Netflix, Inc. $NFLX Shares Sold by Valeo Financial Advisors LLC

Key Points

• Valeo Financial Advisors LLC reduced its stake in Netflix, Inc. by 6.6% in Q2, selling 500 shares to hold a total of 7,096 shares valued at approximately $9.5 million.
• Insider sales included CEO Theodore A. Sarandos, who sold over 2,000 shares for about $2.35 million, resulting in an 11.78% decline in his ownership.
• Analyst ratings are varied, with 24 analysts$1,335.00 for Netflix shares.

Valeo Financial Advisors LLC lessened its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 6.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,096 shares of the Internet television network's stock after selling 500 shares during the quarter. Valeo Financial Advisors LLC's holdings in Netflix were worth $9,502,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. DAVENPORT & Co LLC increased its holdings in shares of Netflix by 8.2% in the 2nd quarter. DAVENPORT & Co LLC now owns 15,335 shares of the Internet television network's stock valued at $20,535,000 after acquiring an additional 1,159 shares during the last quarter. Grimes & Company Inc. raised its holdings in Netflix by 18.9% during the second quarter. Grimes & Company Inc. now owns 447 shares of the Internet television network's stock worth $599,000 after purchasing an additional 71 shares in the last quarter. Three Bridge Wealth Advisors LLC purchased a new stake in shares of Netflix during the 2nd quarter worth approximately $504,000. Merit Financial Group LLC boosted its holdings in shares of Netflix by 22.1% in the 2nd quarter. Merit Financial Group LLC now owns 16,207 shares of the Internet television network's stock valued at $21,704,000 after buying an additional 2,938 shares in the last quarter. Finally, Kercheville Advisors LLC grew its position in shares of Netflix by 3.9% in the 2nd quarter. Kercheville Advisors LLC now owns 9,785 shares of the Internet television network's stock valued at $13,103,000 after buying an additional 365 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Netflix

In related news, CEO Theodore A. Sarandos sold 2,026 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the transaction, 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 SEC, which is accessible through the SEC website. Also, insider David A. Hyman sold 424 shares of the company's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the completion of the transaction, the insider owned 31,610 shares of the company's stock, valued at $36,625,558.70. This trade represents a 1.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 104,100 shares of company stock valued at $122,710,980 over the last 90 days. Corporate insiders own 1.37% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. BMO Capital Markets reaffirmed an "outperform" rating and set a $1,425.00 price objective (up previously from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. JPMorgan Chase & Co. increased their price objective on Netflix from $1,230.00 to $1,300.00 and gave the company a "neutral" rating in a report on Friday, July 18th. Needham & Company LLC reaffirmed a "buy" rating and issued a $1,500.00 target price on shares of Netflix in a report on Wednesday, September 10th. Barclays reiterated a "sell" rating and issued a $1,100.00 price target (up previously from $1,000.00) on shares of Netflix in a research report on Wednesday, July 9th. Finally, Loop Capital raised shares of Netflix from a "hold" rating to a "buy" rating and upped their target price for the company from $1,150.00 to $1,350.00 in a report on Wednesday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $1,335.00.

Netflix Stock Performance

Netflix stock opened at $1,153.32 on Monday. The stock has a fifty day moving average price of $1,207.36 and a 200 day moving average price of $1,161.81. Netflix, Inc. has a 52 week low of $677.88 and a 52 week high of $1,341.15. The firm has a market capitalization of $490.08 billion, a P/E ratio of 49.14, a PEG ratio of 1.94 and a beta of 1.59. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping analysts' consensus estimates of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter last year, the firm posted $4.88 earnings per share. Netflix'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. Equities research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current 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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