Brady Martz Wealth Solutions LLC Acquires Shares in Netflix, Inc.

Brady Martz Wealth Solutions LLC has recently established a new investment in Netflix, Inc. (NASDAQ:NFLX) during the fourth quarter, as noted in their latest filing with the Securities and Exchange Commission. The firm acquired 1,066 shares of Netflix, which are valued at approximately $883,000.

Institutional Investors Increasing Holdings

Several other institutional investors have also adjusted their stakes in Netflix. For example, DigitalBridge Group Inc. increased its position by 35.5% in the second quarter, now holding 36,063 shares worth about $24,338,000 after purchasing an additional 9,451 shares. Similarly, Nordea Investment Management AB raised its investment by 22.7% in the fourth quarter, amassing 848,150 shares valued at $760,918,000 after adding 156,958 shares. Additionally, Charles Schwab Investment Management Inc. expanded its stake by 1.2% in the third quarter, owning 2,579,404 shares worth $1,829,494,000 after acquiring 29,726 shares. Natixis Advisors LLC grew its holdings by 2.0% in the third quarter, now possessing 612,458 shares valued at $434,398,000. Lastly, M&T Bank Corp increased its stake by 4.2% during the third quarter, having 41,946 shares worth approximately $29,751,000. Currently, institutional investors hold about 80.93% of Netflix’s stock.

Insider Trading Activities

On the insider trading front, Director Richard N. Barton sold 5,698 shares of Netflix on October 25th, receiving an average price of $756.00, totaling around $4.3 million. Following this sale, Barton owns just 246 shares valued at $185,976, representing a 95.86% drop in his holdings. In a separate transaction on November 1st, Chairman Reed Hastings sold 41,601 shares at an average price of $758.06 for $31,536,054.06. Post-sale, he now holds only 85 shares valued at $64,435. This indicates a staggering 99.80% decrease in his position. In total, insiders have sold 152,198 shares valued at $127,616,898 in the last 90 days, with insiders currently owning about 1.76% of the stock.

Netflix Stock Performance

As for stock performance, shares of Netflix were trading at $858.10 on a recent Friday. Over the past year, the stock has seen a low of $476.06 and peaked at $941.75. The company’s 50-day moving average is $884.58, while the 200-day moving average stands at $758.48. Netflix has a market capitalization of approximately $366.80 billion, a P/E ratio of 48.56, and a beta of 1.27.

Earnings Report Insights

Netflix recently published its quarterly earnings results on October 17th, showcasing earnings per share (EPS) of $5.40, exceeding the consensus estimate of $5.09 by $0.31. The company generated revenues of $9.82 billion for the quarter, surpassing the $9.77 billion anticipated by analysts. Netflix reported a return on equity of 35.86% and a net margin of 20.70%. Analysts predict that for the current fiscal year, Netflix will achieve an average EPS of 19.78.

Analysts Update Price Targets

In light of recent developments, various research analysts have updated their price targets for Netflix shares. Rosenblatt Securities reaffirmed a "neutral" rating, setting a target price of $680. Meanwhile, Citigroup raised its price target from $725 to $920, maintaining a "neutral" rating. StockNews.com upgraded its rating from "hold" to "buy," while Goldman Sachs lifted its price objective from $750 to $850 with a "neutral" rating. Bank of America set a new target price of $1,000, rating it as a "buy." Among the analyst community, there are two sell ratings, nine hold ratings, twenty-four buy ratings, and one strong buy rating, indicating a consensus rating of "Moderate Buy" with an average price target of $845.06.

About Netflix

Netflix, Inc. is a leading entertainment service provider known for offering a wide array of TV series, documentaries, feature films, and games across various genres and languages. The company allows members to access streaming content via a range of internet-connected devices, including televisions and mobile gadgets.

investment, shares, Netflix