Fermata Advisors LLC Sells 512 Shares of Netflix, Inc. $NFLX

Key Points

• Fermata Advisors LLC significantly reduced its holdings in Netflix, Inc. by 63.5%, selling 512 shares, leaving it with 294 shares valued at $394,000.
• Several institutional investors, including Brighton Jones LLC and Revolve Wealth Partners LLC, have increased their stakes in Netflix during the fourth quarter, reflecting overall investor confidence.
• CEO Gregory K. Peters and Director Reed Hastings reported substantial insider selling, with Peters selling 2,026 shares and Hastings selling 25,959 shares, indicating a decrease in their ownership positions.

Fermata Advisors LLC trimmed its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 63.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 294 shares of the Internet television network's stock after selling 512 shares during the quarter. Fermata Advisors LLC's holdings in Netflix were worth $394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Halbert Hargrove Global Advisors LLC grew its position in Netflix by 100.0% during the 1st 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 during the last quarter. Brown Shipley& Co Ltd bought a new position in Netflix during the 4th quarter worth approximately $27,000. Copia Wealth Management bought a new position in Netflix during the 4th quarter worth approximately $37,000. Flaharty Asset Management LLC bought a new position in Netflix during the 1st quarter worth approximately $37,000. Finally, Barnes Dennig Private Wealth Management LLC bought a new position in Netflix during the 1st quarter worth approximately $42,000. 80.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. KeyCorp lifted their price objective on Netflix from $1,070.00 to $1,390.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. UBS Group reaffirmed a "market underperform" rating on shares of Netflix in a research note on Saturday, July 19th. Morgan Stanley reaffirmed an "equal weight" rating on shares of Netflix in a research note on Monday, July 21st. Piper Sandler raised their price target on Netflix from $1,400.00 to $1,500.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. Finally, Sanford C. Bernstein raised their price target on Netflix from $1,200.00 to $1,390.00 and gave the stock an "outperform" rating in a research note on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $1,328.87.

Insider Buying and Selling

In other Netflix news, CEO Gregory K. Peters sold 2,026 shares of Netflix stock in a transaction 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 completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Theodore A. Sarandos sold 2,026 shares of Netflix stock in a transaction 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 of the company's stock, valued at approximately $17,604,284.16. The trade was 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 over the last three months. 1.37% of the stock is owned by corporate insiders.

Netflix Stock Down 1.7%

NASDAQ:NFLX traded down $20.72 during trading hours on Thursday, reaching $1,207.78. 3,159,374 shares of the company traded hands, compared to its average volume of 2,602,620. The business's 50-day moving average price is $1,212.85 and its two-hundred day moving average price is $1,137.88. The stock has a market capitalization of $513.22 billion, a P/E ratio of 51.46, a P/E/G ratio of 2.07 and a beta of 1.60. Netflix, Inc. has a 1 year low of $677.88 and a 1 year 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 - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $7.07 by $0.12. The business had revenue of $11.08 billion during the quarter, compared to analysts' expectations of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm's quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Analysts predict that Netflix, Inc. will post 24.58 earnings per share 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.