Vivid Wealth Management LLC Sells 679 Shares of Netflix, Inc. $NFLX

Key Points

• Vivid Wealth Management LLC reduced its stake in Netflix, Inc. by 25.7%, selling 679 shares and holding a total of 1,964 shares worth approximately $2.63 million.
• Numerous large investors have recently altered their positions in Netflix, with notable increases in holdings from firms like Nuveen LLC and Goldman Sachs Group Inc..
• Analysts have mixed ratings on Netflix, with an average price target of $1,337.63 and several institutions issuing new price objectives reflecting varying levels of optimism.

Vivid Wealth Management LLC lessened its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 25.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,964 shares of the Internet television network's stock after selling 679 shares during the period. Vivid Wealth Management LLC's holdings in Netflix were worth $2,630,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in NFLX. Nuveen LLC bought a new stake in Netflix in the 1st quarter valued at $2,385,585,000. Kingstone Capital Partners Texas LLC raised its stake in Netflix by 343,058.2% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 2,463,876 shares of the Internet television network's stock valued at $3,299,450,000 after acquiring an additional 2,463,158 shares during the period. Goldman Sachs Group Inc. grew its holdings 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 valued at $3,164,134,000 after buying an additional 1,236,251 shares in the last quarter. Amundi grew its holdings in Netflix by 37.7% in the 1st quarter. Amundi now owns 2,070,221 shares of the Internet television network's stock valued at $1,898,496,000 after buying an additional 567,251 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in Netflix by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock valued at $35,433,585,000 after buying an additional 509,255 shares in the last quarter. Institutional investors own 80.93% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on NFLX shares. Itau BBA Securities started coverage on Netflix in a report on Tuesday. They issued an "outperform" rating and a $1,514.00 price objective on the stock. Robert W. Baird upped their price objective on Netflix from $1,300.00 to $1,500.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Rosenblatt Securities upped their price objective on Netflix from $1,514.00 to $1,515.00 and gave the company a "buy" rating in a report on Friday, July 18th. Barclays reaffirmed a "sell" rating and issued a $1,100.00 price objective (up from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. Finally, KeyCorp upped their price objective on Netflix from $1,070.00 to $1,390.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $1,337.63.

Netflix Stock Performance

NFLX opened at $1,231.07 on Friday. The firm has a market cap of $523.12 billion, a P/E ratio of 52.45, a price-to-earnings-growth ratio of 2.04 and a beta of 1.59. Netflix, Inc. has a 52-week low of $677.88 and a 52-week high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. The business's fifty day moving average is $1,209.61 and its 200-day moving average is $1,165.56.

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 for the quarter, beating the consensus estimate of $7.07 by $0.12. The business had revenue of $11.08 billion for 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%.Netflix's revenue was up 15.9% compared to the same quarter last year. During the same period last 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. Sell-side analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Gregory K. Peters sold 2,026 shares of the firm's stock in a transaction dated 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 trade represents a 13.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Cletus R. Willems sold 238 shares of the firm's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total value of $274,537.76. The disclosure for this sale can be found here. Insiders sold a total of 104,100 shares of company stock valued at $122,710,980 over the last ninety days. 1.37% of the stock is owned by insiders.

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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