Exencial Wealth Advisors LLC Raises Position in Netflix, Inc. $NFLX

Exencial Wealth Advisors LLC raised its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 41.0% during the second quarter, HoldingsChannel reports. The firm owned 2,157 shares of the Internet television network’s stock after purchasing an additional 627 shares during the period. Exencial Wealth Advisors LLC’s holdings in Netflix were worth $2,888,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Stephens Consulting LLC raised its position in Netflix by 150.0% during the second quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock valued at $33,000 after purchasing an additional 15 shares in the last quarter. Flaharty Asset Management LLC purchased a new stake in Netflix during the first quarter valued at about $37,000. Maseco LLP purchased a new stake in Netflix during the second quarter valued at about $39,000. LGT Financial Advisors LLC purchased a new stake in Netflix during the second quarter valued at about $40,000. Finally, Barnes Dennig Private Wealth Management LLC purchased a new stake in Netflix during the first quarter valued at about $42,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In other news, CFO Spencer Adam Neumann sold 2,600 shares of Netflix stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $1,172.51, for a total transaction of $3,048,526.00. Following the completion of the transaction, the chief financial officer directly owned 3,691 shares in the company, valued at approximately $4,327,734.41. This trade represents a 41.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Cletus R. Willems sold 238 shares of Netflix 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 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. Insiders own 1.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NFLX. Piper Sandler restated an “overweight” rating and set a $1,400.00 price target (down previously from $1,500.00) on shares of Netflix in a research report on Wednesday. Wall Street Zen downgraded Netflix from a “buy” rating to a “hold” rating in a research report on Saturday, October 4th. KeyCorp raised their price objective on Netflix from $1,070.00 to $1,390.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. Benchmark reaffirmed a “hold” rating on shares of Netflix in a research note on Wednesday. Finally, Cowen reaffirmed a “buy” rating on shares of Netflix in a research note on Tuesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and a consensus target price of $1,341.22.

Netflix Stock Performance

Netflix stock opened at $1,116.37 on Thursday. The stock’s 50 day simple moving average is $1,212.43 and its two-hundred day simple moving average is $1,182.04. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a market cap of $474.38 billion, a price-to-earnings ratio of 46.63, a PEG ratio of 2.09 and a beta of 1.59. Netflix, Inc. has a fifty-two week low of $744.26 and a fifty-two week high of $1,341.15.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share for the quarter, missing the consensus estimate of $6.88 by ($1.01). The firm had revenue of $11.51 billion for 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 42.45%. The business’s revenue was up 17.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.40 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. As a group, analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal 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.