Whipplewood Advisors LLC Purchases 10 Shares of Netflix, Inc. $NFLX

Whipplewood Advisors LLC lifted its stake in Netflix, Inc. (NASDAQ:NFLX) by 1.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 525 shares of the Internet television network’s stock after acquiring an additional 10 shares during the period. Whipplewood Advisors LLC’s holdings in Netflix were worth $703,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Stephens Consulting LLC increased its position in shares of Netflix by 150.0% during the second quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock worth $33,000 after acquiring an additional 15 shares in the last quarter. Flaharty Asset Management LLC bought a new position in Netflix in the first quarter valued at about $37,000. Maseco LLP acquired a new position in shares of Netflix in the 2nd quarter valued at about $39,000. LGT Financial Advisors LLC acquired a new position in shares of Netflix during the second quarter worth approximately $40,000. Finally, Barnes Dennig Private Wealth Management LLC bought a new position in shares of Netflix during the first quarter valued at about $42,000. 80.93% of the stock is owned by institutional investors.

Insider Buying and Selling at Netflix

In other Netflix news, Director Reed Hastings sold 42,176 shares of the stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the completion of the transaction, the director directly owned 394 shares of the company’s stock, valued at approximately $461,736.48. This trade represents a 99.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $1,162.40, for a total value of $3,023,402.40. Following the completion of the sale, the chief financial officer owned 3,691 shares of the company’s stock, valued at $4,290,418.40. This trade represents a 41.34% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 104,100 shares of company stock valued at $122,710,980. Insiders own 1.37% of the company’s stock.

Netflix Stock Performance

Shares of NFLX stock opened at $1,094.69 on Friday. The firm has a market capitalization of $463.85 billion, a price-to-earnings ratio of 45.73, a price-to-earnings-growth ratio of 1.89 and a beta of 1.59. Netflix, Inc. has a 1 year low of $747.77 and a 1 year high of $1,341.15. The business has a fifty day moving average of $1,207.21 and a 200 day moving average of $1,187.47. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.34.

Netflix (NASDAQ:NFLX) last issued its earnings results on Tuesday, October 21st. The Internet television network reported $5.87 EPS for the quarter, missing analysts’ consensus estimates of $6.88 by ($1.01). The business had revenue of $11.51 billion during the quarter, compared to analyst estimates of $11.52 billion. Netflix had a net margin of 24.05% and a return on equity of 41.86%. Netflix’s quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter last year, the company earned $5.40 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. As a group, research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on NFLX shares. Jefferies Financial Group reaffirmed a “buy” rating and issued a $1,500.00 price target on shares of Netflix in a report on Wednesday. Needham & Company LLC restated a “buy” rating and issued a $1,500.00 price objective on shares of Netflix in a research report on Wednesday. Canaccord Genuity Group reiterated a “buy” rating and set a $1,525.00 price target on shares of Netflix in a research report on Wednesday. Itau BBA Securities started coverage on Netflix in a research report on Tuesday, October 7th. They set an “outperform” rating and a $1,514.00 price objective for the company. Finally, Piper Sandler restated an “overweight” rating and issued a $1,400.00 price target (down previously from $1,500.00) on shares of Netflix in a research note on Wednesday. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and a consensus target price of $1,352.78.

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.