San Luis Wealth Advisors LLC Sells 885 Shares of Netflix, Inc. $NFLX

Key Points

• San Luis Wealth Advisors LLC reduced its stake in Netflix, Inc. by 16.5%, selling 885 shares during the second quarter, while the total value of their holdings in Netflix now stands at $6,002,000.
• Insiders at Netflix have sold approximately 88,728 shares valued at $108.7 million in the last ninety days, with CEO Gregory K. Peters selling 2,026 shares and seeing a 13.68% decrease in ownership.
• Analyst ratings for Netflix are mixed, with a range of upgrades and downgrades, resulting in an average target price of $1,328.87 and an overall rating of "Moderate Buy".

San Luis Wealth Advisors LLC decreased its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 16.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,482 shares of the Internet television network's stock after selling 885 shares during the quarter. Netflix makes up 1.3% of San Luis Wealth Advisors LLC's portfolio, making the stock its 24th biggest holding. San Luis Wealth Advisors LLC's holdings in Netflix were worth $6,002,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nuveen LLC acquired a new stake in shares of Netflix in the first quarter valued at $2,385,585,000. Kingstone Capital Partners Texas LLC increased its stake in shares of Netflix by 343,058.2% in the second quarter. Kingstone Capital Partners Texas LLC now owns 2,463,876 shares of the Internet television network's stock worth $3,299,450,000 after purchasing an additional 2,463,158 shares during the period. Goldman Sachs Group Inc. raised its position in Netflix by 57.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network's stock worth $3,164,134,000 after purchasing an additional 1,236,251 shares during the last quarter. Amundi lifted its position in Netflix by 37.7% during the 1st quarter. Amundi now owns 2,070,221 shares of the Internet television network's stock worth $1,898,496,000 after buying an additional 567,251 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Netflix by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock worth $35,433,585,000 after acquiring an additional 509,255 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Cletus R. Willems sold 238 shares of Netflix stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $1,153.52, for a total transaction of $274,537.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gregory K. Peters 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 $1,157.44, for a total value of $2,344,973.44. Following the sale, the chief executive officer directly owned 12,781 shares of the company's stock, valued at $14,793,240.64. This represents a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 88,728 shares of company stock valued at $108,700,648 in the last ninety days. 1.37% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

NFLX has been the subject of several analyst reports. Wedbush reissued an "outperform" rating and set a $1,500.00 price target (up previously from $1,400.00) on shares of Netflix in a research report on Monday, July 14th. Phillip Securities lowered Netflix from a "hold" rating to a "strong sell" rating in a research report on Monday, July 21st. Wells Fargo & Company lifted their price objective on Netflix from $1,500.00 to $1,560.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Zacks Research lowered Netflix from a "strong-buy" rating to a "hold" rating in a report on Monday, September 1st. Finally, Robert W. Baird raised their price objective on Netflix from $1,300.00 to $1,500.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $1,328.87.

Netflix Trading Up 0.2%

NASDAQ NFLX opened at $1,210.61 on Friday. The stock has a market cap of $514.42 billion, a PE ratio of 51.58, a PEG ratio of 2.04 and a beta of 1.60. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The company's 50-day moving average price is $1,208.75 and its 200-day moving average price is $1,151.70. Netflix, Inc. has a 12 month low of $677.88 and a 12 month high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. During the same period in the prior year, the company posted $4.88 earnings per share. The firm's quarterly revenue was up 15.9% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Equities research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

About Netflix

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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