Dogwood Wealth Management LLC Has $979,000 Position in Netflix, Inc. $NFLX

Dogwood Wealth Management LLC boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 335.8% in the second quarter, Holdings Channel reports. The firm owned 767 shares of the Internet television network’s stock after acquiring an additional 591 shares during the period. Dogwood Wealth Management LLC’s holdings in Netflix were worth $979,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NFLX. Halbert Hargrove Global Advisors LLC grew its holdings 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 purchasing an additional 13 shares during the last quarter. Flaharty Asset Management LLC acquired a new position in Netflix during the first quarter valued at approximately $37,000. Maseco LLP acquired a new position in Netflix during the second quarter valued at approximately $39,000. Barnes Dennig Private Wealth Management LLC bought a new position in Netflix during the first quarter worth $42,000. Finally, 1248 Management LLC bought a new position in Netflix during the first quarter worth $43,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Performance

Netflix stock opened at $1,198.92 on Wednesday. The stock has a 50-day simple moving average of $1,208.39 and a 200 day simple moving average of $1,155.85. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 12-month low of $677.88 and a 12-month high of $1,341.15. The stock has a market capitalization of $509.46 billion, a price-to-earnings ratio of 51.08, a P/E/G ratio of 2.03 and a beta of 1.60.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The business had revenue of $11.08 billion during the quarter, compared to analysts’ expectations of $11.04 billion. During the same period in the previous year, the business posted $4.88 earnings per share. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NFLX. Rosenblatt Securities boosted their target price on shares of Netflix from $1,514.00 to $1,515.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Barclays reiterated a “sell” rating and set a $1,100.00 price target (up previously from $1,000.00) on shares of Netflix in a research note on Wednesday, July 9th. Loop Capital upgraded shares of Netflix from a “hold” rating to a “buy” rating and lifted their price target for the stock from $1,150.00 to $1,350.00 in a research note on Wednesday, September 17th. BMO Capital Markets reiterated an “outperform” rating and set a $1,425.00 price target (up previously from $1,200.00) on shares of Netflix in a research note on Tuesday, July 15th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Netflix in a research note on Thursday, September 11th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $1,334.03.

Insiders Place Their Bets

In related news, insider David A. Hyman sold 424 shares of Netflix stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,158.67, for a total value of $491,276.08. Following the completion of the transaction, the insider directly owned 31,610 shares of the company’s stock, valued at $36,625,558.70. The trade was a 1.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Theodore A. Sarandos sold 2,026 shares of Netflix stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 15,168 shares of the company’s stock, valued at $17,604,284.16. This represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 59,324 shares of company stock valued at $70,235,556 over the last three months. Company insiders own 1.37% of the company’s stock.

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.