Netflix, Inc. $NFLX Position Lessened by Forvis Mazars Wealth Advisors LLC

Key Points

• Forvis Mazars Wealth Advisors LLC reduced its stake in Netflix by 14.1%, owning 1,462 shares valued at approximately $1.36 million.
• Insider sales included David A. Hyman and CEO Gregory K. Peters, who sold a total of 2,450 shares in early August, representing significant decreases in their ownership.
• Netflix's latest quarterly earnings reported EPS of $7.19, surpassing analyst expectations and showcasing a 15.9% revenue increase year-over-year.

Forvis Mazars Wealth Advisors LLC trimmed its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 14.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,462 shares of the Internet television network's stock after selling 239 shares during the quarter. Forvis Mazars Wealth Advisors LLC's holdings in Netflix were worth $1,363,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Halbert Hargrove Global Advisors LLC raised its position in shares of 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 purchasing an additional 13 shares during the period. Brown Shipley& Co Ltd acquired a new stake in Netflix in the 4th quarter valued at approximately $27,000. Transce3nd LLC acquired a new stake in Netflix in the 4th quarter valued at approximately $32,000. Copia Wealth Management acquired a new stake in Netflix in the 4th quarter valued at approximately $37,000. Finally, Stuart Chaussee & Associates Inc. increased its position in Netflix by 4,500.0% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock valued at $41,000 after acquiring an additional 45 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Price Performance

Shares of NFLX traded up $0.98 during trading hours on Wednesday, hitting $1,215.13. 1,776,728 shares of the company were exchanged, compared to its average volume of 4,150,246. The company has a market capitalization of $516.35 billion, a PE ratio of 51.82, a PEG ratio of 2.10 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. The firm has a fifty day simple moving average of $1,231.86 and a 200-day simple moving average of $1,106.54. Netflix, Inc. has a one year low of $660.80 and a one year high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping the consensus estimate 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 revenue was up 15.9% compared to the same quarter last year. During the same period last year, the company posted $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, sell-side analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Buying and Selling at Netflix

In other news, CFO Spencer Adam Neumann sold 685 shares of the firm's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $1,161.21, for a total transaction of $795,428.85. Following the completion of the sale, the chief financial officer directly owned 3,691 shares of the company's stock, valued at $4,286,026.11. This trade represents a 15.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider David A. Hyman sold 424 shares of the firm's 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 sale, the insider directly owned 31,610 shares of the company's stock, valued at approximately $36,625,558.70. This represents a 1.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 146,307 shares of company stock worth $179,443,809. 1.37% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

NFLX has been the topic of several analyst reports. Sanford C. Bernstein raised their target price on Netflix from $1,200.00 to $1,390.00 and gave the company an "outperform" rating in a research report on Thursday, July 17th. Citigroup restated a "neutral" rating and issued a $1,250.00 target price (up from $1,020.00) on shares of Netflix in a research report on Thursday, May 29th. KeyCorp raised their target price on Netflix from $1,070.00 to $1,390.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Robert W. Baird raised their target price on Netflix from $1,300.00 to $1,500.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. Finally, BMO Capital Markets restated an "outperform" rating and issued a $1,425.00 target price (up from $1,200.00) on shares of Netflix in a research report on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,297.66.

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.