Netflix, Inc. $NFLX Shares Sold by Heritage Wealth Partners LLC

Key Points

• Heritage Wealth Partners LLC reduced its Netflix holdings by 57.2% in the first quarter, now owning only 295 shares worth approximately $275,000.
• CEO Gregory K. Peters and CFO Spencer Adam Neumann executed significant stock sales, with total insider sales amounting to $179.4 million over the last three months.
• Analysts have varied ratings on Netflix, with target prices ranging from $1,070 to $1,500, resulting in an average rating of "Moderate Buy."

Heritage Wealth Partners LLC decreased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 57.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 295 shares of the Internet television network's stock after selling 394 shares during the period. Heritage Wealth Partners LLC's holdings in Netflix were worth $275,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC boosted its stake 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 acquiring an additional 13 shares in the last quarter. Brown Shipley& Co Ltd purchased a new stake in shares of Netflix during the 4th quarter worth approximately $27,000. Copia Wealth Management purchased a new stake in shares of Netflix during the 4th quarter worth approximately $37,000. Stuart Chaussee & Associates Inc. boosted its stake in shares of Netflix by 4,500.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after acquiring an additional 45 shares in the last quarter. Finally, Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Netflix during the 1st quarter worth approximately $42,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Robert W. Baird boosted their price target on Netflix from $1,300.00 to $1,500.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. JPMorgan Chase & Co. upped their target price on Netflix from $1,230.00 to $1,300.00 and gave the company a "neutral" rating in a research note on Friday, July 18th. Barclays reaffirmed a "sell" rating and issued a $1,100.00 target price (up previously from $1,000.00) on shares of Netflix in a research note on Wednesday, July 9th. Loop Capital reaffirmed a "hold" rating on shares of Netflix in a research note on Tuesday, July 15th. Finally, Canaccord Genuity Group reaffirmed a "buy" rating on shares of Netflix in a research note on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $1,297.66.

Netflix Trading Down 0.1%

Shares of Netflix stock traded down $1.56 during trading hours on Friday, reaching $1,204.65. 3,122,827 shares of the company's stock were exchanged, compared to its average volume of 2,952,016. Netflix, Inc. has a 52-week low of $660.80 and a 52-week high of $1,341.15. The firm has a market capitalization of $511.89 billion, a price-to-earnings ratio of 51.33, a price-to-earnings-growth ratio of 2.03 and a beta of 1.59. The company has a fifty day moving average of $1,231.41 and a 200-day moving average of $1,111.65. 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 issued 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 company had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same quarter in the prior year, the company posted $4.88 EPS. The business's revenue for the quarter 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. Sell-side analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Spencer Adam Neumann sold 2,601 shares of the company's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $1,307.22, for a total transaction of $3,400,079.22. Following the completion of the sale, the chief financial officer directly owned 3,691 shares in the company, valued at $4,824,949.02. This represents a 41.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Jay C. Hoag sold 31,750 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $1,252.35, for a total value of $39,762,112.50. Following the sale, the director owned 63,040 shares of the company's stock, valued at approximately $78,948,144. The trade was a 33.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 146,307 shares of company stock worth $179,443,809. 1.37% of the stock is owned by company insiders.

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.