Netflix, Inc. $NFLX Shares Sold by Wealth Enhancement Advisory Services LLC

by · The Cerbat Gem

Wealth Enhancement Advisory Services LLC trimmed its holdings in shares of Netflix, Inc. (NASDAQ:NFLX – Free Report) by 18.5% in the second quarter, Holdings Channel reports. The firm owned 74,171 shares of the Internet television network’s stock after selling 16,883 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Netflix were worth $96,214,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of NFLX. Halbert Hargrove Global Advisors LLC grew its position in Netflix by 100.0% in the 1st 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 in the last quarter. Brown Shipley& Co Ltd acquired a new position in shares of Netflix during the fourth quarter worth about $27,000. Copia Wealth Management purchased a new stake in Netflix during the fourth quarter worth approximately $37,000. Flaharty Asset Management LLC purchased a new stake in Netflix during the first quarter worth approximately $37,000. Finally, Barnes Dennig Private Wealth Management LLC purchased a new stake in Netflix during the first quarter worth approximately $42,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $1,228.50 on Thursday. Netflix, Inc. has a fifty-two week low of $677.88 and a fifty-two week high of $1,341.15. The business has a 50 day moving average price of $1,213.71 and a two-hundred day moving average price of $1,136.26. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. The firm has a market cap of $522.02 billion, a PE ratio of 52.34, a price-to-earnings-growth ratio of 2.02 and a beta of 1.60.

Netflix (NASDAQ:NFLX – Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating analysts’ consensus estimates of $7.07 by $0.12. The firm had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.Netflix’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the firm earned $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Sell-side analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

NFLX has been the subject of a number of research reports. Piper Sandler boosted their price objective on Netflix from $1,400.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Friday, July 18th. Canaccord Genuity Group restated a “buy” rating on shares of Netflix in a research note on Thursday, July 10th. BMO Capital Markets reaffirmed an “outperform” rating and set a $1,425.00 price objective (up previously from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. The Goldman Sachs Group upped their target price on Netflix from $1,000.00 to $1,140.00 and gave the company a “neutral” rating in a report on Wednesday, July 2nd. Finally, JPMorgan Chase & Co. upped their target price on Netflix from $1,230.00 to $1,300.00 and gave the company a “neutral” rating in a report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,328.87.

View Our Latest Stock Analysis on Netflix

Insider Transactions at Netflix

In related news, CEO Gregory K. Peters sold 2,026 shares of the firm’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the sale, the chief executive officer owned 12,781 shares of the company’s stock, valued at approximately $14,793,240.64. This trade represents a 13.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Theodore A. Sarandos sold 2,026 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly owned 15,168 shares in the company, valued at approximately $17,604,284.16. This trade represents a 11.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 89,348 shares of company stock worth $109,498,489 in the last quarter. Insiders own 1.37% of the company’s stock.

Netflix Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLX – Free Report).