Drake & Associates LLC Purchases 544 Shares of Netflix, Inc. $NFLX

Drake & Associates LLC boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 110.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,035 shares of the Internet television network’s stock after buying an additional 544 shares during the period. Drake & Associates LLC’s holdings in Netflix were worth $1,386,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Brighton Jones LLC increased its stake in 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 boosted its holdings in Netflix by 16.4% during 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. Patriot Financial Group Insurance Agency LLC grew its stake in shares of Netflix by 7.5% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 1,623 shares of the Internet television network’s stock valued at $1,513,000 after purchasing an additional 113 shares during the period. Wedge Capital Management L L P NC acquired a new position in shares of Netflix in the 1st quarter worth approximately $214,000. Finally, Capital Investment Advisors LLC lifted its position in shares of Netflix by 77.5% during the 1st quarter. Capital Investment Advisors LLC now owns 3,904 shares of the Internet television network’s stock worth $3,640,000 after buying an additional 1,705 shares during the period. Institutional investors own 80.93% of the company’s stock.

Insider Activity at Netflix

In other Netflix news, insider Cletus R. Willems sold 238 shares of the stock in a transaction dated Wednesday, August 6th. The stock was 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 at this hyperlink. Also, CEO Gregory K. Peters 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 $1,157.44, for a total value of $2,344,973.44. Following the transaction, the chief executive officer owned 12,781 shares in the company, valued at approximately $14,793,240.64. This trade represents a 13.68% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 104,100 shares of company stock worth $122,710,980. 1.37% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on NFLX shares. BMO Capital Markets reiterated an “outperform” rating and issued a $1,425.00 price target (up from $1,200.00) on shares of Netflix in a research report on Tuesday, July 15th. Wedbush reiterated an “outperform” rating and set a $1,500.00 target price (up previously from $1,400.00) on shares of Netflix in a research report on Monday, July 14th. TD Cowen lifted their price target on shares of Netflix from $1,440.00 to $1,450.00 and gave the company a “buy” rating in a report on Friday, July 18th. Wells Fargo & Company upped their price objective on shares of 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, Citigroup reaffirmed a “neutral” rating and set a $1,295.00 price objective (up previously from $1,280.00) on shares of Netflix in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Netflix has an average rating of “Moderate Buy” and a consensus target price of $1,335.00.

Netflix Stock Performance

Shares of NASDAQ:NFLX opened at $1,163.31 on Tuesday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 1-year low of $677.88 and a 1-year high of $1,341.15. The stock has a market capitalization of $494.33 billion, a P/E ratio of 49.57, a P/E/G ratio of 1.94 and a beta of 1.59. The business has a 50-day moving average price of $1,207.13 and a two-hundred day moving average price of $1,163.23.

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

Netflix Company 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.