Netflix, Inc. $NFLX Stock: Kercheville Advisors LLC Reduces Stake

Kercheville Advisors LLC trimmed its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 29.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,006 shares of the Internet television network’s stock after selling 16,780 shares during the quarter. Kercheville Advisors LLC’s holdings in Netflix were worth $2,853,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Merkkuri Wealth Advisors LLC acquired a new position in shares of Netflix in the first quarter valued at approximately $31,000. Bayban lifted its holdings in shares of Netflix by 400.0% during the first quarter. Bayban now owns 350 shares of the Internet television network’s stock worth $34,000 after buying an additional 280 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd bought a new stake in shares of Netflix in the second quarter valued at about $26,000. Bank of New Hampshire grew its stake in shares of Netflix by 900.0% in the fourth quarter. Bank of New Hampshire now owns 380 shares of the Internet television network’s stock valued at $36,000 after acquiring an additional 342 shares in the last quarter. Finally, Compound Global Advisors LLC acquired a new position in shares of Netflix in the second quarter valued at about $29,000. 80.93% of the stock is owned by institutional investors.

Netflix Stock Down 1.0%

NASDAQ:NFLX traded down $0.68 during trading hours on Monday, hitting $69.85. 33,870,034 shares of the company traded hands, compared to its average volume of 42,228,020. Netflix, Inc. has a one year low of $65.08 and a one year high of $124.86. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.39. The company has a market cap of $290.85 billion, a PE ratio of 21.99, a PEG ratio of 1.00 and a beta of 1.62. The firm’s 50-day simple moving average is $75.04 and its 200-day simple moving average is $80.38.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, July 16th. The Internet television network reported $0.80 EPS for the quarter, beating the consensus estimate of $0.79 by $0.01. Netflix had a net margin of 28.22% and a return on equity of 40.02%. The company had revenue of $12.56 billion during the quarter, compared to the consensus estimate of $12.58 billion. During the same quarter in the prior year, the company posted $0.72 earnings per share. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. Equities analysts predict that Netflix, Inc. will post 3.59 earnings per share for the current year.

Wall Street Analyst Weigh In

NFLX has been the topic of a number of recent analyst reports. Weiss Ratings raised Netflix from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Wells Fargo & Company downgraded shares of Netflix from a “neutral” rating to an “underweight” rating and dropped their target price for the company from $80.00 to $57.00 in a research report on Friday, September 18th. Phillip Securities upgraded Netflix from a “moderate buy” rating to a “strong-buy” rating and set a $110.00 price target on the stock in a report on Sunday, July 19th. China Renaissance cut their target price on Netflix from $100.00 to $80.00 and set a “hold” rating on the stock in a report on Friday, July 17th. Finally, Rosenblatt Securities reissued a “neutral” rating and issued a $75.00 price target on shares of Netflix in a research report on Friday. Three investment analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $93.38.

Netflix News Summary

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Analysts expect third-quarter revenue of approximately $12.87 billion to $12.88 billion and earnings of about $0.82 per share. A meaningful beat, stronger guidance or evidence of renewed engagement could help reverse the recent weakness. Netflix Stock Has Fallen After 5 Straight Reports: Will Q3 Break the Streak?
• Positive Sentiment: Netflix’s advertising business remains a potential growth catalyst. The company is targeting $3 billion in 2026 advertising revenue, while upfront commitments have nearly doubled; improved ad monetization could offset slower viewing-hour growth. Can Ad-Supported Streaming Momentum Boost Netflix’s Q3 Results?
• Positive Sentiment: Jefferies initiated coverage with a Buy rating and an $85 price target, citing advertising, pricing and live sports as possible drivers of future upside. Jefferies Makes a Bold $85 Call on Netflix Stock

Insider Buying and Selling at Netflix

In other Netflix news, CEO Theodore Sarandos sold 105,850 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $73.03, for a total value of $7,730,225.50. Following the completion of the sale, the chief executive officer directly owned 206,266 shares of the company’s stock, valued at approximately $15,063,605.98. This represents a 33.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Richard Barton sold 2,160 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $75.10, for a total transaction of $162,216.00. Following the completion of the sale, the director owned 246 shares of the company’s stock, valued at approximately $18,474.60. This trade represents a 89.78% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 179,045 shares of company stock valued at $13,132,194 in the last quarter. 1.24% of the stock is owned by company insiders.

Netflix Company Profile

Netflix, Inc (NASDAQ:NFLX) is a global entertainment company that provides subscription-based streaming services. Its platform offers a broad selection of television series, films, documentaries, stand-up specials and other programming, including content produced by Netflix and licensed from third-party studios and creators.

The company also develops and distributes original productions under the Netflix brand and has expanded into additional entertainment offerings, including mobile and cloud-based games in select markets and live programming.