Waterfront Wealth Inc. Buys 49 Shares of Netflix, Inc. $NFLX

Waterfront Wealth Inc. increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,644 shares of the Internet television network’s stock after buying an additional 49 shares during the period. Waterfront Wealth Inc.’s holdings in Netflix were worth $2,202,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Stephens Consulting LLC boosted its holdings in Netflix by 150.0% in the 2nd quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock valued at $33,000 after purchasing an additional 15 shares during the period. Rossby Financial LCC bought a new stake in Netflix in the 2nd quarter valued at about $35,000. Flaharty Asset Management LLC bought a new stake in Netflix in the 1st quarter valued at about $37,000. Maseco LLP bought a new stake in Netflix in the 2nd quarter valued at about $39,000. Finally, LGT Financial Advisors LLC bought a new stake in Netflix in the 2nd quarter valued at about $40,000. Institutional investors own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

NFLX has been the subject of a number of recent research reports. The Goldman Sachs Group cut their price objective on shares of Netflix from $1,310.00 to $1,300.00 and set a “neutral” rating for the company in a report on Tuesday, September 30th. Argus set a $1,410.00 price objective on shares of Netflix in a report on Thursday, October 23rd. UBS Group set a $1,500.00 price objective on shares of Netflix in a report on Wednesday, October 22nd. Wall Street Zen downgraded shares of Netflix from a “buy” rating to a “hold” rating in a report on Saturday, October 4th. Finally, Rosenblatt Securities upped their price target on shares of Netflix from $1,515.00 to $1,530.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,344.64.

Insider Buying and Selling at Netflix

In related news, CEO Gregory K. Peters sold 2,026 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the completion of the transaction, the chief executive officer directly owned 12,781 shares in the company, valued at $14,793,240.64. This represents a 13.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $2,351,416.12. Following the transaction, the chief executive officer owned 15,168 shares of the company’s stock, valued at approximately $17,604,284.16. This represents a 11.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 104,100 shares of company stock worth $122,710,980 over the last 90 days. 1.37% of the stock is owned by corporate insiders.

Netflix Stock Performance

Shares of Netflix stock opened at $1,102.50 on Wednesday. The company has a 50 day moving average of $1,201.97 and a 200-day moving average of $1,191.47. Netflix, Inc. has a 1-year low of $747.77 and a 1-year high of $1,341.15. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.56. The company has a market cap of $467.16 billion, a PE ratio of 46.05, a price-to-earnings-growth ratio of 1.89 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.88 by ($1.01). The company had revenue of $11.51 billion for the quarter, compared to analyst estimates of $11.52 billion. Netflix had a return on equity of 41.86% and a net margin of 24.05%.Netflix’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter in the prior 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, equities research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal 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.