Emerald Advisors LLC Acquires 65 Shares of Netflix, Inc. $NFLX

Emerald Advisors LLC grew its holdings in Netflix, Inc. (NASDAQ:NFLX) by 8.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 830 shares of the Internet television network’s stock after acquiring an additional 65 shares during the quarter. Emerald Advisors LLC’s holdings in Netflix were worth $1,111,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of NFLX. Brighton Jones LLC boosted its position in shares of Netflix by 5.0% in the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock valued at $4,804,000 after acquiring an additional 257 shares during the period. Revolve Wealth Partners LLC raised its stake in shares of Netflix by 16.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock valued at $912,000 after purchasing an additional 144 shares in the last quarter. Fiduciary Alliance LLC raised its stake in shares of Netflix by 879.3% in the first quarter. Fiduciary Alliance LLC now owns 3,829 shares of the Internet television network’s stock valued at $3,571,000 after purchasing an additional 3,438 shares in the last quarter. NBC Securities Inc. raised its stake in shares of Netflix by 157,166.7% in the first quarter. NBC Securities Inc. now owns 4,718 shares of the Internet television network’s stock valued at $4,399,000 after purchasing an additional 4,715 shares in the last quarter. Finally, QV Investors Inc. raised its stake in shares of Netflix by 11.3% in the first quarter. QV Investors Inc. now owns 3,160 shares of the Internet television network’s stock valued at $2,947,000 after purchasing an additional 320 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Pivotal Research restated a “buy” rating on shares of Netflix in a research note on Thursday, July 10th. Jefferies Financial Group reiterated a “buy” rating on shares of Netflix in a research note on Thursday, September 11th. Phillip Securities lowered Netflix from a “hold” rating to a “strong sell” rating in a research note on Monday, July 21st. Wells Fargo & Company increased their price objective on Netflix from $1,500.00 to $1,560.00 and gave the stock an “overweight” rating in a research note on Friday, July 18th. Finally, The Goldman Sachs Group increased their price objective on Netflix from $1,000.00 to $1,140.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 2nd. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,328.87.

Insiders Place Their Bets

In related news, CEO Theodore A. Sarandos sold 2,026 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the transaction, the chief executive officer owned 15,168 shares in the company, valued at $17,604,284.16. This trade represents a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David A. Hyman sold 424 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total value of $491,276.08. Following the completion of the transaction, the insider owned 31,610 shares in the company, valued at approximately $36,625,558.70. This represents a 1.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 59,324 shares of company stock valued at $70,235,556 over the last 90 days. Corporate insiders own 1.37% of the company’s stock.

Netflix Stock Performance

Shares of NASDAQ:NFLX opened at $1,206.41 on Tuesday. Netflix, Inc. has a twelve month low of $677.88 and a twelve month high of $1,341.15. The firm has a market cap of $512.63 billion, a PE ratio of 51.40, a price-to-earnings-growth ratio of 2.04 and a beta of 1.60. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. The business has a fifty day moving average of $1,208.21 and a 200-day moving average of $1,155.55.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share 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 analyst estimates of $11.04 billion. During the same period last year, the company posted $4.88 earnings per share. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, equities research analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Netflix Profile

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.