Netflix, Inc. $NFLX Position Cut by Waverly Advisors LLC

Waverly Advisors LLC lowered its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 33.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 170,176 shares of the Internet television network's stock after selling 87,373 shares during the period. Waverly Advisors LLC's holdings in Netflix were worth $12,151,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Imprint Wealth LLC acquired a new position in shares of Netflix during the third quarter worth approximately $25,000. Cornerstone Financial Management LLC acquired a new stake in Netflix in the 4th quarter valued at approximately $26,000. Clal Insurance Enterprises Holdings Ltd bought a new stake in Netflix during the 2nd quarter valued at $26,000. Atlas Capital Advisors Inc. bought a new stake in Netflix during the 4th quarter valued at $26,000. Finally, Jessup Wealth Management Inc acquired a new position in Netflix during the 4th quarter worth $27,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Price Performance

NASDAQ NFLX opened at $76.03 on Thursday. Netflix, Inc. has a 1 year low of $65.08 and a 1 year high of $126.70. The business's fifty day moving average is $75.75 and its two-hundred day moving average is $84.44. The stock has a market capitalization of $316.58 billion, a P/E ratio of 23.93, a P/E/G ratio of 1.08 and a beta of 1.53. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.14 and a current ratio of 1.14.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, July 16th. The Internet television network reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.01. The business had revenue of $12.56 billion during the quarter, compared to analyst estimates of $12.58 billion. Netflix had a return on equity of 40.02% and a net margin of 28.22%.The company's revenue was up 13.4% compared to the same quarter last year. During the same period last year, the company posted $0.72 EPS. On average, research analysts forecast that Netflix, Inc. will post 3.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on NFLX shares. Wolfe Research reissued an "outperform" rating and set a $95.00 price target (up from $84.00) on shares of Netflix in a report on Tuesday, August 25th. Wedbush reduced their price objective on shares of Netflix from $118.00 to $105.00 and set an "outperform" rating for the company in a report on Friday, July 17th. CLSA assumed coverage on shares of Netflix in a research report on Monday, July 20th. They issued an "outperform" rating for the company. Raymond James Financial reissued a "market perform" rating on shares of Netflix in a research note on Thursday, May 14th. Finally, BMO Capital Markets restated an "outperform" rating on shares of Netflix in a research report on Friday, August 14th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $96.65.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Theodore A. Sarandos sold 27,312 shares of the company's stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $73.35, for a total transaction of $2,003,335.20. Following the completion of the sale, the chief executive officer directly owned 178,954 shares of the company's stock, valued at approximately $13,126,275.90. This represents a 13.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Richard N. Barton sold 720 shares of the firm's stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $77.60, for a total transaction of $55,872.00. Following the completion of the transaction, the director owned 2,460 shares of the company's stock, valued at approximately $190,896. The trade was a 22.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 214,315 shares of company stock valued at $15,867,944 over the last 90 days. 1.24% of the stock is owned by insiders.

Key Headlines Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Investor Bill Ackman’s Pershing Square reportedly exited its remaining Alphabet position and established a sizable Netflix stake. The move provides a prominent vote of confidence in Netflix’s growth prospects and advertising strategy. Bill Ackman’s Netflix investment
• Positive Sentiment: Analysts and commentators argue that the pullback creates an attractive entry point, citing Netflix’s profitability, free-cash-flow potential and long-term competitive position. Netflix buying opportunity
• Positive Sentiment: One forecast sees Netflix’s advertising business exceeding $6 billion in revenue in 2027, suggesting substantial monetization upside if ad-supported viewing and pricing continue to scale. Netflix advertising forecast
• Positive Sentiment: The global success of South African film “The Polygamist” is supporting Netflix’s pipeline of local-language content and could strengthen international engagement. The Polygamist success

About Netflix

Netflix, Inc NASDAQ: NFLX is a global entertainment company that provides subscription-based streaming access to television series, films, documentaries and other video content. Its service includes Netflix-produced and licensed programming, with offerings that may vary by market. The company also provides an advertising-supported plan in selected countries and has expanded into mobile games and other interactive entertainment.

Netflix was founded in 1997 by Reed Hastings and Marc Randolph as a DVD-by-mail rental service in the United States.

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