Fulcrum Capital LLC Has $15.33 Million Stake in Netflix, Inc. $NFLX

Fulcrum Capital LLC increased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,445 shares of the Internet television network’s stock after buying an additional 71 shares during the quarter. Netflix accounts for about 3.2% of Fulcrum Capital LLC’s portfolio, making the stock its 8th biggest holding. Fulcrum Capital LLC’s holdings in Netflix were worth $15,326,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of NFLX. Halbert Hargrove Global Advisors LLC grew its holdings in shares of Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock worth $25,000 after buying an additional 13 shares in the last quarter. Flaharty Asset Management LLC acquired a new stake in shares of Netflix in the first quarter valued at about $37,000. Maseco LLP acquired a new stake in shares of Netflix in the second quarter valued at about $39,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Netflix in the first quarter valued at about $42,000. Finally, 1248 Management LLC acquired a new stake in shares of Netflix in the first quarter valued at about $43,000. 80.93% of the stock is currently owned by institutional investors.

Netflix Price Performance

Netflix stock opened at $1,220.08 on Friday. Netflix, Inc. has a 12 month low of $677.88 and a 12 month high of $1,341.15. The stock’s 50 day moving average is $1,210.84 and its 200-day moving average is $1,167.10. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $518.45 billion, a price-to-earnings ratio of 51.98, a PEG ratio of 2.07 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last posted its earnings results 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. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The company had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter in the prior year, the business earned $4.88 earnings per share. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Equities research analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analyst Weigh In

NFLX has been the topic of a number of recent research reports. Zacks Research downgraded Netflix from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. Jefferies Financial Group reaffirmed a “buy” rating on shares of Netflix in a research report on Thursday, September 11th. Wedbush reaffirmed an “outperform” rating and issued a $1,500.00 target price (up previously from $1,400.00) on shares of Netflix in a research report on Monday, July 14th. Phillip Securities downgraded Netflix from a “hold” rating to a “strong sell” rating in a research report on Monday, July 21st. Finally, Cowen reaffirmed a “buy” rating on shares of Netflix in a research report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and an average target price of $1,337.63.

Insider Buying and Selling

In related news, CEO Theodore A. Sarandos sold 2,026 shares of the business’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 value of $2,351,416.12. Following the completion of the sale, the chief executive officer directly owned 15,168 shares in the company, valued at approximately $17,604,284.16. The trade was a 11.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Reed Hastings sold 42,176 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the completion of the sale, the director owned 394 shares of the company’s stock, 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 have sold 104,100 shares of company stock valued at $122,710,980 in the last ninety days. 1.37% of the stock is currently owned by company insiders.

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.