Opulen Financial Group LLC Has $451,000 Stock Holdings in Netflix, Inc. $NFLX

Opulen Financial Group LLC lifted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 12.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 337 shares of the Internet television network’s stock after buying an additional 38 shares during the quarter. Opulen Financial Group LLC’s holdings in Netflix were worth $451,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Halbert Hargrove Global Advisors LLC lifted its stake in Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock valued at $25,000 after acquiring an additional 13 shares in the last quarter. Flaharty Asset Management LLC bought a new stake in Netflix in the 1st quarter valued at approximately $37,000. Maseco LLP bought a new stake in Netflix in the 2nd quarter valued at approximately $39,000. Barnes Dennig Private Wealth Management LLC bought a new stake in Netflix in the 1st quarter valued at approximately $42,000. Finally, 1248 Management LLC bought a new stake in Netflix in the 1st quarter valued at approximately $43,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. UBS Group set a $1,425.00 price objective on Netflix in a research note on Tuesday. JPMorgan Chase & Co. upped their price objective on Netflix from $1,230.00 to $1,300.00 and gave the stock a “neutral” rating in a research note on Friday, July 18th. BMO Capital Markets reiterated an “outperform” rating and set a $1,425.00 price objective (up previously from $1,200.00) on shares of Netflix in a research note on Tuesday, July 15th. Robert W. Baird upped their price objective on Netflix from $1,300.00 to $1,500.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. Finally, Rosenblatt Securities upped their price objective on Netflix from $1,514.00 to $1,515.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,337.63.

Insider Activity at Netflix

In other news, CEO Gregory K. Peters sold 2,026 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the sale, the chief executive officer directly owned 12,781 shares of the company’s stock, valued at approximately $14,793,240.64. This represents a 13.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Reed Hastings sold 42,176 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the sale, the director directly owned 394 shares in the company, valued at approximately $461,736.48. This trade represents a 99.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,100 shares of company stock worth $122,710,980 in the last quarter. 1.37% of the stock is currently owned by corporate insiders.

Netflix Stock Up 2.4%

NFLX stock opened at $1,191.06 on Wednesday. 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 has a market capitalization of $506.12 billion, a price-to-earnings ratio of 50.75, a PEG ratio of 1.96 and a beta of 1.59. The business’s fifty day moving average price is $1,207.58 and its two-hundred day moving average price is $1,163.42. Netflix, Inc. has a fifty-two week low of $677.88 and a fifty-two 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, topping the consensus estimate of $7.07 by $0.12. The firm 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 quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the business earned $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, equities analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

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.