Petros Family Wealth LLC Trims Position in Netflix, Inc. $NFLX

Petros Family Wealth LLC lessened its stake in Netflix, Inc. (NASDAQ:NFLX) by 8.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 670 shares of the Internet television network’s stock after selling 58 shares during the period. Petros Family Wealth LLC’s holdings in Netflix were worth $897,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Brighton Jones LLC grew its holdings in Netflix by 5.0% during the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock worth $4,804,000 after acquiring an additional 257 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in Netflix by 16.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock worth $912,000 after acquiring an additional 144 shares in the last quarter. Princeton Global Asset Management LLC grew its holdings in Netflix by 517.0% during the 1st quarter. Princeton Global Asset Management LLC now owns 290 shares of the Internet television network’s stock worth $270,000 after acquiring an additional 243 shares in the last quarter. Sivia Capital Partners LLC grew its holdings in Netflix by 4.6% during the 1st quarter. Sivia Capital Partners LLC now owns 1,160 shares of the Internet television network’s stock worth $1,081,000 after acquiring an additional 51 shares in the last quarter. Finally, Clean Yield Group grew its holdings in Netflix by 31.0% during the 1st quarter. Clean Yield Group now owns 2,401 shares of the Internet television network’s stock worth $2,239,000 after acquiring an additional 568 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $1,153.32 on Monday. Netflix, Inc. has a one year low of $677.88 and a one year high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. The firm has a fifty day moving average of $1,207.36 and a 200 day moving average of $1,161.81. The firm has a market cap of $490.08 billion, a PE ratio of 49.14, a PEG ratio of 1.94 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company had revenue of $11.08 billion for the quarter, compared to analysts’ expectations of $11.04 billion. During the same quarter in the previous year, the company posted $4.88 EPS. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, research analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Ratings Changes

NFLX has been the topic of several recent research reports. The Goldman Sachs Group dropped their target price on shares of Netflix from $1,310.00 to $1,300.00 and set a “neutral” rating on the stock in a report on Tuesday, September 30th. KeyCorp increased their target price on shares of Netflix from $1,070.00 to $1,390.00 and gave the stock an “overweight” rating in a report on Thursday, July 10th. Canaccord Genuity Group reiterated a “buy” rating on shares of Netflix in a report on Thursday, July 10th. UBS Group reiterated a “market underperform” rating on shares of Netflix in a report on Saturday, July 19th. Finally, Rosenblatt Securities raised their price target on shares of Netflix from $1,514.00 to $1,515.00 and gave the company a “buy” rating in a report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and an average price target of $1,335.00.

Insider Activity at Netflix

In other Netflix news, Director Reed Hastings sold 42,176 shares of Netflix stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total transaction of $49,426,897.92. Following the sale, the director owned 394 shares of the company’s stock, valued at $461,736.48. The trade was a 99.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,600 shares of Netflix stock in a transaction on Wednesday, October 1st. The stock was 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 approximately $4,327,734.41. This trade represents a 41.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,100 shares of company stock worth $122,710,980 over the last 90 days. Corporate 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.