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Elite Wealth Management Inc. Acquires 26,249 Shares of Netflix, Inc. $NFLX
Elite Wealth Management Inc. significantly increased its stake in Netflix, Inc. in Q4, boosting its holdings by 753.4% to own 29,733 shares valued at approximately $2.79 million. This makes Netflix its 23rd largest position, comprising about 0.8% of its portfolio. Key influencers for Netflix include a strong Q1 earnings beat, a $25 billion share-repurchase program, and the introduction of a TikTok-style “Clips” feed, despite conservative Q2 guidance leading to some profit-taking.