Avidian Wealth Enterprises LLC Has $2 Million Position in Netflix, Inc. $NFLX

Avidian Wealth Enterprises LLC boosted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 877.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 21,338 shares of the Internet television network’s stock after acquiring an additional 19,154 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in Netflix were worth $2,001,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Imprint Wealth LLC acquired a new position in Netflix in the third quarter valued at approximately $25,000. Bare Financial Services Inc lifted its holdings in Netflix by 93.3% in the third quarter. Bare Financial Services Inc now owns 29 shares of the Internet television network’s stock valued at $35,000 after buying an additional 14 shares during the period. Horizon Financial Services LLC lifted its holdings in Netflix by 480.0% in the third quarter. Horizon Financial Services LLC now owns 29 shares of the Internet television network’s stock valued at $35,000 after buying an additional 24 shares during the period. Redmont Wealth Advisors LLC acquired a new position in Netflix in the third quarter valued at approximately $36,000. Finally, Marquette Asset Management LLC acquired a new position in Netflix in the third quarter valued at approximately $44,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Trading Down 1.1%

NFLX opened at $91.05 on Tuesday. The firm’s fifty day moving average is $94.81 and its two-hundred day moving average is $96.77. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.41 and a current ratio of 1.41. The firm has a market cap of $383.38 billion, a PE ratio of 29.41, a price-to-earnings-growth ratio of 1.18 and a beta of 1.55. Netflix, Inc. has a twelve month low of $75.01 and a twelve month high of $134.12.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, April 16th. The Internet television network reported $1.23 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.47. Netflix had a net margin of 28.52% and a return on equity of 40.92%. The company had revenue of $12.25 billion for the quarter, compared to analyst estimates of $12.17 billion. During the same period last year, the business posted $6.61 earnings per share. The business’s revenue for the quarter was up 16.2% compared to the same quarter last year. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. Equities research analysts anticipate that Netflix, Inc. will post 3.56 EPS for the current year.

Insider Activity at Netflix

In other news, CFO Spencer Adam Neumann sold 28,630 shares of the stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $98.00, for a total transaction of $2,805,740.00. Following the completion of the sale, the chief financial officer owned 73,787 shares of the company’s stock, valued at $7,231,126. This represents a 27.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Cletus R. Willems sold 3,136 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $82.67, for a total transaction of $259,253.12. The SEC filing for this sale provides additional information. Insiders have sold 1,398,593 shares of company stock valued at $132,740,606 over the last three months. Insiders own 1.37% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on NFLX shares. Guggenheim set a $120.00 price objective on shares of Netflix and gave the company a “buy” rating in a report on Friday, April 17th. JPMorgan Chase & Co. restated a “buy” rating on shares of Netflix in a report on Wednesday, April 22nd. Citigroup started coverage on shares of Netflix in a report on Thursday, April 16th. They issued a “market perform” rating on the stock. Rosenblatt Securities cut their target price on shares of Netflix from $96.00 to $95.00 and set a “neutral” rating on the stock in a report on Friday, April 17th. Finally, New Street Research increased their target price on shares of Netflix from $96.00 to $102.00 in a report on Friday, April 17th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and fifteen have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $114.82.

About Netflix

Netflix, Inc (NASDAQ: NFLX) is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company’s primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.