Netflix, Inc. $NFLX Shares Acquired by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 10.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 123,240 shares of the Internet television network’s stock after purchasing an additional 11,227 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Netflix were worth $11,850,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in NFLX. Checchi Capital Advisers LLC lifted its holdings in Netflix by 875.7% in the 4th quarter. Checchi Capital Advisers LLC now owns 31,143 shares of the Internet television network’s stock valued at $2,920,000 after purchasing an additional 27,951 shares in the last quarter. Contravisory Investment Management Inc. grew its holdings in shares of Netflix by 837.2% during the fourth quarter. Contravisory Investment Management Inc. now owns 111,380 shares of the Internet television network’s stock worth $10,443,000 after buying an additional 99,496 shares in the last quarter. BNC Wealth Management LLC grew its holdings in shares of Netflix by 991.3% during the fourth quarter. BNC Wealth Management LLC now owns 41,229 shares of the Internet television network’s stock worth $3,866,000 after buying an additional 37,451 shares in the last quarter. Crew Capital Management Ltd raised its position in shares of Netflix by 1,021.9% in the fourth quarter. Crew Capital Management Ltd now owns 9,031 shares of the Internet television network’s stock valued at $847,000 after buying an additional 8,226 shares during the last quarter. Finally, Family Capital Trust Co raised its position in shares of Netflix by 20,869.5% in the fourth quarter. Family Capital Trust Co now owns 27,470 shares of the Internet television network’s stock valued at $2,576,000 after buying an additional 27,339 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. TD Cowen restated a “buy” rating on shares of Netflix in a research report on Thursday, May 14th. The Goldman Sachs Group downgraded Netflix from a “neutral” rating to an “underweight” rating in a report on Thursday, June 18th. Barclays set a $110.00 price target on Netflix and gave the stock an “equal weight” rating in a research note on Friday, April 17th. Needham & Company LLC restated a “buy” rating on shares of Netflix in a report on Friday, April 17th. Finally, Citic Securities lifted their price objective on Netflix from $95.00 to $107.00 and gave the company a “hold” rating in a research report on Monday, April 27th. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $112.51.

Netflix News Roundup

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Several analysts remain constructive on Netflix heading into earnings, with TD Cowen, JPMorgan, Wedbush and others pointing to solid profit growth, expanding ad revenue, better ad pricing and stronger content in the second half of the year. Article Title
• Positive Sentiment: Options traders are betting on a comeback quarter, suggesting some market participants expect Netflix to beat subdued expectations after the stock’s sharp decline and low valuation. Article Title
• Positive Sentiment: Retail and value investors appear to be rotating back into NFLX because the shares have dropped to multi-year lows, making the stock look cheaper relative to growth and free-cash-flow potential. Article Title
• Neutral Sentiment: Netflix also announced an exclusive live stream of MLB’s Home Run Derby, reinforcing its push into live sports and event programming, but the near-term stock impact is likely limited unless it shows broader engagement benefits. Article Title
• Negative Sentiment: Some firms, including KeyBanc and Oppenheimer, trimmed price targets and warned the Q2 report may be only “largely in line,” reflecting lingering concerns about subscriber engagement, content costs and whether advertising can offset weaker sentiment. Article Title
• Negative Sentiment: Multiple reports note that NFLX has fallen sharply from recent highs and that Wall Street expects a tough quarter, so expectations remain fragile and the stock could swing if results or guidance disappoint. Article Title

Netflix Stock Up 0.6%

Shares of NASDAQ NFLX opened at $73.83 on Tuesday. Netflix, Inc. has a 12-month low of $70.86 and a 12-month high of $127.75. The company has a market cap of $310.88 billion, a P/E ratio of 23.85, a P/E/G ratio of 0.93 and a beta of 1.52. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.43. The stock has a fifty day moving average price of $81.38 and a 200 day moving average price of $87.45.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, April 16th. The Internet television network reported $1.23 EPS for the quarter, beating the consensus estimate of $0.76 by $0.47. The company had revenue of $12.25 billion for the quarter, compared to analyst estimates of $12.17 billion. Netflix had a return on equity of 40.92% and a net margin of 28.52%.The firm’s revenue was up 16.2% compared to the same quarter last year. During the same period last year, the company posted $6.61 earnings per share. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. Research analysts anticipate that Netflix, Inc. will post 3.6 EPS for the current fiscal year.

Insiders Place Their Bets

In other Netflix news, Director Bradford L. Smith sold 35,990 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $77.52, for a total value of $2,789,944.80. Following the completion of the transaction, the director owned 79,690 shares in the company, valued at $6,177,568.80. This represents a 31.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Reed Hastings sold 386,700 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $85.97, for a total transaction of $33,244,599.00. Following the completion of the sale, the director directly owned 3,940 shares of the company’s stock, valued at $338,721.80. This trade represents a 98.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 899,839 shares of company stock valued at $80,141,661. Company insiders own 1.24% of the company’s stock.

Netflix Profile

Netflix, Inc (NASDAQ: NFLX) is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company’s primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.