Empire Financial Management Company LLC Acquires Shares of 23,615 Netflix, Inc. $NFLX

Empire Financial Management Company LLC acquired a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,615 shares of the Internet television network’s stock, valued at approximately $2,271,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Netflix by 912.5% during the 4th quarter. Vanguard Group Inc. now owns 390,014,981 shares of the Internet television network’s stock valued at $36,567,805,000 after buying an additional 351,493,659 shares during the last quarter. State Street Corp grew its holdings in Netflix by 927.6% in the 4th quarter. State Street Corp now owns 176,780,995 shares of the Internet television network’s stock worth $16,574,986,000 after acquiring an additional 159,578,053 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Netflix by 892.0% in the fourth quarter. Geode Capital Management LLC now owns 99,598,678 shares of the Internet television network’s stock valued at $9,305,336,000 after acquiring an additional 89,558,684 shares during the period. Capital World Investors increased its position in shares of Netflix by 859.1% in the fourth quarter. Capital World Investors now owns 89,341,444 shares of the Internet television network’s stock valued at $8,376,656,000 after acquiring an additional 80,025,890 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Netflix by 685.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 86,058,878 shares of the Internet television network’s stock valued at $8,068,882,000 after acquiring an additional 75,107,069 shares during the period. Institutional investors own 80.93% of the company’s stock.

More Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Canada’s government appears poised to scrap an entertainment levy affecting companies including Netflix, potentially removing a regulatory cost and easing tensions with U.S. officials and Hollywood studios. Netflix Tax Will Soon Be Scrapped, Canada Hints in Court Filing
• Positive Sentiment: Several analysts and commentators view the roughly 25% decline from recent levels—and more than 40% drop from the highs—as excessive, arguing that Netflix is now valued more attractively relative to its history. They cite strong profitability, share buybacks, advertising growth and potential AI-related advantages as reasons the stock could recover. Netflix Is Betting Billions That AI Will Strengthen Its Business
• Positive Sentiment: Options activity and investor commentary indicate that bullish traders are still positioning for a rebound after the earnings-driven decline, suggesting the selloff has attracted dip buyers. Call Traders Aren’t Giving Up on Netflix Stock
• Neutral Sentiment: Former LVMH CEO Bernard Arnault said he regrets selling his early Netflix investment too soon. The comments reinforce Netflix’s long-term wealth-creation history but are unlikely to affect near-term fundamentals. Bernard Arnault Regrets Selling His Early Netflix Stake
• Negative Sentiment: The primary overhang remains disappointing third-quarter guidance, which overshadowed an otherwise solid second-quarter report and contributed to the sharp post-earnings selloff. Analysts also caution that Netflix has fewer obvious avenues to accelerate earnings growth.
• Negative Sentiment: Altimetry argues Netflix may still not be cheap because its valuation assumes sustained high profitability and continued growth despite intensifying competition from Disney, Paramount Skydance, YouTube, short-form video and AI-generated content. 3 Stocks Standing Out and 2 Losing Momentum

Insider Transactions at Netflix

In related news, Director Reed Hastings sold 386,700 shares of Netflix stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $85.97, for a total transaction of $33,244,599.00. Following the completion of the transaction, the director directly owned 3,940 shares of the company’s stock, valued at $338,721.80. This trade represents a 98.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Spencer Adam Neumann sold 9,253 shares of the business’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $88.95, for a total transaction of $823,054.35. Following the sale, the chief financial officer directly owned 73,787 shares in the company, valued at $6,563,353.65. The trade was a 11.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 899,839 shares of company stock worth $80,141,661. 1.24% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NFLX. Weiss Ratings lowered shares of Netflix from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, June 26th. KeyCorp restated an “overweight” rating and set a $92.00 price target (down from $115.00) on shares of Netflix in a report on Monday, July 13th. Oppenheimer set a $85.00 price target on Netflix and gave the company an “outperform” rating in a research report on Friday, July 17th. Wedbush dropped their price objective on Netflix from $118.00 to $105.00 and set an “outperform” rating for the company in a report on Friday, July 17th. Finally, Deutsche Bank Aktiengesellschaft set a $110.00 price objective on Netflix in a research report on Monday, July 20th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, seventeen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $103.48.

Netflix Trading Up 2.8%

NASDAQ NFLX opened at $72.39 on Wednesday. The firm has a market capitalization of $301.43 billion, a PE ratio of 22.79, a P/E/G ratio of 0.88 and a beta of 1.52. The stock’s 50 day moving average is $77.61 and its 200 day moving average is $85.74. Netflix, Inc. has a twelve month low of $65.08 and a twelve month high of $126.71. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.39.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, July 16th. The Internet television network reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. The business had revenue of $12.56 billion during the quarter, compared to the consensus estimate of $12.58 billion. Netflix had a return on equity of 40.02% and a net margin of 28.22%.The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.72 earnings per share. Research analysts forecast that Netflix, Inc. will post 3.59 earnings per share for the current fiscal year.

Netflix Company 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.