James J. Burns & Company LLC Invests $323,000 in Netflix, Inc. $NFLX

Key Points

• James J. Burns & Company LLC invested approximately $323,000 in Netflix, purchasing 241 shares during the 2nd quarter, as stated in their Form 13F filing.
• Netflix reported a 15.9% year-on-year increase in quarterly revenue, achieving $11.08 billion for the quarter with an EPS of $7.19, surpassing estimates.
• Analyst ratings for Netflix are mixed, with one strong buy, 23 buy, nine hold, and three sell ratings, leading to a consensus rating of "Moderate Buy" with an average price target of $1,328.87.

James J. Burns & Company LLC bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 241 shares of the Internet television network's stock, valued at approximately $323,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Halbert Hargrove Global Advisors LLC grew its position in Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after purchasing an additional 13 shares in the last quarter. Maseco LLP bought a new stake in Netflix in the 2nd quarter worth about $39,000. Ransom Advisory Ltd bought a new stake in Netflix in the 2nd quarter worth about $47,000. Flaharty Asset Management LLC bought a new stake in Netflix in the 1st quarter worth about $37,000. Finally, Copia Wealth Management bought a new stake in Netflix in the 4th quarter worth about $37,000. 80.93% of the stock is owned by institutional investors.

Netflix Stock Down 0.7%

Shares of NASDAQ:NFLX opened at $1,218.47 on Wednesday. The firm has a fifty day moving average price of $1,210.96 and a two-hundred day moving average price of $1,145.17. 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, Inc. has a one year low of $677.88 and a one year high of $1,341.15. The company has a market cap of $517.76 billion, a price-to-earnings ratio of 51.92, a PEG ratio of 2.07 and a beta of 1.60.

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

Analyst Ratings Changes

A number of brokerages have issued reports on NFLX. Sanford C. Bernstein upped their price objective on shares of Netflix from $1,200.00 to $1,390.00 and gave the stock an "outperform" rating in a research report on Thursday, July 17th. Seaport Res Ptn downgraded shares of Netflix from a "strong-buy" rating to a "hold" rating in a research report on Sunday, July 6th. JPMorgan Chase & Co. upped their price objective on shares of Netflix from $1,230.00 to $1,300.00 and gave the stock a "neutral" rating in a research report on Friday, July 18th. Jefferies Financial Group reissued a "buy" rating on shares of Netflix in a research report on Thursday, September 11th. Finally, Zacks Research downgraded shares of Netflix from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 1st. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Netflix currently has a consensus rating of "Moderate Buy" and an average price target of $1,328.87.

Insider Activity

In other news, insider Cletus R. Willems sold 238 shares of the firm's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total transaction of $274,537.76. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Gregory K. Peters sold 2,026 shares of the firm's stock in a transaction on Tuesday, August 5th. The shares were 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 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 90 days, insiders have sold 88,728 shares of company stock worth $108,700,648. Corporate 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.

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