Netflix, Inc. $NFLX Position Lowered by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC reduced its position in Netflix, Inc. (NASDAQ:NFLX) by 6.6% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 7,096 shares of the Internet television network’s stock after selling 500 shares during the period. Valeo Financial Advisors LLC’s holdings in Netflix were worth $9,502,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Nuveen LLC acquired a new position in shares of Netflix in the 1st quarter valued at about $2,385,585,000. Kingstone Capital Partners Texas LLC lifted its holdings in Netflix by 343,058.2% in the second quarter. Kingstone Capital Partners Texas LLC now owns 2,463,876 shares of the Internet television network’s stock worth $3,299,450,000 after acquiring an additional 2,463,158 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Netflix by 57.3% in the first 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 acquiring an additional 1,236,251 shares during the period. Amundi grew its holdings in shares of Netflix by 37.7% during the first quarter. Amundi now owns 2,070,221 shares of the Internet television network’s stock valued at $1,898,496,000 after purchasing an additional 567,251 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Netflix by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network’s stock worth $35,433,585,000 after purchasing an additional 509,255 shares during the period. Institutional investors own 80.93% of the company’s stock.

Insider Activity

In related news, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $1,162.40, for a total transaction of $3,023,402.40. Following the completion of the sale, the chief financial officer owned 3,691 shares in the company, valued at $4,290,418.40. This represents a 41.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider David A. Hyman sold 424 shares of the firm’s stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total value of $491,276.08. Following the completion of the sale, the insider directly owned 31,610 shares in the company, valued at $36,625,558.70. This trade represents a 1.32% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 104,100 shares of company stock worth $122,710,980. Insiders own 1.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on NFLX shares. Barclays restated a “sell” rating and set a $1,100.00 price objective (up previously from $1,000.00) on shares of Netflix in a research report on Wednesday, July 9th. Pivotal Research restated a “buy” rating on shares of Netflix in a research report on Thursday, July 10th. Piper Sandler lifted their price objective on shares of Netflix from $1,400.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Friday, July 18th. Oppenheimer boosted their target price on shares of Netflix from $1,200.00 to $1,425.00 and gave the company an “outperform” rating in a research note on Thursday, June 12th. Finally, Morgan Stanley restated an “equal weight” rating on shares of Netflix in a research note on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,335.00.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $1,153.32 on Monday. The stock has a market capitalization of $490.08 billion, a P/E ratio of 49.14, a P/E/G ratio of 1.94 and a beta of 1.59. The business has a 50-day moving average of $1,207.36 and a two-hundred day moving average of $1,161.81. Netflix, Inc. has a fifty-two week low of $677.88 and a fifty-two week high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $11.04 billion. During the same quarter last year, the company posted $4.88 earnings per share. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, equities research analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal 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.