Naviter Wealth LLC Sells 204 Shares of Netflix, Inc. $NFLX

Naviter Wealth LLC decreased its holdings in Netflix, Inc. (NASDAQ:NFLX) by 5.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,243 shares of the Internet television network’s stock after selling 204 shares during the quarter. Naviter Wealth LLC’s holdings in Netflix were worth $4,343,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Halbert Hargrove Global Advisors LLC increased its stake in shares of Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock valued at $25,000 after buying an additional 13 shares during the period. Stephens Consulting LLC increased its stake in shares of Netflix by 150.0% in the 2nd quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock valued at $33,000 after buying an additional 15 shares during the period. Flaharty Asset Management LLC acquired a new stake in shares of Netflix in the 1st quarter valued at $37,000. Maseco LLP acquired a new stake in shares of Netflix in the 2nd quarter valued at $39,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Netflix in the 1st quarter valued at $42,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Stock Performance

NFLX stock opened at $1,219.03 on Tuesday. The business’s 50-day moving average price is $1,211.81 and its two-hundred day moving average price is $1,171.80. 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 firm has a market cap of $518.00 billion, a PE ratio of 51.94, a P/E/G ratio of 2.05 and a beta of 1.59. Netflix, Inc. has a 1-year low of $677.88 and a 1-year high of $1,341.15.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping the consensus estimate of $7.07 by $0.12. The firm 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%.The company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the previous year, the company posted $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analysts Set New Price Targets

NFLX has been the subject of several research reports. JPMorgan Chase & Co. lifted their target price on Netflix from $1,230.00 to $1,300.00 and gave the company a “neutral” rating in a research note on Friday, July 18th. KeyCorp lifted their target price on Netflix from $1,070.00 to $1,390.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. BMO Capital Markets reaffirmed an “outperform” rating and set a $1,425.00 price objective (up from $1,200.00) on shares of Netflix in a research note on Tuesday, July 15th. Zacks Research cut Netflix from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 1st. Finally, Morgan Stanley set a $1,500.00 price objective on Netflix in a research note on Monday. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,337.63.

Insider Activity

In other Netflix news, CEO Gregory K. Peters sold 2,026 shares of Netflix stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Theodore A. Sarandos sold 2,026 shares of Netflix stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total value 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. This represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 104,100 shares of company stock valued at $122,710,980. 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.