Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Holistic Financial Partners

VaselineSeptember 1, 2024

0 4 minutes read

Holistic Financial Partners grew its position in Netflix, Inc. (NASDAQ:NFLX – Free Report) by 3.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,834 shares of the Internet television network’s stock after acquiring an additional 66 shares during the period. Netflix makes up about 0.6% of Holistic Financial Partners’ holdings, making the stock its 26th biggest holding. Holistic Financial Partners’ holdings in Netflix were worth $1,238,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Valued Wealth Advisors LLC boosted its position in shares of Netflix by 80.0% in the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock worth $27,000 after purchasing an additional 20 shares during the period. VitalStone Financial LLC boosted its holdings in Netflix by 933.3% in the fourth quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock worth $30,000 after acquiring an additional 56 shares during the period. Beaird Harris Wealth Management LLC grew its position in Netflix by 1,550.0% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock valued at $32,000 after acquiring an additional 62 shares during the last quarter. Scarborough Advisors LLC purchased a new stake in Netflix in the fourth quarter valued at about $32,000. Finally, Indiana Trust & Investment Management CO lifted its position in shares of Netflix by 112.0% in the first quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 28 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s shares.

Analysts on Wall Street are forecasting an increase

A number of equities research analysts recently weighed in on NFLX shares. Jefferies Financial Group upped their target price on shares of Netflix from $655.00 to $780.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. Evercore ISI upped their target price on Netflix from $710.00 to $750.00 and gave the company an “outperform” rating in a research note on Tuesday, August 27th. Macquarie reiterated an “outperform” rating and issued a $685.00 target price on shares of Netflix in a research note on Tuesday, July 16th. Redburn Atlantic boosted their price objective on Netflix from $740.00 to $760.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Finally, Rosenblatt Securities boosted their price target on Netflix from $554.00 to $635.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $685.45, based on data from MarketBeat.com.

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Insider activity at Netflix

In other Netflix news, insider David A. Hyman sold 20,656 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $19,128,159.30. The sale was disclosed in a filing with the SEC, which is accessible through the SEC’s website. In other Netflix news, insider David A. Hyman sold 20,656 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total value of $12,499,565.28. Following the sale, the insider now directly owns 31,610 shares in the company, valued at $19,128,159.30. The sale was disclosed in a filing with the SEC, which is available via this hyperlink. Also, insider David A. Hyman sold 13,791 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $700.00, for a total transaction of $9,653,700.00. Following the transaction, the insider now owns 31,610 shares of the company’s stock, valued at approximately $22,127,000. The disclosure for this sale can be found here. Insiders sold 152,700 shares of company stock worth $98,283,982 in the last quarter. 1.76% of shares are currently owned by company insiders.

Netflix trading up 1.3%

NASDAQ:NFLX opened at $701.35 on Friday. The stock has a market cap of $301.00 billion, a price-to-earnings ratio of 48.67, a PEG ratio of 1.44 and a beta of 1.27. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95, and a current ratio of 0.95. Netflix, Inc. has a 1 year low of $344.73 and a 1 year high of $711.33. The company has a fifty day moving average of $659.34 and a 200 day moving average of $630.28.

Netflix (NASDAQ:NFLX – Get Your Free Report ) last announced its earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The firm had revenue of $9.56 billion during the quarter, compared to analyst estimates of $9.53 billion. In the same quarter last year, the firm posted EPS of $3.29. Netflix’s revenue was up 16.8% compared to the same quarter last year. Stock analysts predict that Netflix, Inc. will post 19.08 earnings per share for the current year.

About Netflix

(Free report)

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films and games in different genres and languages. The company also offers members the ability to stream content through a range of internet-connected devices, including televisions, digital video players, TV set-top boxes and mobile devices.