626 Financial LLC Purchases 808 Shares of Netflix, Inc. $NFLX

626 Financial LLC increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 132.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,417 shares of the Internet television network’s stock after purchasing an additional 808 shares during the quarter. Netflix makes up about 0.9% of 626 Financial LLC’s portfolio, making the stock its 19th largest holding. 626 Financial LLC’s holdings in Netflix were worth $1,898,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Analyst IMS Investment Management Services Ltd. increased its position in Netflix by 3.0% during the 2nd quarter. Analyst IMS Investment Management Services Ltd. now owns 1,245 shares of the Internet television network’s stock worth $1,667,000 after purchasing an additional 36 shares in the last quarter. Quaker Wealth Management LLC increased its position in Netflix by 285.2% during the 2nd quarter. Quaker Wealth Management LLC now owns 113 shares of the Internet television network’s stock worth $151,000 after purchasing an additional 174 shares in the last quarter. Human Investing LLC acquired a new position in Netflix during the 2nd quarter worth approximately $236,000. Oarsman Capital Inc. increased its position in Netflix by 4.9% during the 2nd quarter. Oarsman Capital Inc. now owns 449 shares of the Internet television network’s stock worth $601,000 after purchasing an additional 21 shares in the last quarter. Finally, Corrado Advisors LLC acquired a new position in Netflix during the 2nd quarter worth approximately $248,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on NFLX shares. BMO Capital Markets reiterated an “outperform” rating and set a $1,425.00 price objective (up from $1,200.00) on shares of Netflix in a research report on Tuesday, July 15th. Morgan Stanley set a $1,500.00 price objective on shares of Netflix in a research report on Monday, October 13th. Jefferies Financial Group reiterated a “buy” rating and set a $1,500.00 price objective on shares of Netflix in a research report on Wednesday, October 22nd. Guggenheim restated a “buy” rating and issued a $1,450.00 price target on shares of Netflix in a research report on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Netflix from $1,300.00 to $1,275.00 and set a “neutral” rating for the company in a research report on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and an average target price of $1,344.64.

Insider Buying and Selling

In other news, insider Cletus R. Willems sold 238 shares of the company’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total value of $274,537.76. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Theodore A. Sarandos sold 2,026 shares of the company’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the completion of the sale, the chief executive officer directly owned 15,168 shares in the company, valued at approximately $17,604,284.16. This represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 104,100 shares of company stock worth $122,710,980. Corporate insiders own 1.37% of the company’s stock.

Netflix Trading Up 0.7%

Shares of NASDAQ NFLX opened at $1,102.50 on Wednesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.33. Netflix, Inc. has a 52-week low of $747.77 and a 52-week high of $1,341.15. The firm has a 50 day moving average price of $1,201.97 and a two-hundred day moving average price of $1,191.47. The stock has a market cap of $467.16 billion, a P/E ratio of 46.05, a price-to-earnings-growth ratio of 1.89 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, October 21st. The Internet television network reported $5.87 EPS for the quarter, missing analysts’ consensus estimates of $6.88 by ($1.01). Netflix had a net margin of 24.05% and a return on equity of 41.86%. The firm had revenue of $11.51 billion during the quarter, compared to the consensus estimate of $11.52 billion. During the same period in the prior year, the company posted $5.40 earnings per share. The company’s revenue for the quarter was up 17.2% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. As a group, equities analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

About Netflix

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.