KFA Private Wealth Group LLC Decreases Holdings in Netflix, Inc. $NFLX

KFA Private Wealth Group LLC cut its stake in Netflix, Inc. (NASDAQ:NFLX) by 5.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 238 shares of the Internet television network’s stock after selling 15 shares during the quarter. KFA Private Wealth Group LLC’s holdings in Netflix were worth $319,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Netflix by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network’s stock valued at $35,433,585,000 after purchasing an additional 509,255 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Netflix by 2.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,732,066 shares of the Internet television network’s stock valued at $10,940,505,000 after buying an additional 304,399 shares during the period. Alliancebernstein L.P. raised its position in shares of Netflix by 1.0% during the 1st quarter. Alliancebernstein L.P. now owns 5,194,939 shares of the Internet television network’s stock valued at $4,844,436,000 after buying an additional 53,611 shares during the period. Invesco Ltd. increased its stake in Netflix by 8.3% during the first quarter. Invesco Ltd. now owns 4,664,818 shares of the Internet television network’s stock worth $4,350,083,000 after acquiring an additional 356,617 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in Netflix by 3.5% during the first quarter. Wellington Management Group LLP now owns 4,385,666 shares of the Internet television network’s stock worth $4,089,765,000 after acquiring an additional 148,675 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Gregory K. Peters sold 2,026 shares of the 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 transaction, the chief executive officer owned 12,781 shares of the company’s stock, valued at $14,793,240.64. This represents a 13.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Reed Hastings sold 42,176 shares of the company’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 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 104,100 shares of company stock worth $122,710,980. Corporate insiders own 1.37% of the company’s stock.

Netflix Trading Down 0.9%

NFLX opened at $1,220.08 on Friday. Netflix, Inc. has a 12 month low of $677.88 and a 12 month high of $1,341.15. The stock has a market capitalization of $518.45 billion, a price-to-earnings ratio of 51.98, a PEG ratio of 2.07 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. The business has a fifty day moving average price of $1,210.84 and a 200 day moving average price of $1,167.10.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping 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 business had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. During the same period in the previous year, the company posted $4.88 earnings per share. The business’s revenue for the quarter 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. Sell-side analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Netflix in a research report on Wednesday. Pivotal Research reiterated a “buy” rating on shares of Netflix in a research report on Thursday, July 10th. UBS Group set a $1,425.00 price target on shares of Netflix in a research report on Tuesday. Robert W. Baird lifted their price target on shares of Netflix from $1,300.00 to $1,500.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. Finally, Canaccord Genuity Group reiterated a “buy” rating on shares of Netflix in a report on Thursday, July 10th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $1,337.63.

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.