Apexium Financial LP Acquires 63 Shares of Netflix, Inc. $NFLX

Apexium Financial LP raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,770 shares of the Internet television network’s stock after acquiring an additional 63 shares during the quarter. Apexium Financial LP’s holdings in Netflix were worth $2,370,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Halbert Hargrove Global Advisors LLC raised its holdings in Netflix by 100.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock valued at $25,000 after acquiring an additional 13 shares during the period. Maseco LLP bought a new stake in Netflix during the 2nd quarter valued at $39,000. Ransom Advisory Ltd bought a new stake in Netflix during the 2nd quarter valued at $47,000. Flaharty Asset Management LLC bought a new stake in Netflix during the 1st quarter valued at $37,000. Finally, Signature Resources Capital Management LLC raised 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 acquiring an additional 37 shares during the period. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Down 0.8%

NFLX opened at $1,153.32 on Friday. The business’s fifty day simple moving average is $1,207.36 and its 200 day simple moving average is $1,158.96. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 52 week low of $677.88 and a 52 week high of $1,341.15. The stock has a market cap of $490.08 billion, a PE ratio of 49.14, a P/E/G ratio of 1.96 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. During the same period in the prior year, the business posted $4.88 earnings per share. The company’s revenue was up 15.9% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on NFLX shares. Robert W. Baird upped their price target on shares of Netflix from $1,300.00 to $1,500.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. Citigroup reaffirmed a “neutral” rating and issued a $1,295.00 price target (up previously from $1,280.00) on shares of Netflix in a report on Friday. Canaccord Genuity Group reaffirmed a “buy” rating on shares of Netflix in a report on Thursday, July 10th. Oppenheimer upped their price target on shares of Netflix from $1,200.00 to $1,425.00 and gave the stock an “outperform” rating in a report on Thursday, June 12th. Finally, Pivotal Research reaffirmed a “buy” rating on shares of Netflix in a report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,335.00.

Insider Buying and Selling at Netflix

In other Netflix news, insider Cletus R. Willems sold 238 shares of the company’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total transaction of $274,537.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gregory K. Peters sold 2,026 shares of the company’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the sale, the chief executive officer owned 12,781 shares of the company’s stock, valued at approximately $14,793,240.64. The trade was a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 104,100 shares of company stock valued at $122,710,980. 1.37% of the stock is currently owned by insiders.

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.