Valicenti Advisory Services Inc. Sells 319 Shares of Netflix, Inc. $NFLX

Key Points

• Valicenti Advisory Services Inc. reduced its stake in Netflix by 10.2%, selling 319 shares and now holds a total of 2,814 shares valued at approximately $3.77 million.
• Various institutional investors are significantly increasing their positions in Netflix, with Resurgent Financial Advisors LLC boosting their stake by 234.4%.
• Netflix reported $7.19 EPS for the latest quarter, surpassing estimates, and expects a target EPS of 24.58 for the current year.

Valicenti Advisory Services Inc. trimmed its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 10.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,814 shares of the Internet television network's stock after selling 319 shares during the quarter. Valicenti Advisory Services Inc.'s holdings in Netflix were worth $3,768,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Resurgent Financial Advisors LLC boosted its stake in shares of Netflix by 234.4% in the first quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network's stock valued at $942,000 after buying an additional 708 shares during the period. MRA Advisory Group raised its holdings in Netflix by 28.4% in the 2nd quarter. MRA Advisory Group now owns 919 shares of the Internet television network's stock valued at $1,231,000 after acquiring an additional 203 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of Netflix by 42.1% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 441,861 shares of the Internet television network's stock valued at $412,059,000 after acquiring an additional 130,946 shares during the period. McGlone Suttner Wealth Management Inc. grew its holdings in shares of Netflix by 1.4% during the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 989 shares of the Internet television network's stock worth $1,324,000 after purchasing an additional 14 shares in the last quarter. Finally, New England Research & Management Inc. increased its position in shares of Netflix by 148.5% in the first quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network's stock worth $1,979,000 after purchasing an additional 1,268 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Buying and Selling at Netflix

In other news, CEO Theodore A. Sarandos sold 2,026 shares of Netflix stock in a transaction on Tuesday, August 5th. The shares were 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 owned 15,168 shares in the company, valued at approximately $17,604,284.16. The trade was a 11.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 2,026 shares of the stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the completion of the sale, the chief executive officer 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 a total of 88,728 shares of company stock worth $108,700,648 over the last ninety days. Insiders own 1.37% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on NFLX shares. Needham & Company LLC reiterated a "buy" rating and set a $1,500.00 price objective on shares of Netflix in a research note on Wednesday, September 10th. Piper Sandler increased their price target on shares of Netflix from $1,400.00 to $1,500.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Loop Capital upgraded shares of Netflix from a "hold" rating to a "buy" rating and boosted their price objective for the company from $1,150.00 to $1,350.00 in a research report on Wednesday, September 17th. UBS Group restated a "market underperform" rating on shares of Netflix in a research note on Saturday, July 19th. Finally, Wedbush reiterated an "outperform" rating and issued a $1,500.00 price target (up previously from $1,400.00) on shares of Netflix in a research note on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $1,328.87.

Netflix Price Performance

Netflix stock opened at $1,210.61 on Friday. The stock has a 50-day moving average price of $1,208.75 and a two-hundred day moving average price of $1,150.10. Netflix, Inc. has a 12 month low of $677.88 and a 12 month high of $1,341.15. The company has a market capitalization of $514.42 billion, a PE ratio of 51.58, a P/E/G ratio of 2.03 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.

Netflix (NASDAQ:NFLX - Get Free Report) last released 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. The company had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm's revenue was up 15.9% compared to the same quarter last year. 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. Analysts expect that Netflix, Inc. will post 24.58 EPS 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.