Netflix, Inc. $NFLX Shares Sold by Laraway Financial Advisors Inc

Laraway Financial Advisors Inc reduced its position in Netflix, Inc. (NASDAQ:NFLX) by 1.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,010 shares of the Internet television network’s stock after selling 28 shares during the quarter. Netflix comprises about 2.0% of Laraway Financial Advisors Inc’s investment portfolio, making the stock its 14th biggest position. Laraway Financial Advisors Inc’s holdings in Netflix were worth $2,692,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC lifted its stake in shares of Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock valued at $25,000 after purchasing an additional 13 shares in the last quarter. Flaharty Asset Management LLC purchased a new position in Netflix in the first quarter valued at approximately $37,000. Maseco LLP acquired a new position in Netflix during the second quarter valued at approximately $39,000. Barnes Dennig Private Wealth Management LLC acquired a new position in Netflix during the first quarter valued at approximately $42,000. Finally, 1248 Management LLC purchased a new stake in Netflix during the first quarter worth approximately $43,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $1,163.31 on Tuesday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a fifty-two week low of $677.88 and a fifty-two week high of $1,341.15. The business has a 50 day moving average price of $1,207.13 and a two-hundred day moving average price of $1,163.23. The firm has a market cap of $494.33 billion, a PE ratio of 49.57, a price-to-earnings-growth ratio of 1.94 and a beta of 1.59.

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on NFLX shares. UBS Group reissued a “market underperform” rating on shares of Netflix in a research note on Saturday, July 19th. Canaccord Genuity Group reissued a “buy” rating on shares of Netflix in a research report on Thursday, July 10th. TD Cowen upped their target price on Netflix from $1,440.00 to $1,450.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Wells Fargo & Company increased their target price on Netflix from $1,500.00 to $1,560.00 and gave the company an “overweight” rating in a research note on Friday, July 18th. Finally, Morgan Stanley reissued an “equal weight” rating on shares of Netflix in a research report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,335.00.

Insider Activity at Netflix

In related news, Director Reed Hastings sold 42,176 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the completion of the sale, the director directly owned 394 shares of the company’s stock, valued at $461,736.48. The trade was a 99.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $1,162.40, for a total value of $3,023,402.40. Following the sale, the chief financial officer directly owned 3,691 shares in the company, valued at approximately $4,290,418.40. This represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,100 shares of company stock worth $122,710,980 over the last 90 days. Company 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.