Emerald Advisors LLC Has $1.11 Million Holdings in Netflix, Inc. $NFLX

Emerald Advisors LLC boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 8.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 830 shares of the Internet television network’s stock after buying an additional 65 shares during the period. Emerald Advisors LLC’s holdings in Netflix were worth $1,111,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of NFLX. Halbert Hargrove Global Advisors LLC raised its holdings in Netflix by 100.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock worth $25,000 after buying an additional 13 shares during the period. Flaharty Asset Management LLC acquired a new stake in Netflix during the 1st quarter worth about $37,000. Maseco LLP acquired a new stake in Netflix during the 2nd quarter worth about $39,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Netflix in the 1st quarter valued at about $42,000. Finally, 1248 Management LLC acquired a new position in shares of Netflix in the 1st quarter valued at about $43,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Seaport Res Ptn downgraded Netflix from a “strong-buy” rating to a “hold” rating in a report on Sunday, July 6th. Piper Sandler upped their target price on Netflix from $1,400.00 to $1,500.00 and gave the company an “overweight” rating in a report on Friday, July 18th. Jefferies Financial Group reiterated a “buy” rating on shares of Netflix in a report on Thursday, September 11th. Robert W. Baird upped their target price on Netflix from $1,300.00 to $1,500.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Finally, Wedbush reiterated an “outperform” rating and issued a $1,500.00 target price (up previously from $1,400.00) on shares of Netflix in a report on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,328.87.

Netflix Trading Down 0.3%

Shares of NASDAQ NFLX opened at $1,206.41 on Tuesday. The stock has a market cap of $512.63 billion, a price-to-earnings ratio of 51.40, a PEG ratio of 2.04 and a beta of 1.60. The business has a 50 day simple moving average of $1,208.21 and a 200 day simple moving average of $1,155.55. 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) last announced its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating the consensus estimate of $7.07 by $0.12. The business 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 firm’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Activity

In other Netflix news, CEO Theodore A. Sarandos sold 2,026 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the completion of the sale, the chief executive officer 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gregory K. Peters sold 2,026 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 59,324 shares of company stock valued at $70,235,556. Insiders own 1.37% of the company’s stock.

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.