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Beam Wealth Advisors Inc. Purchases Shares of 17,746 Netflix, Inc. $NFLX
Beam Wealth Advisors Inc. has acquired a new stake in Netflix, Inc. (NFLX), purchasing 17,746 shares valued at approximately $1.66 million. This move is part of a broader trend of institutional investors significantly increasing their positions in Netflix, with major holders like Vanguard and Baillie Gifford dramatically raising their stakes. Despite recent insider selling and technical indicators showing weakness, analysts maintain a “Moderate Buy” consensus for NFLX, with an average price target of $114.82, following a strong earnings beat in the last quarter.