REAP Financial Group LLC Grows Position in Netflix, Inc. $NFLX

REAP Financial Group LLC boosted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 14.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 388 shares of the Internet television network’s stock after acquiring an additional 48 shares during the period. REAP Financial Group LLC’s holdings in Netflix were worth $520,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NFLX. Brighton Jones LLC lifted its position in shares of Netflix by 5.0% during the 4th 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 last quarter. Revolve Wealth Partners LLC raised its stake in Netflix by 16.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock valued at $912,000 after buying an additional 144 shares in the last quarter. Wedge Capital Management L L P NC purchased a new position in shares of Netflix in the 1st quarter valued at about $214,000. NewSquare Capital LLC increased its holdings in shares of Netflix by 170.9% in the 1st quarter. NewSquare Capital LLC now owns 149 shares of the Internet television network’s stock valued at $139,000 after acquiring an additional 94 shares during the last quarter. Finally, Daymark Wealth Partners LLC increased its holdings in shares of Netflix by 3.4% in the 1st quarter. Daymark Wealth Partners LLC now owns 1,659 shares of the Internet television network’s stock valued at $1,547,000 after acquiring an additional 54 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Trading Up 2.4%

NASDAQ:NFLX opened at $1,191.06 on Wednesday. The firm has a market cap of $506.12 billion, a P/E ratio of 50.75, a PEG ratio of 1.96 and a beta of 1.59. 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 simple moving average is $1,207.58 and its 200-day simple moving average is $1,163.42. Netflix, Inc. has a 12-month low of $677.88 and a 12-month high of $1,341.15.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating 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 firm had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same period last year, the firm posted $4.88 EPS. Netflix’s quarterly revenue 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 analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Activity

In related news, insider David A. Hyman sold 424 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total transaction 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. This represents a 1.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Reed Hastings sold 42,176 shares of the stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total transaction of $49,426,897.92. Following the transaction, the director directly owned 394 shares of the company’s stock, valued at $461,736.48. This represents a 99.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,100 shares of company stock valued at $122,710,980 over the last ninety days. 1.37% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on NFLX. Wedbush reaffirmed an “outperform” rating and issued a $1,500.00 price target (up from $1,400.00) on shares of Netflix in a report on Monday, July 14th. Cowen restated a “buy” rating on shares of Netflix in a research report on Tuesday. The Goldman Sachs Group cut their price target on shares of Netflix from $1,310.00 to $1,300.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 30th. Citigroup reiterated a “neutral” rating and set a $1,295.00 price target (up from $1,280.00) on shares of Netflix in a research note on Friday. Finally, Seaport Res Ptn lowered Netflix from a “strong-buy” rating to a “hold” rating in a report on Sunday, July 6th. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and a consensus price target of $1,337.63.

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.