Netflix, Inc. $NFLX Shares Sold by 180 Wealth Advisors LLC

Key Points

• 180 Wealth Advisors LLC reduced its stake in Netflix by 18.4%, selling 481 shares during the 2nd quarter, leaving them with 2,134 shares valued at approximately $2.86 million.
• Despite recent selling, institutional investors own a significant portion of Netflix stock, totaling approximately 80.93% of the company.
• Analysts have varying opinions on Netflix's stock, with updates including a price target increase from KeyCorp to $1,390.00 and an "overweight" rating, while some firms have downgraded it.

180 Wealth Advisors LLC decreased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 18.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,134 shares of the Internet television network's stock after selling 481 shares during the period. 180 Wealth Advisors LLC's holdings in Netflix were worth $2,857,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NFLX. Stephens Consulting LLC increased its position in Netflix by 150.0% during the 2nd quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network's stock worth $33,000 after purchasing an additional 15 shares during the period. Flaharty Asset Management LLC acquired a new position in Netflix during the 1st quarter worth approximately $37,000. Maseco LLP acquired a new position in Netflix during the 2nd quarter worth approximately $39,000. LGT Financial Advisors LLC acquired a new position in Netflix during the 2nd quarter worth approximately $40,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new position in Netflix during the 1st quarter worth approximately $42,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Analysts Set New Price Targets

NFLX has been the topic of several recent analyst reports. Benchmark reiterated a "hold" rating on shares of Netflix in a research report on Wednesday. KeyCorp lifted their price target on shares of Netflix from $1,070.00 to $1,390.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Sanford C. Bernstein reiterated a "buy" rating on shares of Netflix in a research report on Friday, October 17th. Phillip Securities downgraded shares of Netflix from a "hold" rating to a "strong sell" rating in a research report on Monday, July 21st. Finally, Itau BBA Securities began coverage on shares of Netflix in a research report on Tuesday, October 7th. They set an "outperform" rating and a $1,514.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Netflix has an average rating of "Moderate Buy" and an average target price of $1,352.78.

Netflix Trading Down 0.2%

Shares of NFLX opened at $1,113.59 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.34. The firm has a 50 day simple moving average of $1,210.10 and a 200-day simple moving average of $1,183.73. Netflix, Inc. has a 1-year low of $746.25 and a 1-year high of $1,341.15. The stock has a market cap of $473.19 billion, a price-to-earnings ratio of 46.52, a price-to-earnings-growth ratio of 1.89 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share for the quarter, missing analysts' consensus estimates of $6.88 by ($1.01). Netflix had a return on equity of 41.86% and a net margin of 24.05%.The business had revenue of $11.51 billion for the quarter, compared to analysts' expectations of $11.52 billion. During the same period last year, the business earned $5.40 earnings per share. The company's revenue for the quarter was up 17.2% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. Equities analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Transactions at Netflix

In other Netflix news, CEO Theodore A. Sarandos sold 2,026 shares of Netflix stock in a transaction that occurred on Tuesday, August 5th. The shares were 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gregory K. Peters sold 2,026 shares of Netflix stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the completion of the sale, the chief executive officer directly owned 12,781 shares of the company's stock, valued at $14,793,240.64. The trade was a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,100 shares of company stock worth $122,710,980 in the last three months. 1.37% of the stock is currently 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.

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