Perissos Private Wealth Management LLC Acquires New Position in Netflix, Inc. $NFLX

Perissos Private Wealth Management LLC bought a new stake in Netflix, Inc. (NASDAQ:NFLX) in the second quarter, HoldingsChannel.com reports. The fund bought 192 shares of the Internet television network’s stock, valued at approximately $257,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Atlatl Advisers LLC acquired a new position in Netflix in the second quarter valued at approximately $2,124,000. Topsail Wealth Management LLC acquired a new position in Netflix in the second quarter valued at approximately $226,000. VestGen Investment Management boosted its stake in Netflix by 262.1% in the second quarter. VestGen Investment Management now owns 793 shares of the Internet television network’s stock valued at $1,062,000 after acquiring an additional 574 shares during the period. Ballast Advisors LLC boosted its stake in Netflix by 3.2% in the second quarter. Ballast Advisors LLC now owns 619 shares of the Internet television network’s stock valued at $829,000 after acquiring an additional 19 shares during the period. Finally, University of Texas Texas AM Investment Management Co. boosted its stake in Netflix by 18.8% in the second quarter. University of Texas Texas AM Investment Management Co. now owns 8,839 shares of the Internet television network’s stock valued at $11,837,000 after acquiring an additional 1,401 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Morgan Stanley set a $1,500.00 price objective on Netflix in a research report on Monday, October 13th. Cowen reiterated a “buy” rating on shares of Netflix in a research report on Tuesday, October 7th. KeyCorp boosted their price objective on Netflix from $1,070.00 to $1,390.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. Piper Sandler reiterated an “overweight” rating and set a $1,400.00 price objective (down from $1,500.00) on shares of Netflix in a research report on Wednesday. Finally, Barclays reiterated a “sell” rating and set a $1,100.00 price objective (up from $1,000.00) on shares of Netflix in a research report on Wednesday, July 9th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,352.78.

Insider Buying and Selling

In other Netflix news, Director Reed Hastings sold 42,176 shares of the company’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the transaction, the director owned 394 shares of the company’s stock, valued at approximately $461,736.48. This represents a 99.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Theodore A. Sarandos sold 2,026 shares of the company’s stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 15,168 shares in the company, valued at $17,604,284.16. This represents a 11.78% decrease in their position. 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 three months. Insiders own 1.37% of the company’s stock.

Netflix Price Performance

Shares of NASDAQ: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 market cap of $463.85 billion, a price-to-earnings ratio of 45.73, a PEG ratio of 1.89 and a beta of 1.59. The stock’s 50 day moving average price is $1,207.21 and its 200 day moving average price is $1,187.47. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.34.

Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, October 21st. The Internet television network reported $5.87 EPS for the quarter, missing the consensus estimate of $6.88 by ($1.01). Netflix had a return on equity of 41.86% and a net margin of 24.05%.The firm had revenue of $11.51 billion for the quarter, compared to the consensus estimate of $11.52 billion. During the same period in the previous year, the firm earned $5.40 EPS. Netflix’s revenue for the quarter was up 17.2% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. Equities research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

About Netflix

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.