Fiduciary Wealth Partners LLC Sells 112 Shares of Netflix, Inc. $NFLX

Fiduciary Wealth Partners LLC lowered its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 66.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 57 shares of the Internet television network’s stock after selling 112 shares during the period. Fiduciary Wealth Partners LLC’s holdings in Netflix were worth $76,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Stephens Consulting LLC boosted its holdings in shares of Netflix by 150.0% during the second quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock worth $33,000 after purchasing an additional 15 shares during the period. Flaharty Asset Management LLC purchased a new stake in Netflix in the 1st quarter worth approximately $37,000. Maseco LLP bought a new stake in shares of Netflix in the 2nd quarter worth approximately $39,000. LGT Financial Advisors LLC purchased a new position in shares of Netflix during the second quarter valued at approximately $40,000. Finally, Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Netflix during the first quarter valued at approximately $42,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on NFLX shares. JPMorgan Chase & Co. dropped their price target on Netflix from $1,300.00 to $1,275.00 and set a “neutral” rating for the company in a research note on Wednesday. Piper Sandler reaffirmed an “overweight” rating and issued a $1,400.00 target price (down from $1,500.00) on shares of Netflix in a research report on Wednesday. Loop Capital raised shares of Netflix from a “hold” rating to a “buy” rating and lifted their target price for the company from $1,150.00 to $1,350.00 in a research note on Wednesday, September 17th. Robert W. Baird increased their price target on shares of Netflix from $1,300.00 to $1,500.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. Finally, Guggenheim restated a “buy” rating and issued a $1,450.00 price objective on shares of Netflix in a report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and an average target price of $1,352.78.

Insiders Place Their Bets

In other news, insider Cletus R. Willems sold 238 shares of Netflix stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $1,153.52, for a total value of $274,537.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Spencer Adam Neumann sold 2,600 shares of the stock in a transaction dated Wednesday, October 1st. The shares were 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 $4,327,734.41. This trade represents a 41.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 104,100 shares of company stock valued at $122,710,980. Company insiders own 1.37% of the company’s stock.

Netflix Trading Down 1.7%

Shares of NASDAQ NFLX opened at $1,094.69 on Friday. Netflix, Inc. has a 1 year low of $747.77 and a 1 year high of $1,341.15. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.34. The firm has a 50-day moving average of $1,207.21 and a 200 day moving average of $1,187.47. The stock has a market cap of $463.85 billion, a P/E ratio of 45.73, a price-to-earnings-growth ratio of 1.89 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share for the quarter, missing analysts’ consensus estimates of $6.88 by ($1.01). Netflix had a net margin of 24.05% and a return on equity of 41.86%. The business had revenue of $11.51 billion for the quarter, compared to the consensus estimate of $11.52 billion. During the same period in the prior year, the business posted $5.40 EPS. Netflix’s revenue for the quarter was up 17.2% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. As a group, sell-side analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

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.