Netflix, Inc. $NFLX Shares Sold by Financial & Tax Architects LLC

Financial & Tax Architects LLC cut its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 87.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 3,350 shares of the Internet television network’s stock after selling 24,294 shares during the period. Financial & Tax Architects LLC’s holdings in Netflix were worth $233,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Merkkuri Wealth Advisors LLC acquired a new stake in shares of Netflix during the first quarter valued at approximately $31,000. Bayban lifted its position in shares of Netflix by 400.0% in the 1st quarter. Bayban now owns 350 shares of the Internet television network’s stock valued at $34,000 after acquiring an additional 280 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of Netflix in the 2nd quarter valued at approximately $26,000. Bank of New Hampshire boosted its stake in Netflix by 900.0% in the 4th quarter. Bank of New Hampshire now owns 380 shares of the Internet television network’s stock worth $36,000 after purchasing an additional 342 shares during the period. Finally, Compound Global Advisors LLC acquired a new position in Netflix in the 2nd quarter worth approximately $29,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on NFLX shares. Deutsche Bank Aktiengesellschaft upgraded shares of Netflix from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $100.00 to $95.00 in a research report on Tuesday, September 29th. Jefferies Financial Group set a $85.00 target price on shares of Netflix and gave the company a “buy” rating in a research note on Thursday. Rothschild & Co Redburn reduced their target price on Netflix from $120.00 to $93.00 and set a “buy” rating for the company in a report on Tuesday, July 21st. Citigroup reaffirmed a “market perform” rating on shares of Netflix in a research report on Thursday. Finally, Seaport Research Partners downgraded Netflix from a “buy” rating to a “neutral” rating in a report on Monday, July 20th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $94.41.

Insider Transactions at Netflix

In other Netflix news, insider David Hyman sold 5,723 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $72.85, for a total value of $416,920.55. Following the completion of the sale, the insider owned 316,100 shares in the company, valued at $23,027,885. This represents a 1.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Richard Barton sold 2,160 shares of Netflix stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $75.10, for a total transaction of $162,216.00. Following the sale, the director directly owned 246 shares of the company’s stock, valued at $18,474.60. This trade represents a 89.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 179,045 shares of company stock worth $13,132,194. 1.24% of the stock is owned by company insiders.

Netflix Price Performance

NASDAQ NFLX opened at $72.61 on Friday. The company has a 50 day simple moving average of $75.25 and a 200-day simple moving average of $80.73. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market capitalization of $302.34 billion, a price-to-earnings ratio of 22.85, a price-to-earnings-growth ratio of 1.00 and a beta of 1.62. Netflix, Inc. has a 52-week low of $65.08 and a 52-week high of $124.86.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, July 16th. The Internet television network reported $0.80 EPS for the quarter, topping the consensus estimate of $0.79 by $0.01. Netflix had a net margin of 28.22% and a return on equity of 40.02%. The business had revenue of $12.56 billion during the quarter, compared to analysts’ expectations of $12.58 billion. During the same period last year, the company posted $0.72 earnings per share. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. Equities research analysts predict that Netflix, Inc. will post 3.59 earnings per share for the current fiscal year.

Key Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Jefferies initiated coverage with a Buy rating and an $85 price target, citing potential revenue support from subscription-price increases and advertising. Netflix stock gets bullish analyst call ahead of next week’s earnings
• Positive Sentiment: Netflix named former Disney and Fox executive Peter Rice as chief content officer, replacing Bela Bajaria. Rice’s experience could help Netflix improve its content strategy and viewer engagement as competition intensifies. Netflix names former Disney executive Rice as new content chief
• Neutral Sentiment: Netflix will release third-quarter results on October 20. Wall Street estimates for revenue, earnings and operating metrics may drive volatility as investors look for evidence that pricing, advertising and content investments are offsetting weaker engagement. Ahead of Netflix Q3 earnings
• Negative Sentiment: Netflix is eliminating roughly 1,000 positions, or 6% of its workforce, its largest reduction since 2022. Management described the move as a resource-allocation and efficiency effort, but investors may view it as evidence of slowing growth and pressure to control costs. Netflix is laying off roughly 6% of its workforce
• Negative Sentiment: Reports citing app data indicate U.S. churn has risen and viewing engagement has weakened. Those trends raise questions about Netflix’s ability to retain subscribers amid competition from other streaming services, YouTube and creator-led video. Netflix warning signs ahead of Q3 earnings

Netflix Profile

Netflix, Inc (NASDAQ:NFLX) is a global entertainment company that operates a subscription-based streaming service. It offers a broad range of television series, films, documentaries, and other programming, including original productions developed under the Netflix brand and licensed content from third-party studios.

The company also provides advertising-supported viewing options in some markets and has expanded into related entertainment categories, including mobile and cloud-based games, live programming, and consumer products associated with selected titles.