Beacon Bridge Wealth Partners LLC Purchases Shares of 156 Netflix, Inc. $NFLX

Beacon Bridge Wealth Partners LLC purchased a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) during the second quarter, Holdings Channel reports. The fund purchased 156 shares of the Internet television network’s stock, valued at approximately $209,000.

A number of other institutional investors have also bought and sold shares of NFLX. Halbert Hargrove Global Advisors LLC boosted its position in Netflix by 100.0% during the first 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 during the last quarter. Flaharty Asset Management LLC bought a new stake in Netflix during the first quarter valued at $37,000. Maseco LLP bought a new stake in Netflix during the second quarter valued at $39,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Netflix during the 1st quarter worth about $42,000. Finally, 1248 Management LLC bought a new position in shares of Netflix during the 1st quarter worth about $43,000. Institutional investors own 80.93% of the company’s stock.

Insider Transactions at Netflix

In other Netflix news, CFO Spencer Adam Neumann sold 2,600 shares of the stock in a transaction dated Wednesday, October 1st. The shares were 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 trade represents a 41.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 2,026 shares of the stock in a transaction dated 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 sale, the chief executive officer owned 12,781 shares of the company’s stock, valued at approximately $14,793,240.64. This trade represents a 13.68% 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 worth $122,710,980. Company insiders own 1.37% of the company’s stock.

Analyst Ratings Changes

NFLX has been the topic of a number of research analyst reports. Barclays reissued a “sell” rating and set a $1,100.00 price objective (up previously from $1,000.00) on shares of Netflix in a research report on Wednesday, July 9th. BMO Capital Markets reissued an “outperform” rating and set a $1,425.00 price objective (up previously from $1,200.00) on shares of Netflix in a research report on Tuesday, July 15th. Sanford C. Bernstein increased their price objective on shares of Netflix from $1,200.00 to $1,390.00 and gave the stock an “outperform” rating in a research report on Thursday, July 17th. Loop Capital raised shares of Netflix from a “hold” rating to a “buy” rating and increased their price objective for the stock from $1,150.00 to $1,350.00 in a research report on Wednesday, September 17th. Finally, Citigroup reissued a “neutral” rating and set a $1,295.00 price objective (up previously from $1,280.00) on shares of Netflix in a research report on Friday, October 3rd. Two analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,337.63.

Netflix Trading Up 1.4%

NASDAQ:NFLX opened at $1,231.07 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. The firm has a market cap of $523.12 billion, a price-to-earnings ratio of 52.45, a price-to-earnings-growth ratio of 2.04 and a beta of 1.59. Netflix, Inc. has a 52 week low of $677.88 and a 52 week high of $1,341.15. The firm has a 50-day moving average price of $1,209.61 and a two-hundred day moving average price of $1,165.56.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating the consensus estimate of $7.07 by $0.12. The firm had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter last year, the business posted $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 expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal 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.