Finivi Inc. Cuts Position in Netflix, Inc. $NFLX

Finivi Inc. reduced its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 56.4% in the second quarter, Holdings Channel reports. The firm owned 9,955 shares of the Internet television network’s stock after selling 12,858 shares during the quarter. Finivi Inc.’s holdings in Netflix were worth $711,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of NFLX. Imprint Wealth LLC purchased a new position in Netflix in the 3rd quarter worth about $25,000. Wealth Watch Advisors INC bought a new position in shares of Netflix during the 3rd quarter valued at $103,000. Strategic Wealth Investment Group LLC purchased a new position in Netflix in the second quarter worth about $121,000. Wiser Advisor Group LLC purchased a new stake in Netflix during the third quarter valued at approximately $114,000. Finally, Beaird Harris Wealth Management LLC increased its stake in shares of Netflix by 9.6% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 114 shares of the Internet television network’s stock worth $137,000 after purchasing an additional 10 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on NFLX shares. Needham & Company LLC reaffirmed a “buy” rating on shares of Netflix in a report on Friday, April 17th. Sanford C. Bernstein set a $95.00 target price on Netflix and gave the company an “outperform” rating in a research report on Friday, July 17th. Deutsche Bank Aktiengesellschaft set a $110.00 target price on shares of Netflix in a report on Monday, July 20th. Bank of America restated a “buy” rating and set a $125.00 target price on shares of Netflix in a research report on Monday, May 18th. Finally, BMO Capital Markets lowered Netflix from an “outperform” rating to a “market perform” rating in a research report on Monday, July 20th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, seventeen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and a consensus target price of $103.48.

Netflix Stock Performance

Netflix stock opened at $74.14 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market capitalization of $308.71 billion, a P/E ratio of 23.34, a price-to-earnings-growth ratio of 0.93 and a beta of 1.52. Netflix, Inc. has a 1-year low of $65.08 and a 1-year high of $126.71. The company’s 50-day moving average is $75.32 and its 200 day moving average is $84.86.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.01. The business had revenue of $12.56 billion during the quarter, compared to analyst estimates of $12.58 billion. Netflix had a return on equity of 40.02% and a net margin of 28.22%.The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.72 earnings per share. Research analysts forecast that Netflix, Inc. will post 3.59 EPS for the current year.

Insider Activity at Netflix

In other Netflix news, Director Bradford L. Smith sold 35,990 shares of the company’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $77.52, for a total value of $2,789,944.80. Following the transaction, the director owned 79,690 shares of the company’s stock, valued at $6,177,568.80. This represents a 31.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Reed Hastings sold 386,700 shares of Netflix stock in a transaction on Monday, June 1st. The stock was sold at an average price of $85.97, for a total value of $33,244,599.00. Following the sale, the director owned 3,940 shares of the company’s stock, valued at approximately $338,721.80. This trade represents a 98.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 591,047 shares of company stock worth $48,355,766 over the last quarter. 1.24% of the stock is owned by insiders.

Key Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix will exclusively premiere Grand Theft Auto VI: An Extended Look on August 27, six hours before its YouTube release. The high-profile Rockstar Games event could drive subscriber engagement, streaming traffic and broader attention to Netflix’s platform. GTA VI Extended Look to Debut on Netflix
• Positive Sentiment: Wall Street’s outlook remains moderately bullish despite NFLX’s weak recent performance. Analysts’ consensus rating is “Moderate Buy,” with an average price target of approximately $103.48, substantially above recent trading levels. Netflix Receives Moderate Buy Consensus
• Positive Sentiment: One valuation analysis estimates Netflix could be about 26% undervalued based on discounted-cash-flow and market-multiple models. A multiyear licensing agreement involving The Walking Dead universe may provide additional content and monetization opportunities. Netflix May Be Undervalued
• Neutral Sentiment: Netflix’s latest quarterly results were mixed: earnings per share narrowly beat estimates and revenue rose 13.4% year over year, but revenue slightly missed expectations. Investors may therefore remain focused on future growth and engagement trends.
• Negative Sentiment: CEO Gregory Peters sold 27,312 shares worth about $2.0 million, reducing his direct holdings by 18.42%. Director Richard Barton also sold 2,160 shares for approximately $162,000. Barton’s sale was made under a pre-arranged Rule 10b5-1 plan, limiting its significance, but the combined insider selling may still weigh on sentiment. Netflix Insider Selling
• Negative Sentiment: Netflix has underperformed the S&P 500 over the past year amid concerns about engagement, limited viewing-data disclosure and intensifying streaming competition. The shares also remain below their major moving averages, signaling continued technical pressure. Netflix Underperforms the S&P 500

Netflix Profile

Netflix, Inc (NASDAQ: NFLX) is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company’s primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.