Sax Wealth Advisors LLC Has $3.68 Million Stock Holdings in Netflix, Inc. $NFLX

Key Points

• Sax Wealth Advisors LLC increased its stock holdings in Netflix, Inc. by 15.1% during the 2nd quarter, bringing their total value to $3.68 million.
• Institutional investors and hedge funds own approximately 80.93% of Netflix's stock, indicating strong institutional confidence in the company.
• Netflix beat analysts' earnings expectations with an EPS of $7.19, along with a revenue of $11.08 billion during its last reported quarter.

Sax Wealth Advisors LLC raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 15.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,748 shares of the Internet television network's stock after purchasing an additional 360 shares during the period. Sax Wealth Advisors LLC's holdings in Netflix were worth $3,680,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NFLX. Nuveen LLC acquired a new position in Netflix during the first quarter valued at approximately $2,385,585,000. Kingstone Capital Partners Texas LLC grew its stake in shares of Netflix by 343,058.2% in the second quarter. Kingstone Capital Partners Texas LLC now owns 2,463,876 shares of the Internet television network's stock worth $3,299,450,000 after acquiring an additional 2,463,158 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Netflix by 57.3% in the first quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network's stock worth $3,164,134,000 after acquiring an additional 1,236,251 shares during the last quarter. Amundi grew its stake in shares of Netflix by 37.7% in the first quarter. Amundi now owns 2,070,221 shares of the Internet television network's stock worth $1,898,496,000 after acquiring an additional 567,251 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Netflix by 1.4% in the first quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock worth $35,433,585,000 after acquiring an additional 509,255 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Stock Up 2.4%

Shares of NASDAQ NFLX opened at $1,191.06 on Wednesday. The stock has a market cap of $506.12 billion, a PE ratio of 50.75, a PEG ratio of 1.96 and a beta of 1.59. The business has a fifty day moving average of $1,207.58 and a two-hundred day moving average of $1,163.42. Netflix, Inc. has a 52-week low of $677.88 and a 52-week high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $7.07 by $0.12. The company had revenue of $11.08 billion during the quarter, compared to analysts' expectations of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The business's revenue was up 15.9% on a year-over-year basis. During the same period last year, the business earned $4.88 earnings per share. 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 fiscal year.

Insiders Place Their Bets

In related news, insider David A. Hyman sold 424 shares of Netflix stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,158.67, for a total value of $491,276.08. Following the completion of the transaction, the insider directly owned 31,610 shares of the company's stock, valued at $36,625,558.70. The trade was a 1.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Theodore A. Sarandos sold 2,026 shares of Netflix stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the completion of the transaction, the chief executive officer directly owned 15,168 shares of the company's stock, valued at $17,604,284.16. This represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,100 shares of company stock valued at $122,710,980 over the last three months. Company insiders own 1.37% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on NFLX shares. Needham & Company LLC restated a "buy" rating and issued a $1,500.00 price objective on shares of Netflix in a research note on Wednesday, September 10th. Morgan Stanley restated an "equal weight" rating on shares of Netflix in a research note on Monday, July 21st. Pivotal Research reaffirmed a "buy" rating on shares of Netflix in a research report on Thursday, July 10th. TD Cowen reduced their target price on Netflix from $1,450.00 to $1,425.00 and set a "buy" rating for the company in a research report on Tuesday. Finally, Sanford C. Bernstein raised their target price on Netflix from $1,200.00 to $1,390.00 and gave the stock an "outperform" rating in a research report on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $1,337.63.

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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