Netflix, Inc. $NFLX Shares Bought by Motive Wealth Advisors

Motive Wealth Advisors lifted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 10.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 642 shares of the Internet television network’s stock after acquiring an additional 63 shares during the period. Motive Wealth Advisors’ holdings in Netflix were worth $860,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Halbert Hargrove Global Advisors LLC grew its holdings in Netflix by 100.0% during the 1st 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 in the last quarter. Copia Wealth Management acquired a new stake in Netflix during the 4th quarter valued at $37,000. Flaharty Asset Management LLC acquired a new stake in Netflix during the 1st quarter valued at $37,000. Maseco LLP acquired a new stake in Netflix during the 2nd quarter valued at $39,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new stake in Netflix during the 1st quarter valued at $42,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on NFLX shares. Bank of America raised their price objective on shares of Netflix from $1,175.00 to $1,490.00 and gave the stock a “buy” rating in a report on Friday, May 30th. Pivotal Research reissued a “buy” rating on shares of Netflix in a report on Thursday, July 10th. TD Cowen raised their price objective on shares of Netflix from $1,440.00 to $1,450.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Seaport Res Ptn lowered shares of Netflix from a “strong-buy” rating to a “hold” rating in a report on Sunday, July 6th. Finally, Rosenblatt Securities raised their price objective on shares of Netflix from $1,514.00 to $1,515.00 and gave the stock a “buy” rating in a report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,328.87.

Insider Transactions at Netflix

In related news, insider Cletus R. Willems sold 238 shares of Netflix stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total value of $274,537.76. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Spencer Adam Neumann sold 2,600 shares of Netflix stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $1,207.76, for a total transaction of $3,140,176.00. Following the completion of the sale, the chief financial officer owned 3,691 shares in the company, valued at approximately $4,457,842.16. This represents a 41.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 88,728 shares of company stock worth $108,700,648 over the last 90 days. Corporate insiders own 1.37% of the company’s stock.

Netflix Trading Down 1.2%

Netflix stock opened at $1,203.95 on Thursday. The firm’s 50-day moving average is $1,210.04 and its 200-day moving average is $1,145.57. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. Netflix, Inc. has a 1 year low of $677.88 and a 1 year high of $1,341.15. The company has a market cap of $511.59 billion, a P/E ratio of 51.30, a PEG ratio of 2.05 and a beta of 1.60.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same period last year, the firm posted $4.88 EPS. The company’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. On average, equities analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Netflix 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.