626 Financial LLC Has $1.90 Million Stock Holdings in Netflix, Inc. $NFLX

626 Financial LLC lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 132.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,417 shares of the Internet television network’s stock after purchasing an additional 808 shares during the period. Netflix accounts for 0.9% of 626 Financial LLC’s portfolio, making the stock its 19th largest holding. 626 Financial LLC’s holdings in Netflix were worth $1,898,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of NFLX. Nuveen LLC acquired a new position in shares of Netflix during the 1st quarter worth about $2,385,585,000. Kingstone Capital Partners Texas LLC boosted its holdings in shares of Netflix by 343,058.2% during the 2nd 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 buying an additional 2,463,158 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Netflix by 57.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network’s stock worth $3,164,134,000 after buying an additional 1,236,251 shares during the period. Amundi boosted its holdings in shares of Netflix by 37.7% during the 1st quarter. Amundi now owns 2,070,221 shares of the Internet television network’s stock worth $1,898,496,000 after buying an additional 567,251 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of Netflix by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network’s stock worth $35,433,585,000 after buying an additional 509,255 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Netflix

In other news, insider Cletus R. Willems sold 238 shares of the company’s stock in a transaction that occurred 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Reed Hastings sold 42,176 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total transaction of $49,426,897.92. Following the sale, the director directly owned 394 shares of the company’s stock, valued at approximately $461,736.48. This trade represents a 99.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 104,100 shares of company stock worth $122,710,980 in the last 90 days. Corporate insiders own 1.37% of the company’s stock.

Netflix Stock Performance

NASDAQ NFLX opened at $1,102.50 on Wednesday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $467.16 billion, a P/E ratio of 46.05, a P/E/G ratio of 1.89 and a beta of 1.59. Netflix, Inc. has a 12-month low of $747.77 and a 12-month high of $1,341.15. The firm has a 50-day moving average price of $1,201.97 and a two-hundred day moving average price of $1,191.47.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.88 by ($1.01). The business had revenue of $11.51 billion during the quarter, compared to the consensus estimate of $11.52 billion. Netflix had a net margin of 24.05% and a return on equity of 41.86%. The business’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same period in the prior year, the firm earned $5.40 EPS. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. Analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on NFLX. Argus set a $1,410.00 target price on shares of Netflix in a report on Thursday, October 23rd. Jefferies Financial Group reaffirmed a “buy” rating and set a $1,500.00 target price on shares of Netflix in a report on Wednesday, October 22nd. JPMorgan Chase & Co. reduced their target price on shares of Netflix from $1,300.00 to $1,275.00 and set a “neutral” rating for the company in a report on Wednesday, October 22nd. Morgan Stanley set a $1,500.00 target price on shares of Netflix in a report on Monday, October 13th. Finally, Barclays reaffirmed a “sell” rating and set a $1,100.00 target price (up previously from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,344.64.

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.