Purkiss Capital Advisors LLC Has $710,000 Holdings in Netflix, Inc. $NFLX

Purkiss Capital Advisors LLC boosted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 126.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 530 shares of the Internet television network’s stock after acquiring an additional 296 shares during the quarter. Purkiss Capital Advisors LLC’s holdings in Netflix were worth $710,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NFLX. Motley Fool Asset Management LLC raised its stake in shares of Netflix by 15.1% in the second quarter. Motley Fool Asset Management LLC now owns 27,109 shares of the Internet television network’s stock worth $36,302,000 after purchasing an additional 3,565 shares during the last quarter. May Hill Capital LLC grew its holdings in Netflix by 3.7% during the second quarter. May Hill Capital LLC now owns 1,457 shares of the Internet television network’s stock worth $1,951,000 after buying an additional 52 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Netflix by 22.5% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 114,786 shares of the Internet television network’s stock valued at $153,713,000 after buying an additional 21,100 shares during the last quarter. Advisory Alpha LLC lifted its stake in Netflix by 13.5% during the 2nd quarter. Advisory Alpha LLC now owns 2,619 shares of the Internet television network’s stock valued at $3,507,000 after acquiring an additional 311 shares in the last quarter. Finally, Rossby Financial LCC bought a new position in Netflix during the 2nd quarter valued at $35,000. 80.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on NFLX shares. Needham & Company LLC reiterated a “buy” rating and issued a $1,500.00 target price on shares of Netflix in a research note on Wednesday, October 22nd. Sanford C. Bernstein reaffirmed a “buy” rating on shares of Netflix in a research report on Friday, October 17th. KeyCorp lifted their target price on shares of Netflix from $1,070.00 to $1,390.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. Itau BBA Securities started coverage on Netflix in a research note on Tuesday, October 7th. They issued an “outperform” rating and a $1,514.00 target price on the stock. Finally, Wells Fargo & Company reduced their target price on Netflix from $1,560.00 to $1,510.00 and set an “overweight” rating for the company in a report on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,352.78.

Insiders Place Their Bets

In other Netflix news, CEO Gregory K. Peters sold 2,026 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the completion of the transaction, the chief executive officer owned 12,781 shares in the company, valued at $14,793,240.64. This trade represents a 13.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Reed Hastings sold 42,176 shares of Netflix stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total transaction of $49,426,897.92. Following the completion of the transaction, the director owned 394 shares of the company’s stock, valued at $461,736.48. The trade was a 99.07% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 104,100 shares of company stock worth $122,710,980 in the last ninety days. 1.37% of the stock is owned by corporate insiders.

Netflix Trading Down 0.0%

NASDAQ:NFLX opened at $1,094.56 on Tuesday. Netflix, Inc. has a 12 month low of $747.77 and a 12 month high of $1,341.15. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.56. The firm’s 50 day moving average is $1,204.20 and its 200 day moving average is $1,190.20. The stock has a market capitalization of $463.80 billion, a PE ratio of 45.72, a price-to-earnings-growth ratio of 1.89 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.88 by ($1.01). The firm had revenue of $11.51 billion during the quarter, compared to analysts’ expectations of $11.52 billion. Netflix had a return on equity of 41.86% and a net margin of 24.05%.The business’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same period in the prior year, the business earned $5.40 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. Sell-side analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current 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.