Netflix, Inc. $NFLX Shares Sold by Ameritas Advisory Services LLC

Key Points

• Ameritas Advisory Services LLC significantly reduced its Netflix holdings by 47.1%, now owning 1,151 shares valued at $1,541,000 after selling over 1,000 shares.
• Insider transactions include Reed Hastings selling 42,176 shares for approximately $49.43 million, resulting in a 99.07% decrease in his ownership stake.
• Despite varied analyst opinions, the consensus rating for Netflix's stock remains a "Moderate Buy", with a current price target of $1,335.00.

Ameritas Advisory Services LLC trimmed its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 47.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,151 shares of the Internet television network's stock after selling 1,023 shares during the period. Ameritas Advisory Services LLC's holdings in Netflix were worth $1,541,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Halbert Hargrove Global Advisors LLC grew its stake in Netflix by 100.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after purchasing an additional 13 shares in the last quarter. Flaharty Asset Management LLC acquired a new stake in shares of Netflix during the first quarter worth approximately $37,000. Maseco LLP acquired a new position in Netflix during the 2nd quarter worth $39,000. Barnes Dennig Private Wealth Management LLC acquired a new position in Netflix during the 1st quarter worth $42,000. Finally, 1248 Management LLC acquired a new position in Netflix during the 1st quarter worth $43,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Netflix news, Director Reed Hastings sold 42,176 shares of the company's stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the completion of the sale, the director directly owned 394 shares of the company's stock, valued at approximately $461,736.48. This represents a 99.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,600 shares of the company's stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $1,172.51, for a total transaction of $3,048,526.00. Following the completion of the sale, the chief financial officer directly owned 3,691 shares of the company's stock, valued at $4,327,734.41. The trade was a 41.33% 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 ninety days. Insiders own 1.37% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. lifted their price target on Netflix from $1,230.00 to $1,300.00 and gave the stock a "neutral" rating in a research note on Friday, July 18th. Jefferies Financial Group reiterated a "buy" rating on shares of Netflix in a research report on Thursday, September 11th. The Goldman Sachs Group decreased their price objective on shares of Netflix from $1,310.00 to $1,300.00 and set a "neutral" rating for the company in a report on Tuesday, September 30th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $1,425.00 price objective (up previously from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. Finally, Canaccord Genuity Group reaffirmed a "buy" rating on shares of Netflix in a report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,335.00.

Netflix Stock Performance

NFLX opened at $1,153.32 on Friday. The company has a market capitalization of $490.08 billion, a price-to-earnings ratio of 49.14, a price-to-earnings-growth ratio of 1.94 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. Netflix, Inc. has a 1-year low of $677.88 and a 1-year high of $1,341.15. The business has a 50 day moving average price of $1,207.36 and a two-hundred day moving average price of $1,160.35.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Research analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Netflix 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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