Strait & Sound Wealth Management LLC Purchases Shares of 174 Netflix, Inc. $NFLX

Strait & Sound Wealth Management LLC purchased a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 174 shares of the Internet television network’s stock, valued at approximately $233,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Stephens Consulting LLC raised its holdings in Netflix by 150.0% during the second quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock valued at $33,000 after acquiring an additional 15 shares during the period. Maseco LLP bought a new stake in Netflix during the second quarter valued at about $39,000. LGT Financial Advisors LLC bought a new stake in Netflix during the second quarter valued at about $40,000. Mid American Wealth Advisory Group Inc. bought a new stake in shares of Netflix in the second quarter worth about $44,000. Finally, Ransom Advisory Ltd bought a new stake in shares of Netflix in the second quarter worth about $47,000. 80.93% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Gregory K. Peters 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 $1,157.44, for a total transaction of $2,344,973.44. Following the transaction, the chief executive officer owned 12,781 shares of the company’s stock, valued at approximately $14,793,240.64. This represents a 13.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Theodore A. Sarandos 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 $1,160.62, for a total value of $2,351,416.12. Following the transaction, the chief executive officer directly owned 15,168 shares in the company, valued at approximately $17,604,284.16. This represents a 11.78% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 104,100 shares of company stock valued at $122,710,980. 1.37% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on NFLX. Seaport Res Ptn raised Netflix from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Sanford C. Bernstein reaffirmed a “buy” rating on shares of Netflix in a report on Friday, October 17th. Robert W. Baird lifted their target price on Netflix from $1,300.00 to $1,500.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. Itau BBA Securities initiated coverage on Netflix in a report on Tuesday, October 7th. They issued an “outperform” rating and a $1,514.00 target price on the stock. Finally, Wall Street Zen lowered Netflix from a “buy” rating to a “hold” rating in a research report on Saturday, October 4th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,352.78.

Netflix Trading Down 1.7%

NFLX opened at $1,094.69 on Friday. Netflix, Inc. has a 12 month low of $747.77 and a 12 month high of $1,341.15. The stock has a 50-day moving average of $1,207.21 and a 200 day moving average of $1,187.47. The firm has a market cap of $463.85 billion, a P/E ratio of 45.73, a P/E/G ratio of 1.89 and a beta of 1.59. The company has a current ratio of 1.33, a quick ratio of 1.34 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX) last released 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 for the quarter, compared to the consensus estimate of $11.52 billion. Netflix had a net margin of 24.05% and a return on equity of 41.86%. The company’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same period in the prior year, the company posted $5.40 EPS. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. As a group, research analysts forecast that Netflix, Inc. will post 24.58 EPS 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.