Netflix, Inc. $NFLX Shares Sold by Janney Montgomery Scott LLC

Key Points

• Janney Montgomery Scott LLC reduced its stake in Netflix, Inc. by 1.9%, lowering its holdings to 82,717 shares worth approximately $110.77 million as of the latest SEC disclosure.
• Institutional investors now hold 80.93% of Netflix's stock, with various firms like Brighton Jones LLC and Revolve Wealth Partners LLC increasing their stakes significantly during the year.
• Netflix's stock has a current market price of $1,206.41, with analysts giving it an average rating of "Moderate Buy" and a target price of $1,328.87.

Janney Montgomery Scott LLC lowered its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 1.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 82,717 shares of the Internet television network's stock after selling 1,581 shares during the period. Janney Montgomery Scott LLC's holdings in Netflix were worth $110,769,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC grew its holdings in Netflix by 5.0% during the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock worth $4,804,000 after acquiring an additional 257 shares during the period. Revolve Wealth Partners LLC grew its holdings in Netflix by 16.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock worth $912,000 after acquiring an additional 144 shares during the period. Fiduciary Alliance LLC grew its holdings in Netflix by 879.3% during the first quarter. Fiduciary Alliance LLC now owns 3,829 shares of the Internet television network's stock worth $3,571,000 after acquiring an additional 3,438 shares during the period. NBC Securities Inc. grew its holdings in Netflix by 157,166.7% during the first quarter. NBC Securities Inc. now owns 4,718 shares of the Internet television network's stock worth $4,399,000 after acquiring an additional 4,715 shares during the period. Finally, QV Investors Inc. grew its holdings in Netflix by 11.3% during the first quarter. QV Investors Inc. now owns 3,160 shares of the Internet television network's stock worth $2,947,000 after acquiring an additional 320 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NFLX. Canaccord Genuity Group reaffirmed a "buy" rating on shares of Netflix in a report on Thursday, July 10th. Wells Fargo & Company upped their price objective on Netflix from $1,500.00 to $1,560.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. KeyCorp boosted their target price on Netflix from $1,070.00 to $1,390.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Piper Sandler boosted their target price on Netflix from $1,400.00 to $1,500.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Finally, JPMorgan Chase & Co. boosted their target price on Netflix from $1,230.00 to $1,300.00 and gave the stock a "neutral" rating in a research report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Netflix currently has an average rating of "Moderate Buy" and an average target price of $1,328.87.

Insiders Place Their Bets

In related news, CEO Gregory K. Peters sold 2,026 shares of the company's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the completion of the transaction, the chief executive officer directly owned 12,781 shares in the company, valued at approximately $14,793,240.64. This represents a 13.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Spencer Adam Neumann sold 2,600 shares of the company's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $1,207.76, for a total value of $3,140,176.00. Following the completion of the transaction, the chief financial officer owned 3,691 shares of the company's stock, valued at $4,457,842.16. The trade was a 41.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 59,324 shares of company stock valued at $70,235,556. Insiders own 1.37% of the company's stock.

Netflix Stock Down 0.3%

Shares of NASDAQ:NFLX opened at $1,206.41 on Tuesday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 52-week low of $677.88 and a 52-week high of $1,341.15. The stock's fifty day simple moving average is $1,208.21 and its 200-day simple moving average is $1,155.55. The company has a market capitalization of $512.63 billion, a P/E ratio of 51.40, a P/E/G ratio of 2.04 and a beta of 1.60.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same period in the prior year, the business earned $4.88 earnings per share. The business's revenue was up 15.9% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, equities research analysts forecast 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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