Netflix, Inc. $NFLX Shares Sold by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC decreased its position in Netflix, Inc. (NASDAQ:NFLX) by 11.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 4,437 shares of the Internet television network’s stock after selling 569 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Netflix were worth $5,942,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of NFLX. Brighton Jones LLC grew its holdings in Netflix by 5.0% in the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock valued at $4,804,000 after purchasing an additional 257 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in Netflix by 16.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock valued at $912,000 after purchasing an additional 144 shares during the last quarter. Patriot Financial Group Insurance Agency LLC grew its holdings in Netflix by 7.5% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 1,623 shares of the Internet television network’s stock valued at $1,513,000 after purchasing an additional 113 shares during the last quarter. Wedge Capital Management L L P NC acquired a new stake in shares of Netflix during the first quarter valued at $214,000. Finally, Capital Investment Advisors LLC boosted its stake in shares of Netflix by 77.5% during the first quarter. Capital Investment Advisors LLC now owns 3,904 shares of the Internet television network’s stock valued at $3,640,000 after acquiring an additional 1,705 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Performance

NASDAQ NFLX opened at $1,163.31 on Tuesday. The firm has a market capitalization of $494.33 billion, a P/E ratio of 49.57, a P/E/G ratio of 1.94 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. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. The business’s 50-day simple moving average is $1,207.13 and its 200-day simple moving average is $1,163.23.

Netflix (NASDAQ:NFLX) last announced its 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. The business had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The company’s revenue was up 15.9% on a year-over-year basis. During the same period last year, the business posted $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Equities analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Buying and Selling at Netflix

In related news, CFO Spencer Adam Neumann sold 2,600 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $1,172.51, for a total transaction of $3,048,526.00. Following the sale, the chief financial officer directly owned 3,691 shares in the company, valued at approximately $4,327,734.41. This trade represents a 41.33% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Theodore A. Sarandos sold 2,026 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the sale, the chief executive officer owned 15,168 shares in the company, valued at approximately $17,604,284.16. The trade was 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 worth $122,710,980. Insiders own 1.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on NFLX shares. Loop Capital raised Netflix from a “hold” rating to a “buy” rating and raised their price target for the stock from $1,150.00 to $1,350.00 in a research note on Wednesday, September 17th. UBS Group reissued a “market underperform” rating on shares of Netflix in a research note on Saturday, July 19th. BMO Capital Markets reissued an “outperform” rating and issued a $1,425.00 price target (up from $1,200.00) on shares of Netflix in a research note on Tuesday, July 15th. Rosenblatt Securities raised their price target on Netflix from $1,514.00 to $1,515.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Finally, Morgan Stanley reissued 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 issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Netflix has an average rating of “Moderate Buy” and a consensus price target of $1,335.00.

Netflix Company 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.