GWN Securities Inc. Lowers Stock Holdings in Netflix, Inc. $NFLX

GWN Securities Inc. trimmed its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 39.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 938 shares of the Internet television network’s stock after selling 618 shares during the quarter. GWN Securities Inc.’s holdings in Netflix were worth $1,318,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. BG Investment Services Inc. acquired a new stake in shares of Netflix in the second quarter valued at about $338,000. Resurgent Financial Advisors LLC lifted its stake in Netflix by 234.4% in the 1st quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network’s stock valued at $942,000 after buying an additional 708 shares in the last quarter. MRA Advisory Group lifted its stake in Netflix by 28.4% in the 2nd quarter. MRA Advisory Group now owns 919 shares of the Internet television network’s stock valued at $1,231,000 after buying an additional 203 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in Netflix by 42.1% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 441,861 shares of the Internet television network’s stock valued at $412,059,000 after buying an additional 130,946 shares in the last quarter. Finally, Sava Infond d.o.o. lifted its stake in Netflix by 25.1% in the 2nd quarter. Sava Infond d.o.o. now owns 1,495 shares of the Internet television network’s stock valued at $2,002,000 after buying an additional 300 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Stock Down 0.0%

NASDAQ NFLX opened at $1,094.56 on Tuesday. Netflix, Inc. has a 52 week low of $747.77 and a 52 week high of $1,341.15. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.56. The business’s fifty day simple moving average is $1,204.20 and its 200-day simple moving average is $1,190.20. The firm has a market cap of $463.80 billion, a PE ratio of 45.72, a P/E/G ratio of 1.89 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.88 by ($1.01). Netflix had a return on equity of 41.86% and a net margin of 24.05%.The firm had revenue of $11.51 billion for the quarter, compared to analyst estimates of $11.52 billion. During the same quarter in the previous year, the business posted $5.40 earnings per share. Netflix’s revenue for the quarter was up 17.2% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. As a group, equities analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on NFLX. TD Cowen reduced their target price on Netflix from $1,450.00 to $1,425.00 and set a “buy” rating for the company in a report on Tuesday, October 7th. Canaccord Genuity Group reiterated a “buy” rating and set a $1,525.00 price target on shares of Netflix in a research report on Wednesday, October 22nd. Benchmark reiterated a “hold” rating on shares of Netflix in a research report on Wednesday, October 22nd. UBS Group set a $1,500.00 target price on shares of Netflix in a research note on Wednesday, October 22nd. Finally, Loop Capital raised shares of Netflix from a “hold” rating to a “buy” rating and lifted their target price for the stock from $1,150.00 to $1,350.00 in a research note on Wednesday, September 17th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,352.78.

Insider Activity

In related news, CEO Gregory K. Peters sold 2,026 shares of the company’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 transaction, the chief executive officer directly owned 12,781 shares in the company, valued at approximately $14,793,240.64. This represents a 13.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Spencer Adam Neumann sold 2,600 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $1,172.51, for a total value of $3,048,526.00. Following the completion of the transaction, the chief financial officer owned 3,691 shares in the company, valued at $4,327,734.41. This represents a 41.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 104,100 shares of company stock worth $122,710,980. 1.37% of the stock is owned by company insiders.

Netflix 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.