Exencial Wealth Advisors LLC Acquires 627 Shares of Netflix, Inc. $NFLX

Key Points

• Exencial Wealth Advisors LLC increased its holdings in Netflix by 41.0%, acquiring an additional 627 shares, bringing their total to 2,157 shares valued at approximately $2,888,000.
• Netflix's stock is currently trading down 10.1%, with a market cap of $474.38 billion and a one-year price range between $744.26 and $1,341.15.
• Netflix reported $5.87 EPS for the last quarter, missing the consensus estimate by $1.01 and revealing a revenue of $11.51 billion, slightly below expectations.

Exencial Wealth Advisors LLC increased its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 41.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,157 shares of the Internet television network's stock after acquiring an additional 627 shares during the period. Exencial Wealth Advisors LLC's holdings in Netflix were worth $2,888,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of NFLX. Brighton Jones LLC grew its holdings in Netflix by 5.0% during the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock valued at $4,804,000 after purchasing an additional 257 shares during the period. Revolve Wealth Partners LLC grew 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 during the period. GAMMA Investing LLC grew its holdings in Netflix by 17.6% during the first quarter. GAMMA Investing LLC now owns 9,475 shares of the Internet television network's stock valued at $8,836,000 after purchasing an additional 1,415 shares during the period. AssuredPartners Investment Advisors LLC grew its holdings in Netflix by 3.7% during the first quarter. AssuredPartners Investment Advisors LLC now owns 360 shares of the Internet television network's stock valued at $336,000 after purchasing an additional 13 shares during the period. Finally, Ledyard National Bank grew its holdings in Netflix by 4.7% during the first quarter. Ledyard National Bank now owns 268 shares of the Internet television network's stock valued at $250,000 after purchasing an additional 12 shares during the period. 80.93% of the stock is owned by institutional investors.

Netflix Trading Down 10.1%

NASDAQ:NFLX opened at $1,116.37 on Thursday. The company has a market cap of $474.38 billion, a P/E ratio of 46.63, a P/E/G ratio of 2.09 and a beta of 1.59. The stock's fifty day moving average price is $1,212.43 and its two-hundred day moving average price is $1,182.04. Netflix, Inc. has a 1 year low of $744.26 and a 1 year high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.88 by ($1.01). The company had revenue of $11.51 billion for the quarter, compared to analysts' expectations of $11.52 billion. Netflix had a return on equity of 42.45% and a net margin of 24.05%.The company's revenue was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.40 EPS. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. As a group, analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Buying and Selling

In related news, CEO Theodore A. Sarandos sold 2,026 shares of the stock in a transaction on 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 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Spencer Adam Neumann sold 2,600 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $1,172.51, for a total value of $3,048,526.00. Following the completion of the sale, the chief financial officer owned 3,691 shares in the company, valued at $4,327,734.41. This trade represents a 41.33% 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 valued at $122,710,980 in the last ninety days. 1.37% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. UBS Group set a $1,500.00 price objective on Netflix in a report on Wednesday. Zacks Research lowered Netflix from a "strong-buy" rating to a "hold" rating in a report on Monday, September 1st. Wedbush reduced their price objective on Netflix from $1,500.00 to $1,400.00 and set an "outperform" rating for the company in a report on Wednesday. Pivotal Research reissued a "buy" rating on shares of Netflix in a report on Thursday, July 10th. Finally, Morgan Stanley set a $1,500.00 price objective on Netflix in a report on Monday, October 13th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $1,341.22.

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.

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