QTR Family Wealth LLC Has $1.42 Million Holdings in Netflix, Inc. $NFLX

QTR Family Wealth LLC lowered its stake in Netflix, Inc. (NASDAQ:NFLX) by 2.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,061 shares of the Internet television network’s stock after selling 28 shares during the period. QTR Family Wealth LLC’s holdings in Netflix were worth $1,421,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Brighton Jones LLC increased its stake in shares of Netflix by 5.0% in the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock worth $4,804,000 after purchasing an additional 257 shares during the period. Revolve Wealth Partners LLC increased its stake in shares of Netflix by 16.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock worth $912,000 after purchasing an additional 144 shares during the period. Merit Financial Group LLC increased its stake in shares of Netflix by 18.3% in the first quarter. Merit Financial Group LLC now owns 13,269 shares of the Internet television network’s stock worth $12,374,000 after purchasing an additional 2,052 shares during the period. McLean Asset Management Corp increased its stake in shares of Netflix by 8.6% in the first quarter. McLean Asset Management Corp now owns 443 shares of the Internet television network’s stock worth $386,000 after purchasing an additional 35 shares during the period. Finally, Capital Asset Advisory Services LLC increased its stake in shares of Netflix by 59.4% in the first quarter. Capital Asset Advisory Services LLC now owns 601 shares of the Internet television network’s stock worth $562,000 after purchasing an additional 224 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NFLX. Barclays reiterated a “sell” rating and issued a $1,100.00 price objective (up from $1,000.00) on shares of Netflix in a research note on Wednesday, July 9th. Phillip Securities lowered Netflix from a “hold” rating to a “strong sell” rating in a research note on Monday, July 21st. UBS Group restated a “market underperform” rating on shares of Netflix in a research note on Saturday, July 19th. TD Cowen boosted their price target on Netflix from $1,440.00 to $1,450.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Finally, JPMorgan Chase & Co. boosted their price target on Netflix from $1,230.00 to $1,300.00 and gave the company a “neutral” rating in a research note on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,334.03.

Insider Buying and Selling at Netflix

In related news, Director Reed Hastings sold 25,959 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $1,207.71, for a total transaction of $31,350,943.89. Following the sale, the director directly owned 394 shares in the company, valued at $475,837.74. This represents a 98.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Theodore A. Sarandos sold 2,026 shares of the 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 sale, the chief executive officer owned 15,168 shares in the company, valued at approximately $17,604,284.16. This trade represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 59,324 shares of company stock worth $70,235,556 over the last 90 days. Company insiders own 1.37% of the company’s stock.

Netflix Stock Down 0.6%

NASDAQ NFLX opened at $1,198.92 on Wednesday. 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 stock’s 50 day moving average is $1,208.39 and its two-hundred day moving average is $1,155.85. The company has a market capitalization of $509.46 billion, a price-to-earnings ratio of 51.08, a PEG ratio of 2.03 and a beta of 1.60. Netflix, Inc. has a 1-year low of $677.88 and a 1-year high of $1,341.15.

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