XML Financial LLC Buys 140 Shares of Netflix, Inc. $NFLX

XML Financial LLC grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 49.5% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 423 shares of the Internet television network’s stock after purchasing an additional 140 shares during the period. XML Financial LLC’s holdings in Netflix were worth $566,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. HCR Wealth Advisors increased its holdings in Netflix by 1.5% during the 2nd quarter. HCR Wealth Advisors now owns 3,464 shares of the Internet television network’s stock worth $4,639,000 after purchasing an additional 50 shares in the last quarter. Centennial Wealth Advisory LLC bought a new stake in Netflix during the 2nd quarter worth approximately $216,000. Bennett Selby Investments LP increased its holdings in Netflix by 0.4% during the 2nd quarter. Bennett Selby Investments LP now owns 5,884 shares of the Internet television network’s stock worth $7,879,000 after purchasing an additional 24 shares in the last quarter. LifeGoal Wealth Advisors bought a new stake in Netflix during the 2nd quarter worth approximately $250,000. Finally, Kavar Capital Partners Group LLC increased its holdings in Netflix by 1.6% during the 2nd quarter. Kavar Capital Partners Group LLC now owns 1,016 shares of the Internet television network’s stock worth $1,360,000 after purchasing an additional 16 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

NFLX has been the subject of a number of recent research reports. Pivotal Research reissued a “buy” rating on shares of Netflix in a report on Thursday, July 10th. Sanford C. Bernstein upped their target price on Netflix from $1,200.00 to $1,390.00 and gave the company an “outperform” rating in a report on Thursday, July 17th. The Goldman Sachs Group reduced their target price on Netflix from $1,310.00 to $1,300.00 and set a “neutral” rating for the company in a report on Tuesday. Wells Fargo & Company upped their target price on Netflix from $1,500.00 to $1,560.00 and gave the company an “overweight” rating in a report on Friday, July 18th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $1,500.00 target price (up from $1,400.00) on shares of Netflix in a report on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and a consensus price target of $1,334.03.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Gregory K. Peters sold 2,026 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the sale, the chief executive officer owned 12,781 shares in the company, valued at $14,793,240.64. This represents a 13.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Theodore A. Sarandos sold 2,026 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the sale, the chief executive officer owned 15,168 shares in the company, valued at approximately $17,604,284.16. This represents a 11.78% decrease in their position. The disclosure for this sale can be found here. Insiders sold 59,324 shares of company stock valued at $70,235,556 in the last quarter. Insiders own 1.37% of the company’s stock.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $1,198.92 on Wednesday. The stock has a fifty day simple moving average of $1,208.39 and a two-hundred day simple moving average of $1,155.85. Netflix, Inc. has a 1-year low of $677.88 and a 1-year high of $1,341.15. The firm has a market cap of $509.46 billion, a price-to-earnings ratio of 51.08, a price-to-earnings-growth ratio of 2.03 and a beta of 1.60. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating the consensus estimate of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The business had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. During the same period in the prior year, the company earned $4.88 earnings per share. Netflix’s revenue was up 15.9% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Netflix Profile

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.