Wealthcare Capital Management LLC lowered its position in shares of Netflix, Inc. (NASDAQ:NFLX – Free Report) by 43.8% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 164 shares of the Internet television network’s stock after selling 128 shares during the quarter. Wealthcare Capital Management LLC’s holdings in Netflix were worth $220,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC increased its stake in Netflix by 5.0% during 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 boosted its position in Netflix by 16.4% during the 4th 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 period. Vest Financial LLC increased its position in Netflix by 70.7% in the first quarter. Vest Financial LLC now owns 3,365 shares of the Internet television network’s stock worth $3,138,000 after buying an additional 1,394 shares during the period. Sovereign Financial Group Inc. lifted its stake in Netflix by 103.4% in the first quarter. Sovereign Financial Group Inc. now owns 1,206 shares of the Internet television network’s stock valued at $1,125,000 after buying an additional 613 shares during the last quarter. Finally, Pines Wealth Management LLC boosted its holdings in shares of Netflix by 15.9% during the first quarter. Pines Wealth Management LLC now owns 1,023 shares of the Internet television network’s stock valued at $890,000 after acquiring an additional 140 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.
Insider Transactions at Netflix
In other Netflix news, CEO Gregory K. Peters sold 2,026 shares of the 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 sale, the chief executive officer owned 12,781 shares in the company, valued at $14,793,240.64. This represents a 13.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David A. Hyman sold 424 shares of Netflix stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the sale, the insider directly owned 31,610 shares of the company’s stock, 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. In the last quarter, insiders have sold 104,100 shares of company stock worth $122,710,980. 1.37% of the stock is owned by company insiders.
Netflix Stock Performance
Netflix (NASDAQ:NFLX – Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping analysts’ consensus estimates of $7.07 by $0.12. The firm had revenue of $11.08 billion during 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 business’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period last year, the company posted $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, sell-side analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several analysts recently weighed in on the stock. Morgan Stanley reiterated an “equal weight” rating on shares of Netflix in a research report on Monday, July 21st. Wedbush reiterated an “outperform” rating and set a $1,500.00 price objective (up from $1,400.00) on shares of Netflix in a research report on Monday, July 14th. Phillip Securities cut Netflix from a “hold” rating to a “strong sell” rating in a research report on Monday, July 21st. TD Cowen lifted their target price on Netflix from $1,440.00 to $1,450.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Finally, Seaport Res Ptn cut Netflix from a “strong-buy” rating to a “hold” rating in a research note on Sunday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and an average price target of $1,335.00.
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.
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