Keudell Morrison Wealth Management Lowers Position in Netflix, Inc. $NFLX

Keudell Morrison Wealth Management decreased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 962 shares of the Internet television network’s stock after selling 42 shares during the quarter. Keudell Morrison Wealth Management’s holdings in Netflix were worth $1,288,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC lifted its holdings in shares of Netflix by 5.0% during the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock worth $4,804,000 after acquiring an additional 257 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in Netflix by 16.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock worth $912,000 after purchasing an additional 144 shares during the last quarter. Vest Financial LLC boosted its holdings in shares of Netflix by 70.7% in the 1st quarter. Vest Financial LLC now owns 3,365 shares of the Internet television network’s stock worth $3,138,000 after purchasing an additional 1,394 shares in the last quarter. Sovereign Financial Group Inc. increased its position in shares of Netflix by 103.4% during the 1st quarter. Sovereign Financial Group Inc. now owns 1,206 shares of the Internet television network’s stock valued at $1,125,000 after purchasing an additional 613 shares during the last quarter. Finally, Pines Wealth Management LLC raised its holdings in shares of Netflix by 15.9% during the 1st quarter. Pines Wealth Management LLC now owns 1,023 shares of the Internet television network’s stock valued at $890,000 after buying an additional 140 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Trading Down 0.8%

Netflix stock opened at $1,153.32 on Friday. Netflix, Inc. has a 12 month low of $677.88 and a 12 month high of $1,341.15. 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 business’s fifty day simple moving average is $1,207.36 and its two-hundred day simple moving average is $1,160.35. The company has a market capitalization of $490.08 billion, a price-to-earnings ratio of 49.14, a price-to-earnings-growth ratio of 1.94 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. During the same quarter in the previous year, the firm earned $4.88 EPS. Netflix’s quarterly revenue 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. As a group, equities analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on NFLX shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of Netflix in a research note on Thursday, September 11th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $1,425.00 price objective (up previously from $1,200.00) on shares of Netflix in a research note on Tuesday, July 15th. Phillip Securities lowered shares of Netflix from a “hold” rating to a “strong sell” rating in a report on Monday, July 21st. Loop Capital raised shares of Netflix from a “hold” rating to a “buy” rating and boosted their price target for the stock from $1,150.00 to $1,350.00 in a research note on Wednesday, September 17th. Finally, Oppenheimer raised their price objective on Netflix from $1,200.00 to $1,425.00 and gave the company an “outperform” rating in a research note on Thursday, June 12th. One equities research 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and a consensus price target of $1,335.00.

Insider Activity at Netflix

In other Netflix news, CEO Gregory K. Peters sold 2,026 shares of Netflix stock in a transaction on Tuesday, August 5th. The stock was 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 of the company’s stock, valued at approximately $14,793,240.64. This trade represents a 13.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Theodore A. Sarandos sold 2,026 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer directly 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. Insiders have sold 104,100 shares of company stock valued at $122,710,980 over the last ninety days. Corporate 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.