Pacific Capital Wealth Advisors Inc. Lowers Position in Netflix, Inc. $NFLX

Pacific Capital Wealth Advisors Inc. lessened its position in Netflix, Inc. (NASDAQ:NFLX) by 6.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 345 shares of the Internet television network’s stock after selling 23 shares during the quarter. Pacific Capital Wealth Advisors Inc.’s holdings in Netflix were worth $445,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Veracity Capital LLC lifted its stake in shares of Netflix by 3.9% in the 2nd quarter. Veracity Capital LLC now owns 563 shares of the Internet television network’s stock valued at $754,000 after purchasing an additional 21 shares during the period. Lifestyle Asset Management Inc. lifted its stake in shares of Netflix by 257.0% in the 2nd quarter. Lifestyle Asset Management Inc. now owns 1,460 shares of the Internet television network’s stock valued at $1,955,000 after purchasing an additional 1,051 shares during the period. MFG Wealth Management Inc. purchased a new position in shares of Netflix in the 2nd quarter valued at approximately $1,703,000. Riversedge Advisors LLC lifted its stake in shares of Netflix by 13.9% in the 2nd quarter. Riversedge Advisors LLC now owns 435 shares of the Internet television network’s stock valued at $583,000 after purchasing an additional 53 shares during the period. Finally, Connective Portfolio Management LLC purchased a new position in shares of Netflix in the 2nd quarter valued at approximately $1,205,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Up 1.2%

Netflix stock opened at $1,202.26 on Tuesday. The firm has a market cap of $510.88 billion, a price-to-earnings ratio of 51.23, a PEG ratio of 2.00 and a beta of 1.60. The stock has a fifty day simple moving average of $1,216.40 and a two-hundred day simple moving average of $1,135.17. Netflix, Inc. has a 12 month low of $677.88 and a 12 month high of $1,341.15. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping analysts’ consensus estimates of $7.07 by $0.12. The business 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%.The company’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the company earned $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Equities analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other Netflix news, insider Cletus R. Willems sold 238 shares of Netflix stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $1,153.52, for a total value of $274,537.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David A. Hyman sold 424 shares of Netflix stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,158.67, for a total value of $491,276.08. Following the completion of the sale, the insider directly owned 31,610 shares of the company’s stock, valued at approximately $36,625,558.70. The trade was a 1.32% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 89,348 shares of company stock worth $109,498,489. 1.37% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

NFLX has been the subject of a number of research analyst reports. Rosenblatt Securities raised their target price on Netflix from $1,514.00 to $1,515.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Robert W. Baird lifted their price objective on Netflix from $1,300.00 to $1,500.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. The Goldman Sachs Group lifted their price objective on Netflix from $1,000.00 to $1,140.00 and gave the company a “neutral” rating in a research note on Wednesday, July 2nd. Loop Capital reiterated a “hold” rating on shares of Netflix in a research note on Tuesday, July 15th. Finally, UBS Group reiterated a “market underperform” rating on shares of Netflix in a research note on Saturday, July 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,317.58.

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.