Axxcess Wealth Management LLC Grows Position in Netflix, Inc. $NFLX

Axxcess Wealth Management LLC lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,778 shares of the Internet television network’s stock after buying an additional 581 shares during the period. Netflix makes up 0.8% of Axxcess Wealth Management LLC’s portfolio, making the stock its 27th biggest position. Axxcess Wealth Management LLC’s holdings in Netflix were worth $35,859,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Halbert Hargrove Global Advisors LLC lifted its holdings in Netflix by 100.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock valued at $25,000 after acquiring an additional 13 shares during the period. Stephens Consulting LLC lifted its holdings in Netflix by 150.0% in the second quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock valued at $33,000 after acquiring an additional 15 shares during the period. Flaharty Asset Management LLC bought a new position in Netflix in the first quarter valued at about $37,000. Maseco LLP bought a new position in Netflix in the second quarter valued at about $39,000. Finally, Barnes Dennig Private Wealth Management LLC bought a new position in Netflix in the first quarter valued at about $42,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Loop Capital raised Netflix from a “hold” rating to a “buy” rating and increased their target price for the company from $1,150.00 to $1,350.00 in a report on Wednesday, September 17th. Itau BBA Securities assumed coverage on Netflix in a report on Tuesday, October 7th. They issued an “outperform” rating and a $1,514.00 target price on the stock. Sanford C. Bernstein increased 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. Cowen reaffirmed a “buy” rating on shares of Netflix in a research note on Tuesday, October 7th. Finally, Wall Street Zen downgraded Netflix from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,337.63.

Netflix Stock Down 0.1%

NASDAQ NFLX opened at $1,219.03 on Tuesday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 52 week low of $677.88 and a 52 week high of $1,341.15. The stock’s 50-day moving average price is $1,211.81 and its 200-day moving average price is $1,171.80. The company has a market capitalization of $518.00 billion, a P/E ratio of 51.94, a price-to-earnings-growth ratio of 2.05 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $11.08 billion during the quarter, compared to analysts’ expectations of $11.04 billion. During the same quarter last year, the business posted $4.88 earnings per share. The firm’s revenue was up 15.9% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, equities research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Activity

In related news, CFO Spencer Adam Neumann sold 2,600 shares of the stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $1,172.51, for a total transaction of $3,048,526.00. Following the completion of the sale, the chief financial officer 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 SEC, which can be accessed through this hyperlink. Also, CEO Theodore A. Sarandos sold 2,026 shares of the stock in a transaction dated 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 of the company’s stock, valued at $17,604,284.16. This represents a 11.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,100 shares of company stock valued at $122,710,980 in the last three months. 1.37% of the stock is currently owned by insiders.

Netflix Company 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.