Checchi Capital Advisers LLC Sells 33 Shares of Netflix, Inc. $NFLX

Checchi Capital Advisers LLC lessened its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.9% during the 2nd quarter, Holdings Channel reports. The firm owned 3,766 shares of the Internet television network’s stock after selling 33 shares during the period. Checchi Capital Advisers LLC’s holdings in Netflix were worth $5,042,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Halbert Hargrove Global Advisors LLC increased its holdings in shares of Netflix by 100.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock worth $25,000 after purchasing an additional 13 shares during the last quarter. Flaharty Asset Management LLC bought a new stake in Netflix in the 1st quarter worth approximately $37,000. Maseco LLP bought a new stake in Netflix in the second quarter worth $39,000. Barnes Dennig Private Wealth Management LLC bought a new stake in Netflix in the first quarter worth $42,000. Finally, 1248 Management LLC bought a new stake in Netflix in the first quarter worth $43,000. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Down 0.8%

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

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating analysts’ consensus estimates of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The company had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter last year, the company earned $4.88 earnings per share. The firm’s revenue for the quarter 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, analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Wells Fargo & Company boosted their target price on shares of Netflix from $1,500.00 to $1,560.00 and gave the stock an “overweight” rating in a report on Friday, July 18th. Morgan Stanley reissued an “equal weight” rating on shares of Netflix in a research report on Monday, July 21st. Jefferies Financial Group reiterated a “buy” rating on shares of Netflix in a research report on Thursday, September 11th. Zacks Research downgraded shares of Netflix from a “strong-buy” rating to a “hold” rating in a report on Monday, September 1st. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $1,425.00 price target (up from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and an average price target of $1,335.00.

Insider Buying and Selling

In other news, CEO Gregory K. Peters sold 2,026 shares of the firm’s 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 $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 available through this hyperlink. Also, CEO Theodore A. Sarandos sold 2,026 shares of the firm’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the completion of the sale, the chief executive officer directly owned 15,168 shares of the company’s stock, valued at $17,604,284.16. The trade was a 11.78% decrease in their position. The disclosure for this sale can be found here. Insiders sold 104,100 shares of company stock valued at $122,710,980 over the last quarter. 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.