Global Wealth Strategies & Associates Decreases Stake in Netflix, Inc. $NFLX

Global Wealth Strategies & Associates lowered its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 15.7% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 118 shares of the Internet television network’s stock after selling 22 shares during the quarter. Global Wealth Strategies & Associates’ holdings in Netflix were worth $158,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Halbert Hargrove Global Advisors LLC grew its holdings in shares of Netflix by 100.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock worth $25,000 after purchasing an additional 13 shares during the period. Brown Shipley& Co Ltd purchased a new stake in shares of Netflix during the 4th quarter worth about $27,000. Copia Wealth Management purchased a new stake in shares of Netflix during the 4th quarter worth about $37,000. Flaharty Asset Management LLC purchased a new stake in shares of Netflix during the 1st quarter worth about $37,000. Finally, Stuart Chaussee & Associates Inc. grew its holdings in shares of Netflix by 4,500.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network’s stock worth $41,000 after purchasing an additional 45 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

Shares of NFLX opened at $1,188.44 on Friday. The business’s 50 day moving average is $1,218.15 and its two-hundred day moving average is $1,132.43. Netflix, Inc. has a 52-week low of $677.88 and a 52-week high of $1,341.15. The firm has a market cap of $505.00 billion, a price-to-earnings ratio of 50.64, a PEG ratio of 2.03 and a beta of 1.60. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX) last announced its 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 company had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same period in the prior year, the company posted $4.88 EPS. Netflix’s quarterly 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. Analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Jefferies Financial Group reiterated a “buy” rating on shares of Netflix in a report on Tuesday, August 12th. Phillip Securities cut Netflix from a “hold” rating to a “strong sell” rating in a report on Monday, July 21st. Loop Capital restated a “hold” rating on shares of Netflix in a report on Tuesday, July 15th. TD Cowen upped their price target on Netflix from $1,440.00 to $1,450.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Finally, Morgan Stanley restated an “equal weight” rating on shares of Netflix in a report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Netflix has an average rating of “Moderate Buy” and a consensus price target of $1,317.58.

Insiders Place Their Bets

In other Netflix news, Director Reed Hastings sold 25,959 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $1,207.71, for a total value of $31,350,943.89. Following the transaction, the director directly owned 394 shares of the company’s stock, valued at $475,837.74. This represents a 98.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Gregory K. Peters sold 2,026 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 12,781 shares in the company, valued at approximately $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. In the last quarter, insiders sold 89,348 shares of company stock valued at $109,498,489. Company insiders own 1.37% of the company’s stock.

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.