Whalen Wealth Management Inc. Sells 925 Shares of Netflix, Inc. $NFLX

Whalen Wealth Management Inc. reduced its holdings in Netflix, Inc. (NASDAQ:NFLX) by 49.9% in the 2nd quarter, Holdings Channel reports. The fund owned 928 shares of the Internet television network’s stock after selling 925 shares during the quarter. Netflix accounts for 0.8% of Whalen Wealth Management Inc.’s portfolio, making the stock its 28th biggest position. Whalen Wealth Management Inc.’s holdings in Netflix were worth $1,243,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Stephens Consulting LLC increased its holdings in shares of Netflix by 150.0% in the second quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock worth $33,000 after acquiring an additional 15 shares in the last quarter. Rossby Financial LCC bought a new stake in shares of Netflix in the second quarter worth about $35,000. Flaharty Asset Management LLC bought a new stake in shares of Netflix in the first quarter worth about $37,000. Maseco LLP bought a new stake in shares of Netflix in the second quarter worth about $39,000. Finally, LGT Financial Advisors LLC bought a new stake in shares of Netflix in the second quarter worth about $40,000. 80.93% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Reed Hastings sold 42,176 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total transaction of $49,426,897.92. Following the completion of the transaction, the director directly owned 394 shares of the company’s stock, valued at approximately $461,736.48. This represents a 99.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Theodore A. Sarandos sold 2,026 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $17,604,284.16. This trade represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 104,100 shares of company stock valued at $122,710,980. Corporate insiders own 1.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on NFLX shares. Wall Street Zen downgraded Netflix from a “buy” rating to a “hold” rating in a report on Saturday, October 4th. Citigroup reaffirmed a “neutral” rating and set a $1,295.00 price objective (up from $1,280.00) on shares of Netflix in a research report on Friday, October 3rd. Pivotal Research reaffirmed a “buy” rating on shares of Netflix in a research report on Thursday, July 10th. The Goldman Sachs Group reduced their price objective on Netflix from $1,310.00 to $1,300.00 and set a “neutral” rating for the company in a research report on Tuesday, September 30th. Finally, UBS Group set a $1,500.00 price objective on Netflix in a research report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,344.64.

Netflix Stock Performance

Shares of NASDAQ NFLX opened at $1,102.50 on Wednesday. The stock has a 50 day moving average price of $1,201.97 and a 200 day moving average price of $1,191.47. Netflix, Inc. has a 52 week low of $747.77 and a 52 week high of $1,341.15. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.33. The stock has a market capitalization of $467.16 billion, a PE ratio of 46.05, a price-to-earnings-growth ratio of 1.89 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, October 21st. The Internet television network reported $5.87 EPS for the quarter, missing the consensus estimate of $6.88 by ($1.01). Netflix had a net margin of 24.05% and a return on equity of 41.86%. The company had revenue of $11.51 billion for the quarter, compared to analyst estimates of $11.52 billion. During the same period last year, the company posted $5.40 earnings per share. The business’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. Analysts predict that Netflix, Inc. will post 24.58 earnings per share 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.