<div id="readability-page-1"><p>Forvis Mazars Wealth Advisors LLC raised its position in shares of  Netflix, Inc. (NASDAQ:NFLX - Free Report) by 76.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor  owned 2,583 shares of the Internet television network's stock after buying an additional 1,121 shares during the quarter. Forvis Mazars Wealth Advisors LLC's holdings in Netflix were worth $3,459,000 as of its most recent SEC filing.</p><ul><li>Streaming Shakeout: Which Stocks Could Rebound in Q4?</li></ul><p>Other institutional investors have also added to or reduced their stakes in the company. Stephens Consulting LLC grew its holdings in  Netflix by 150.0% during the 2nd quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network's stock valued at $33,000 after buying an additional 15 shares in the last quarter.  Maseco LLP purchased a new position in  Netflix during the 2nd quarter valued at approximately $39,000.  Ransom Advisory Ltd purchased a new position in  Netflix during the 2nd quarter valued at approximately $47,000.  Flaharty Asset Management LLC purchased a new position in  Netflix during the 1st quarter valued at approximately $37,000.  Finally, Signature Resources Capital Management LLC grew its holdings in  Netflix by 740.0% during the 2nd quarter. Signature Resources Capital Management LLC now owns 42 shares of the Internet television network's stock valued at $56,000 after buying an additional 37 shares in the last quarter. Hedge funds and other institutional investors own  80.93% of the company's stock. </p><h2>Netflix Price Performance</h2><p>NFLX opened at $1,199.36 on Friday. The business has a fifty day moving average of $1,213.47 and a 200 day moving average of $1,177.58. Netflix, Inc. has a 52-week low of $736.23 and a 52-week 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. The stock has a market cap of $509.64 billion, a P/E ratio of 51.10, a PEG ratio of 2.02 and a beta of 1.59. </p><ul><li>Get Exposure to Millennials' Purchasing Power With This ETF</li></ul><p>Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The company had revenue of $11.08 billion during the quarter, compared to analysts' expectations of $11.04 billion. During the same quarter in the previous year, the business earned $4.88 EPS. Netflix's revenue was up 15.9% compared to the same quarter last year.  As a group, sell-side analysts anticipate that  Netflix, Inc. will post 24.58 EPS for the current year. </p><h2>Wall Street Analysts Forecast Growth</h2><p>A number of equities analysts have recently commented on NFLX shares. The Goldman Sachs Group dropped their target price on Netflix from $1,310.00 to $1,300.00 and set a &#34;neutral&#34; rating for the company in a report on Tuesday, September 30th. Seaport Res Ptn raised Netflix from a &#34;hold&#34; rating to a &#34;strong-buy&#34; rating in a research report on Monday, October 6th. Sanford C. Bernstein  reissued a &#34;buy&#34; rating on shares of Netflix in a research report on Friday. Itau BBA Securities assumed coverage on Netflix in a research report on Tuesday, October 7th. They set an &#34;outperform&#34; rating and a $1,514.00 target price on the stock. Finally, Robert W. Baird boosted their target price on Netflix from $1,300.00 to $1,500.00 and gave the company an &#34;outperform&#34; rating in a research report on Monday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued  a Buy rating, eight have given a Hold rating and two have issued  a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of &#34;Moderate Buy&#34; and a consensus target price of $1,339.81.</p><ul><li>Is Netflix's Ad Deal With Amazon the Catalyst for a New Uptrend?</li></ul><p><b>Check Out Our Latest Analysis on Netflix</b></p><h2>Insider Activity at Netflix</h2><p>In related news, CEO Theodore A. Sarandos sold 2,026 shares of the business's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the completion of the transaction, the chief executive officer owned 15,168 shares in the company, valued at $17,604,284.16. The trade was a 11.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities &amp; Exchange Commission, which is available through this hyperlink. Also, Director Reed Hastings sold 42,176 shares of the business's stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the transaction, the director owned 394 shares of the company's stock, valued at approximately $461,736.48. The trade was a 99.07% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,100 shares of company stock worth $122,710,980 over the last quarter. 1.37% of the stock is owned by insiders. </p><h2>Netflix Company Profile</h2> (Free Report)<p>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.</p><h2>See Also</h2><ul><li>Five stocks we like better than Netflix</li><li>The Top 3 Healthcare Dividend Stocks to Buy and Hold</li><li>Johnson &amp; Johnson's M&amp;A Strategy Is the Real Story for Investors</li><li>3 Warren Buffett Stocks to Buy Now</li><li>Tesla: Some Analysts Are Calling for A 30% Drop—Time to Panic?</li><li>There Are Different Types of Stock To Invest In</li><li>Hedge Funds Flip on the Dollar—A Buy Signal for These 3 Stocks?</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9TkZMWA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9TkZMWA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Netflix Right Now?</h2><p>Before you consider Netflix, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Netflix wasn't on the list.</p><p>While Netflix currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

NFLX

<p>Forvis Mazars Wealth Advisors LLC increased its stake in Netflix, Inc. by 76.7% in Q2, now holding 2,583 shares valued at $3.46 million. Other investors also adjusted their positions, with Stephens Consulting growing its holdings by 150%. Netflix's stock performance shows a market cap of $509.64 billion and a P/E ratio of 51.10. The company reported Q2 earnings of $7.19 EPS, surpassing estimates. Analysts maintain a consensus rating of "Moderate Buy" with a target price of $1,339.81.</p>

- Forvis Mazars Wealth Advisors LLC increased its stake in Netflix, Inc. by 76.7% in Q2, owning 2,583 shares valued at $3,459,000.  
- Other institutional investors also adjusted their positions, with Stephens Consulting LLC growing its holdings by 150.0% and Signature Resources Capital Management LLC increasing by 740.0%.  
- Netflix reported Q2 earnings of $7.19 EPS, surpassing estimates, with a revenue of $11.08 billion, reflecting a 15.9% year-over-year increase.

Forvis Mazars Wealth Advisors LLC Grows Position in Netflix, Inc. $NFLX