix from a “buy” rating to a “hold” rating in a research report on Saturday, October 4th. Itau BBA Securities initiated coverage on Netflix in a research report on Tuesday, October 7th. They issued an “outperform” rating and a $1,514.00 price target on the stock. Cowen reaffirmed a “buy” rating on shares of Netflix in a report on Tuesday, October 7th. Finally, TD Cowen lowered their price objective on Netflix from $1,450.00 to $1,425.00 and set a “buy” rating on the stock in a report on Tuesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Netflix presently has an average rating of “Moderate Buy” and an average price target of $1,337.63.

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.