EverSource Wealth Advisors LLC Has $6.66 Million Holdings in Netflix, Inc. $NFLX

EverSource Wealth Advisors LLC boosted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 11.6% during the 1st quarter, Holdings Channel.com reports. The fund owned 69,250 shares of the Internet television network’s stock after purchasing an additional 7,214 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Netflix were worth $6,658,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Empire Financial Management Company LLC bought a new stake in Netflix during the 1st quarter worth approximately $2,271,000. Ruane Cunniff & Goldfarb L.P. raised its stake in shares of Netflix by 55.0% in the first quarter. Ruane Cunniff & Goldfarb L.P. now owns 8,091 shares of the Internet television network’s stock worth $778,000 after purchasing an additional 2,871 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Netflix by 115.0% in the first quarter. Empowered Funds LLC now owns 858,348 shares of the Internet television network’s stock valued at $82,530,000 after purchasing an additional 459,153 shares in the last quarter. Evelyn Partners Investment Management LLP lifted its holdings in shares of Netflix by 9.7% in the first quarter. Evelyn Partners Investment Management LLP now owns 207,610 shares of the Internet television network’s stock valued at $19,962,000 after purchasing an additional 18,279 shares in the last quarter. Finally, Evelyn Partners Investment Management Services Ltd boosted its position in shares of Netflix by 147.3% during the first quarter. Evelyn Partners Investment Management Services Ltd now owns 29,074 shares of the Internet television network’s stock valued at $2,795,000 after buying an additional 17,319 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on NFLX. China Intl Cap upgraded Netflix to a “strong-buy” rating in a report on Tuesday, July 21st. Daiwa Securities Group lifted their price objective on shares of Netflix from $97.00 to $102.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Citic Securities upped their target price on shares of Netflix from $95.00 to $107.00 and gave the stock a “hold” rating in a research note on Monday, April 27th. KGI Securities downgraded shares of Netflix from an “outperform” rating to a “neutral” rating and set a $75.00 target price for the company. in a report on Friday, July 17th. Finally, Oppenheimer set a $85.00 price target on shares of Netflix and gave the stock an “outperform” rating in a report on Friday, July 17th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, seventeen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $103.48.

Netflix News Summary

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Canada’s government appears poised to scrap an entertainment levy affecting companies including Netflix, potentially removing a regulatory cost and easing tensions with U.S. officials and Hollywood studios. Netflix Tax Will Soon Be Scrapped, Canada Hints in Court Filing
• Positive Sentiment: Several analysts and commentators view the roughly 25% decline from recent levels—and more than 40% drop from the highs—as excessive, arguing that Netflix is now valued more attractively relative to its history. They cite strong profitability, share buybacks, advertising growth and potential AI-related advantages as reasons the stock could recover. Netflix Is Betting Billions That AI Will Strengthen Its Business
• Positive Sentiment: Options activity and investor commentary indicate that bullish traders are still positioning for a rebound after the earnings-driven decline, suggesting the selloff has attracted dip buyers. Call Traders Aren’t Giving Up on Netflix Stock
• Neutral Sentiment: Former LVMH CEO Bernard Arnault said he regrets selling his early Netflix investment too soon. The comments reinforce Netflix’s long-term wealth-creation history but are unlikely to affect near-term fundamentals. Bernard Arnault Regrets Selling His Early Netflix Stake
• Negative Sentiment: The primary overhang remains disappointing third-quarter guidance, which overshadowed an otherwise solid second-quarter report and contributed to the sharp post-earnings selloff. Analysts also caution that Netflix has fewer obvious avenues to accelerate earnings growth.
• Negative Sentiment: Altimetry argues Netflix may still not be cheap because its valuation assumes sustained high profitability and continued growth despite intensifying competition from Disney, Paramount Skydance, YouTube, short-form video and AI-generated content. 3 Stocks Standing Out and 2 Losing Momentum

Insiders Place Their Bets

In other news, CFO Spencer Adam Neumann sold 9,253 shares of Netflix stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $88.95, for a total value of $823,054.35. Following the completion of the transaction, the chief financial officer owned 73,787 shares in the company, valued at $6,563,353.65. This trade represents a 11.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Reed Hastings sold 386,700 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $85.97, for a total transaction of $33,244,599.00. Following the completion of the sale, the director directly owned 3,940 shares in the company, valued at approximately $338,721.80. This trade represents a 98.99% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 899,839 shares of company stock valued at $80,141,661. Company insiders own 1.24% of the company’s stock.

Netflix Stock Up 2.8%

Shares of NASDAQ:NFLX opened at $72.39 on Wednesday. The company has a market capitalization of $301.43 billion, a PE ratio of 22.79, a price-to-earnings-growth ratio of 0.88 and a beta of 1.52. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.14 and a quick ratio of 1.14. The business has a fifty day moving average price of $77.61 and a two-hundred day moving average price of $85.74. Netflix, Inc. has a 1 year low of $65.08 and a 1 year high of $126.71.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, July 16th. The Internet television network reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. The company had revenue of $12.56 billion for the quarter, compared to analysts’ expectations of $12.58 billion. Netflix had a return on equity of 40.02% and a net margin of 28.22%.The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.72 EPS. Analysts forecast that Netflix, Inc. will post 3.59 earnings per share for the current year.

Netflix Profile

Netflix, Inc (NASDAQ: NFLX) is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company’s primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.