Naviter Wealth LLC Sells 204 Shares of Netflix, Inc. $NFLX

Naviter Wealth LLC trimmed its position in Netflix, Inc. (NASDAQ:NFLX) by 5.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,243 shares of the Internet television network’s stock after selling 204 shares during the period. Naviter Wealth LLC’s holdings in Netflix were worth $4,343,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Stephens Consulting LLC lifted its holdings in shares of Netflix by 150.0% in the second quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock valued at $33,000 after purchasing an additional 15 shares in the last quarter. Halbert Hargrove Global Advisors LLC raised its holdings in Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock worth $25,000 after acquiring an additional 13 shares in the last quarter. Maseco LLP bought a new stake in Netflix during the second quarter worth about $39,000. Ransom Advisory Ltd bought a new stake in Netflix during the second quarter worth about $47,000. Finally, Flaharty Asset Management LLC bought a new stake in Netflix during the first quarter worth about $37,000. 80.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on NFLX shares. Wall Street Zen lowered Netflix from a “buy” rating to a “hold” rating in a report on Saturday, October 4th. KeyCorp upped their target price on Netflix from $1,070.00 to $1,390.00 and gave the stock an “overweight” rating in a report on Thursday, July 10th. TD Cowen dropped their target price on Netflix from $1,450.00 to $1,425.00 and set a “buy” rating on the stock in a report on Tuesday, October 7th. Pivotal Research reiterated a “buy” rating on shares of Netflix in a report on Thursday, July 10th. Finally, Cowen reiterated a “buy” rating on shares of Netflix in a report on Tuesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and an average target price of $1,337.63.

Insider Buying and Selling

In related news, CEO Theodore A. Sarandos sold 2,026 shares of the 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 transaction of $2,351,416.12. Following the sale, the chief executive officer owned 15,168 shares of the company’s stock, valued at $17,604,284.16. This represents a 11.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Reed Hastings sold 42,176 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the sale, the director directly owned 394 shares in the company, valued at $461,736.48. This represents a 99.07% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,100 shares of company stock valued at $122,710,980 in the last ninety days. 1.37% of the stock is currently owned by company insiders.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $1,219.03 on Tuesday. The business’s 50 day moving average price is $1,211.81 and its two-hundred day moving average price is $1,171.80. The company has a market cap of $518.00 billion, a PE ratio of 51.94, a price-to-earnings-growth ratio of 2.05 and a beta of 1.59. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a twelve month low of $677.88 and a twelve month high of $1,341.15.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping analysts’ consensus estimates of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter in the previous year, the business earned $4.88 earnings per share. The business’s revenue was up 15.9% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

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.