16,500 Netflix, Inc. $NFLX Shares Sold by Kieckhefer Group LLC

Kieckhefer Group LLC trimmed its position in Netflix, Inc. (NASDAQ:NFLX) by 27.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,550 shares of the Internet television network’s stock after selling 16,500 shares during the quarter. Netflix comprises 1.2% of Kieckhefer Group LLC’s investment portfolio, making the stock its 15th biggest position. Kieckhefer Group LLC’s holdings in Netflix were worth $2,961,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Cornerstone Financial Management LLC purchased a new position in Netflix in the fourth quarter worth approximately $26,000. Merkkuri Wealth Advisors LLC purchased a new stake in Netflix in the first quarter valued at $31,000. South Plains Financial Inc. purchased a new position in shares of Netflix during the 4th quarter worth $33,000. Bayban increased its position in shares of Netflix by 400.0% during the 1st quarter. Bayban now owns 350 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 280 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd purchased a new stake in Netflix in the 2nd quarter valued at about $26,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insiders Place Their Bets

In other Netflix news, CEO Gregory K. Peters sold 27,312 shares of the company’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $73.54, for a total value of $2,008,524.48. Following the sale, the chief executive officer owned 120,931 shares of the company’s stock, valued at $8,893,265.74. This represents a 18.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Spencer Neumann sold 9,248 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $75.79, for a total value of $700,905.92. Following the completion of the sale, the chief financial officer owned 73,787 shares in the company, valued at $5,592,316.73. This represents a 11.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 179,045 shares of company stock worth $13,132,194. Insiders own 1.24% of the company’s stock.

Key Stories Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: KeyCorp maintained an Overweight rating and lowered its price target to $85 from $92, still implying substantial upside. The analyst identified four potential recovery levers, including improving content, strengthening advertising, better engagement and clearer communication with investors. KeyCorp and CNBC Netflix coverage
• Positive Sentiment: Some investors view the selloff as a long-term opportunity, pointing to resilient economics, continued sales growth, strong margins and a historically below-average earnings multiple. Netflix was also selected as a “Final Trade” on CNBC, indicating that some market participants remain bullish. Netflix long-term investment case
• Neutral Sentiment: Netflix reports third-quarter results on October 20. Wall Street will focus on whether revenue can meet guidance for approximately 12% growth, as well as advertising momentum, subscriber and viewing trends, content performance and management’s outlook. Free cash flow is a key concern because it declined alongside operating cash flow last quarter. Netflix earnings and free cash flow preview
• Negative Sentiment: Huber Research downgraded NFLX from Buy to Sell and sharply reduced its price target, adding to the negative analyst sentiment surrounding the stock. Huber Research Netflix downgrade
• Negative Sentiment: Investors are increasingly concerned about slowing growth in Netflix’s largest market: U.S. and Canada revenue growth fell to 10%, while competition from YouTube and other streaming services, content-quality issues and weaker engagement weigh on the outlook. Reports of potentially significant layoffs reinforce concerns about slowing momentum and cost pressure. Netflix regional growth concerns

Wall Street Analyst Weigh In

Several brokerages have recently commented on NFLX. Daiwa Securities Group decreased their price objective on shares of Netflix from $102.00 to $76.00 and set an “outperform” rating on the stock in a report on Wednesday, July 22nd. JPMorgan Chase & Co. restated a “buy” rating on shares of Netflix in a research report on Thursday, August 20th. China Intl Cap upgraded Netflix to a “strong-buy” rating in a report on Tuesday, July 21st. Wells Fargo & Company lowered Netflix from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $80.00 to $57.00 in a research note on Friday, September 18th. Finally, Rosenblatt Securities set a $75.00 target price on Netflix and gave the company a “neutral” rating in a report on Friday, July 17th. Three research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $94.53.

Netflix Stock Performance

NASDAQ:NFLX traded up $0.01 during mid-day trading on Tuesday, reaching $70.61. 11,770,618 shares of the stock were exchanged, compared to its average volume of 42,195,477. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $294.04 billion, a P/E ratio of 22.23, a P/E/G ratio of 0.99 and a beta of 1.62. Netflix, Inc. has a 1 year low of $65.08 and a 1 year high of $124.86. The company has a 50 day simple moving average of $75.40 and a 200-day simple moving average of $81.19.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, July 16th. The Internet television network reported $0.80 EPS for the quarter, beating the consensus estimate of $0.79 by $0.01. The firm had revenue of $12.56 billion during the quarter, compared to the consensus estimate of $12.58 billion. Netflix had a return on equity of 40.02% and a net margin of 28.22%. The firm’s revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.72 EPS. Analysts anticipate that Netflix, Inc. will post 3.59 earnings per share for the current fiscal year.

About Netflix

Netflix, Inc (NASDAQ:NFLX) is a global entertainment company that operates a subscription-based streaming service. It offers a broad range of television series, films, documentaries, and other programming, including original productions developed under the Netflix brand and licensed content from third-party studios.

The company also provides advertising-supported viewing options in some markets and has expanded into related entertainment categories, including mobile and cloud-based games, live programming, and consumer products associated with selected titles.