Kestra Advisory Services LLC Sells 4,696 Shares of Netflix, Inc. $NFLX

Key Points

• Kestra Advisory Services LLC has reduced its stake in Netflix, Inc. by 9.7%, selling 4,696 shares to hold a total of 43,695 shares valued at approximately $40.7 million.
• Multiple institutional investors, including Fullcircle Wealth LLC and Capital Analysts LLC, have made modest increases to their Netflix holdings, maintaining significant institutional ownership at about 80.93%.
• Recent analyst ratings for Netflix show a mixed outlook, with Goldman Sachs raising its price target to $1,140, while Needham & Company set a higher target of $1,500 alongside a "buy" recommendation.

Kestra Advisory Services LLC lessened its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 9.7% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 43,695 shares of the Internet television network's stock after selling 4,696 shares during the period. Kestra Advisory Services LLC's holdings in Netflix were worth $40,747,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Fullcircle Wealth LLC raised its holdings in Netflix by 2.5% during the 1st quarter. Fullcircle Wealth LLC now owns 369 shares of the Internet television network's stock valued at $344,000 after buying an additional 9 shares during the period. Capital Analysts LLC boosted its stake in Netflix by 0.3% during the first quarter. Capital Analysts LLC now owns 2,620 shares of the Internet television network's stock worth $2,443,000 after buying an additional 9 shares during the period. Mission Creek Capital Partners Inc. increased its position in Netflix by 0.3% during the fourth quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network's stock valued at $3,410,000 after acquiring an additional 10 shares during the last quarter. Continuum Wealth Advisors LLC raised its stake in shares of Netflix by 4.4% in the first quarter. Continuum Wealth Advisors LLC now owns 235 shares of the Internet television network's stock valued at $219,000 after acquiring an additional 10 shares during the period. Finally, Financial Enhancement Group LLC boosted its stake in shares of Netflix by 2.5% during the 1st quarter. Financial Enhancement Group LLC now owns 412 shares of the Internet television network's stock worth $384,000 after purchasing an additional 10 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Netflix

In related news, CFO Spencer Adam Neumann sold 685 shares of the business'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 transaction, the chief financial officer directly owned 3,691 shares in the company, valued at $4,286,026.11. The trade was a 15.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Cletus R. Willems sold 238 shares of the business's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $1,153.52, for a total value of $274,537.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 146,307 shares of company stock worth $179,443,809. 1.37% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on NFLX shares. Loop Capital reiterated a "hold" rating on shares of Netflix in a report on Tuesday, July 15th. The Goldman Sachs Group raised their price target on Netflix from $1,000.00 to $1,140.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 2nd. Needham & Company LLC restated a "buy" rating and set a $1,500.00 price objective on shares of Netflix in a report on Friday, July 18th. Rosenblatt Securities upped their price objective on Netflix from $1,514.00 to $1,515.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Finally, Bank of America increased their target price on Netflix from $1,175.00 to $1,490.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $1,297.66.

Netflix Stock Performance

Shares of NASDAQ:NFLX opened at $1,206.21 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $512.55 billion, a price-to-earnings ratio of 51.39, a price-to-earnings-growth ratio of 2.04 and a beta of 1.59. Netflix, Inc. has a 52 week low of $660.80 and a 52 week high of $1,341.15. The firm has a 50 day moving average of $1,231.56 and a 200 day moving average of $1,108.85.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating the consensus estimate 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 previous year, the firm earned $4.88 earnings per share. The firm's quarterly 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, sell-side analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal 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.

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