Kercheville Advisors LLC Increases Stock Holdings in Netflix, Inc. $NFLX

Key Points

• Kercheville Advisors LLC has increased its stake in Netflix by 3.9%, owning a total of 9,785 shares worth approximately $13.1 million, making it the firm's 5th largest holding.
• Several large investors boosted their positions in Netflix during the second quarter, with Global Strategic Investment Solutions LLC increasing its stake by 41.7%.
• Analysts remain optimistic about Netflix's stock, with 24 analysts rating it as a Buy, and a consensus price target of $1,335.00.

Kercheville Advisors LLC lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 3.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,785 shares of the Internet television network's stock after purchasing an additional 365 shares during the period. Netflix accounts for approximately 4.5% of Kercheville Advisors LLC's investment portfolio, making the stock its 5th biggest holding. Kercheville Advisors LLC's holdings in Netflix were worth $13,103,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Global Strategic Investment Solutions LLC increased its stake in shares of Netflix by 41.7% during the second quarter. Global Strategic Investment Solutions LLC now owns 438 shares of the Internet television network's stock worth $587,000 after purchasing an additional 129 shares during the period. Beacon Financial Advisory LLC increased its stake in shares of Netflix by 3.1% during the second quarter. Beacon Financial Advisory LLC now owns 1,421 shares of the Internet television network's stock worth $1,903,000 after purchasing an additional 43 shares during the period. Alta Wealth Advisors LLC increased its stake in shares of Netflix by 12.4% during the second quarter. Alta Wealth Advisors LLC now owns 580 shares of the Internet television network's stock worth $777,000 after purchasing an additional 64 shares during the period. Simplicity Wealth LLC increased its stake in shares of Netflix by 98.8% during the second quarter. Simplicity Wealth LLC now owns 7,307 shares of the Internet television network's stock worth $9,785,000 after purchasing an additional 3,632 shares during the period. Finally, Brown Miller Wealth Management LLC increased its stake in shares of Netflix by 70.1% during the second quarter. Brown Miller Wealth Management LLC now owns 592 shares of the Internet television network's stock worth $793,000 after purchasing an additional 244 shares during the period. Institutional investors own 80.93% of the company's stock.

Insider Transactions at Netflix

In related news, CEO Theodore A. Sarandos sold 2,026 shares of the business'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 completion of the sale, the chief executive officer directly owned 15,168 shares of the company's stock, valued at $17,604,284.16. The trade was a 11.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Gregory K. Peters sold 2,026 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the completion of the sale, the chief executive officer directly owned 12,781 shares of the company's stock, valued at $14,793,240.64. The trade was a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 104,100 shares of company stock worth $122,710,980. Corporate insiders own 1.37% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on NFLX shares. Jefferies Financial Group reiterated a "buy" rating on shares of Netflix in a research note on Thursday, September 11th. Canaccord Genuity Group restated a "buy" rating on shares of Netflix in a research note on Thursday, July 10th. Pivotal Research restated a "buy" rating on shares of Netflix in a research note on Thursday, July 10th. Barclays restated a "sell" rating and set a $1,100.00 price objective (up previously from $1,000.00) on shares of Netflix in a research note on Wednesday, July 9th. Finally, Oppenheimer raised their price objective on Netflix from $1,200.00 to $1,425.00 and gave the stock an "outperform" rating in a research note on Thursday, June 12th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $1,335.00.

Netflix Stock Performance

NFLX stock opened at $1,153.32 on Friday. The stock has a 50-day moving average price of $1,207.36 and a 200-day moving average price of $1,160.35. Netflix, Inc. has a 1-year low of $677.88 and a 1-year high of $1,341.15. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The firm has a market cap of $490.08 billion, a PE ratio of 49.14, a price-to-earnings-growth ratio of 1.94 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share 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 analyst estimates of $11.04 billion. During the same period last year, the company posted $4.88 EPS. The business's quarterly revenue was up 15.9% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, equities research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

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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