Empirical Financial Services LLC d.b.a. Empirical Wealth Management Increases Stake in Netflix, Inc. $NFLX

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 10.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 123,240 shares of the Internet television network’s stock after buying an additional 11,227 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Netflix were worth $11,850,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Bleakley Financial Group LLC lifted its stake in Netflix by 7.9% in the first quarter. Bleakley Financial Group LLC now owns 149,361 shares of the Internet television network’s stock worth $14,361,000 after acquiring an additional 10,991 shares during the last quarter. V2 Financial group LLC increased its position in shares of Netflix by 40.4% in the 1st quarter. V2 Financial group LLC now owns 8,623 shares of the Internet television network’s stock valued at $829,000 after purchasing an additional 2,483 shares during the last quarter. WJ Financial Advisors LLC increased its position in shares of Netflix by 13.9% in the 1st quarter. WJ Financial Advisors LLC now owns 7,999 shares of the Internet television network’s stock valued at $769,000 after purchasing an additional 979 shares during the last quarter. Center for Financial Planning Inc. raised its holdings in shares of Netflix by 14.4% in the 1st quarter. Center for Financial Planning Inc. now owns 5,550 shares of the Internet television network’s stock valued at $534,000 after purchasing an additional 700 shares in the last quarter. Finally, HBW Advisory Services LLC raised its holdings in shares of Netflix by 9.6% in the 1st quarter. HBW Advisory Services LLC now owns 25,386 shares of the Internet television network’s stock valued at $2,441,000 after purchasing an additional 2,230 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $73.83 on Tuesday. The company has a 50-day simple moving average of $81.38 and a 200-day simple moving average of $87.45. Netflix, Inc. has a one year low of $70.86 and a one year high of $127.75. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a market capitalization of $310.88 billion, a price-to-earnings ratio of 23.85, a PEG ratio of 0.93 and a beta of 1.52.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, April 16th. The Internet television network reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.47. The firm had revenue of $12.25 billion for the quarter, compared to analyst estimates of $12.17 billion. Netflix had a return on equity of 40.92% and a net margin of 28.52%.The business’s revenue was up 16.2% on a year-over-year basis. During the same quarter last year, the company posted $6.61 earnings per share. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. On average, analysts predict that Netflix, Inc. will post 3.6 EPS for the current year.

Analyst Ratings Changes

NFLX has been the subject of a number of analyst reports. Weiss Ratings downgraded shares of Netflix from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, June 26th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Netflix in a research report on Wednesday, April 22nd. HSBC increased their price objective on Netflix from $106.00 to $114.00 and gave the company a “buy” rating in a report on Friday, April 10th. Sanford C. Bernstein set a $100.00 target price on Netflix and gave the stock an “outperform” rating in a research report on Wednesday, July 8th. Finally, Seaport Research Partners boosted their target price on Netflix from $115.00 to $119.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $112.51.

Netflix News Roundup

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Several analysts remain constructive on Netflix heading into earnings, with TD Cowen, JPMorgan, Wedbush and others pointing to solid profit growth, expanding ad revenue, better ad pricing and stronger content in the second half of the year. Article Title
• Positive Sentiment: Options traders are betting on a comeback quarter, suggesting some market participants expect Netflix to beat subdued expectations after the stock’s sharp decline and low valuation. Article Title
• Positive Sentiment: Retail and value investors appear to be rotating back into NFLX because the shares have dropped to multi-year lows, making the stock look cheaper relative to growth and free-cash-flow potential. Article Title
• Neutral Sentiment: Netflix also announced an exclusive live stream of MLB’s Home Run Derby, reinforcing its push into live sports and event programming, but the near-term stock impact is likely limited unless it shows broader engagement benefits. Article Title
• Negative Sentiment: Some firms, including KeyBanc and Oppenheimer, trimmed price targets and warned the Q2 report may be only “largely in line,” reflecting lingering concerns about subscriber engagement, content costs and whether advertising can offset weaker sentiment. Article Title
• Negative Sentiment: Multiple reports note that NFLX has fallen sharply from recent highs and that Wall Street expects a tough quarter, so expectations remain fragile and the stock could swing if results or guidance disappoint. Article Title

Insider Activity at Netflix

In other news, CFO Spencer Adam Neumann sold 9,253 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $88.95, for a total value of $823,054.35. Following the transaction, the chief financial officer owned 73,787 shares of the company’s stock, valued at approximately $6,563,353.65. The trade was a 11.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Bradford L. Smith sold 35,990 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $77.52, for a total value of $2,789,944.80. Following the sale, the director owned 79,690 shares of the company’s stock, valued at $6,177,568.80. This trade represents a 31.11% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 899,839 shares of company stock worth $80,141,661 in the last ninety days. Company insiders own 1.24% of the company’s stock.

Netflix Profile

Netflix, Inc (NASDAQ: NFLX) is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company’s primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.