Empirical Financial Services LLC d.b.a. Empirical Wealth Management Purchases 1,295 Shares of Netflix, Inc. $NFLX

Key Points

• Empirical Financial Services LLC increased its holdings in Netflix, Inc. by 13.8% during the second quarter, acquiring an additional 1,295 shares to bring their total to 10,664 shares worth approximately $14.28 million.
• Several institutional investors have recently increased their positions in Netflix, with 80.93% of the company's stock now owned by institutional shareholders.
• Analysts have mixed opinions on Netflix's stock, with ratings ranging from "Strong Buy" to "Sell," while the stock currently has a consensus target price of $1,334.03.

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 13.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,664 shares of the Internet television network's stock after buying an additional 1,295 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management's holdings in Netflix were worth $14,281,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in NFLX. Brighton Jones LLC grew its position in shares of Netflix by 5.0% during the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock worth $4,804,000 after buying an additional 257 shares in the last quarter. Revolve Wealth Partners LLC grew its position in shares of Netflix by 16.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock worth $912,000 after buying an additional 144 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its position in shares of Netflix by 16.4% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 1,756 shares of the Internet television network's stock worth $1,638,000 after buying an additional 248 shares in the last quarter. Apella Capital LLC grew its position in shares of Netflix by 29.9% during the 1st quarter. Apella Capital LLC now owns 1,391 shares of the Internet television network's stock worth $1,315,000 after buying an additional 320 shares in the last quarter. Finally, Secure Asset Management LLC grew its position in shares of Netflix by 6.2% during the 1st quarter. Secure Asset Management LLC now owns 944 shares of the Internet television network's stock worth $881,000 after buying an additional 55 shares in the last quarter. Institutional investors own 80.93% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Needham & Company LLC reissued a "buy" rating and set a $1,500.00 price target on shares of Netflix in a research report on Wednesday, September 10th. KeyCorp raised their price objective on Netflix from $1,070.00 to $1,390.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. UBS Group reaffirmed a "market underperform" rating on shares of Netflix in a research report on Saturday, July 19th. Pivotal Research reaffirmed a "buy" rating on shares of Netflix in a research report on Thursday, July 10th. Finally, Zacks Research downgraded Netflix from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $1,334.03.

Insider Activity

In related news, 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 transaction of $2,344,973.44. Following the sale, the chief executive officer directly owned 12,781 shares of the company's stock, valued at $14,793,240.64. This trade represents a 13.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 sale, the chief executive officer directly owned 15,168 shares in the company, valued at approximately $17,604,284.16. This trade represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,100 shares of company stock valued at $122,710,980 over the last 90 days. Company insiders own 1.37% of the company's stock.

Netflix Trading Down 0.7%

Shares of NASDAQ:NFLX opened at $1,162.53 on Friday. 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 $493.99 billion, a price-to-earnings ratio of 49.53, a PEG ratio of 1.97 and a beta of 1.59. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. The business has a 50-day moving average price of $1,207.90 and a 200-day moving average price of $1,157.42.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm had revenue of $11.08 billion during the quarter, compared to analysts' expectations of $11.04 billion. During the same period last year, the business posted $4.88 earnings per share. The company's revenue for the quarter 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. Equities analysts predict that Netflix, Inc. will post 24.58 EPS for the current 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.