waypoint wealth counsel Has $840,000 Holdings in Netflix, Inc. $NFLX

waypoint wealth counsel lifted its stake in Netflix, Inc. (NASDAQ:NFLX) by 13.2% in the second quarter, HoldingsChannel reports. The institutional investor owned 627 shares of the Internet television network’s stock after buying an additional 73 shares during the quarter. waypoint wealth counsel’s holdings in Netflix were worth $840,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Netflix by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network’s stock worth $35,433,585,000 after buying an additional 509,255 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Netflix by 2.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,732,066 shares of the Internet television network’s stock worth $10,940,505,000 after buying an additional 304,399 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of Netflix by 1.0% in the 1st quarter. Alliancebernstein L.P. now owns 5,194,939 shares of the Internet television network’s stock worth $4,844,436,000 after buying an additional 53,611 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Netflix by 8.3% in the 1st quarter. Invesco Ltd. now owns 4,664,818 shares of the Internet television network’s stock worth $4,350,083,000 after buying an additional 356,617 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of Netflix by 3.5% in the 1st quarter. Wellington Management Group LLP now owns 4,385,666 shares of the Internet television network’s stock worth $4,089,765,000 after buying an additional 148,675 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Price Performance

Netflix stock opened at $1,220.08 on Friday. The business’s 50-day simple moving average is $1,210.84 and its 200 day simple moving average is $1,168.46. The stock has a market cap of $518.44 billion, a price-to-earnings ratio of 51.98, a P/E/G ratio of 2.05 and a beta of 1.59. Netflix, Inc. has a 12-month low of $677.88 and a 12-month high of $1,341.15. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58.

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, beating the consensus estimate of $7.07 by $0.12. The business had revenue of $11.08 billion for the quarter, compared to analysts’ expectations of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the business earned $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Buying and Selling at Netflix

In related news, CFO Spencer Adam Neumann sold 2,600 shares of Netflix stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $1,172.51, for a total transaction of $3,048,526.00. Following the completion of the sale, the chief financial officer directly owned 3,691 shares of the company’s stock, valued at $4,327,734.41. The trade was a 41.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Theodore A. Sarandos sold 2,026 shares of Netflix stock in a transaction 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 directly owned 15,168 shares of the company’s stock, 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 104,100 shares of company stock valued at $122,710,980 over the last quarter. 1.37% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

NFLX has been the topic of a number of research analyst reports. The Goldman Sachs Group decreased their price target on Netflix from $1,310.00 to $1,300.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 30th. KeyCorp increased their price target 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. Itau BBA Securities began coverage on shares of Netflix in a report on Tuesday, October 7th. They set an “outperform” rating and a $1,514.00 price objective on the stock. Wells Fargo & Company increased their price objective on shares of Netflix from $1,500.00 to $1,560.00 and gave the stock an “overweight” rating in a report on Friday, July 18th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Netflix from $1,230.00 to $1,300.00 and gave the stock a “neutral” rating in a report on Friday, July 18th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently 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.