Netflix, Inc. $NFLX Holdings Lifted by McKinley Carter Wealth Services Inc.

McKinley Carter Wealth Services Inc. boosted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 9,802 shares of the Internet television network’s stock after buying an additional 195 shares during the period. McKinley Carter Wealth Services Inc.’s holdings in Netflix were worth $13,126,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of NFLX. Nuveen LLC bought a new position in Netflix during the first quarter valued at about $2,385,585,000. Kingstone Capital Partners Texas LLC lifted its holdings in shares of Netflix by 343,058.2% during the second quarter. Kingstone Capital Partners Texas LLC now owns 2,463,876 shares of the Internet television network’s stock valued at $3,299,450,000 after purchasing an additional 2,463,158 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Netflix by 57.3% during the first quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network’s stock valued at $3,164,134,000 after purchasing an additional 1,236,251 shares during the last quarter. Amundi lifted its holdings in shares of Netflix by 37.7% during the first quarter. Amundi now owns 2,070,221 shares of the Internet television network’s stock valued at $1,898,496,000 after purchasing an additional 567,251 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Netflix by 1.4% during the first quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network’s stock valued at $35,433,585,000 after purchasing an additional 509,255 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Up 1.4%

NFLX opened at $1,231.07 on Friday. Netflix, Inc. has a fifty-two week low of $677.88 and a fifty-two week high of $1,341.15. The business has a 50-day moving average of $1,209.61 and a 200-day moving average of $1,165.56. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. The company has a market capitalization of $523.12 billion, a PE ratio of 52.45, a price-to-earnings-growth ratio of 2.04 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 for the quarter, topping analysts’ consensus estimates of $7.07 by $0.12. The company had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The business’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period last year, the business earned $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Equities research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on NFLX. Phillip Securities downgraded Netflix from a “hold” rating to a “strong sell” rating in a report on Monday, July 21st. Sanford C. Bernstein upped their target price on Netflix from $1,200.00 to $1,390.00 and gave the company an “outperform” rating in a report on Thursday, July 17th. Robert W. Baird upped their target price on Netflix from $1,300.00 to $1,500.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Seaport Res Ptn raised Netflix from a “hold” rating to a “strong-buy” rating in a report on Monday. Finally, Citigroup reaffirmed a “neutral” rating and set a $1,295.00 target price (up from $1,280.00) on shares of Netflix in a report on Friday, October 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,337.63.

Insider Buying and Selling at Netflix

In other news, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $1,162.40, for a total transaction of $3,023,402.40. Following the transaction, the chief financial officer owned 3,691 shares of the company’s stock, valued at approximately $4,290,418.40. This represents a 41.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider David A. Hyman sold 424 shares of the 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 transaction, the insider directly 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 a total of 104,100 shares of company stock worth $122,710,980 in the last 90 days. Company insiders own 1.37% of the company’s stock.

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.