Netflix, Inc. $NFLX Shares Sold by Waypoint Wealth Partners Inc.

Waypoint Wealth Partners Inc. cut its stake in Netflix, Inc. (NASDAQ:NFLX) by 15.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 264 shares of the Internet television network’s stock after selling 50 shares during the period. Waypoint Wealth Partners Inc.’s holdings in Netflix were worth $354,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in NFLX. Halbert Hargrove Global Advisors LLC lifted its position in shares of Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock worth $25,000 after purchasing an additional 13 shares during the last quarter. Brown Shipley& Co Ltd bought a new stake in Netflix in the fourth quarter valued at about $27,000. Ransom Advisory Ltd acquired a new stake in Netflix during the second quarter valued at approximately $47,000. Flaharty Asset Management LLC bought a new position in Netflix during the 1st quarter worth approximately $37,000. Finally, Copia Wealth Management acquired a new position in shares of Netflix in the 4th quarter worth approximately $37,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Trading Up 2.3%

Shares of NASDAQ:NFLX opened at $1,228.50 on Thursday. The firm has a fifty day moving average of $1,213.71 and a two-hundred day moving average of $1,136.26. 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 12-month low of $677.88 and a 12-month high of $1,341.15. The firm has a market capitalization of $522.02 billion, a P/E ratio of 52.34, a price-to-earnings-growth ratio of 2.02 and a beta of 1.60.

Netflix (NASDAQ:NFLX) last posted 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. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same period in the prior year, the business posted $4.88 earnings per share. Netflix’s revenue for the quarter was up 15.9% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, equities analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Activity at Netflix

In other news, CEO Gregory K. Peters sold 2,026 shares of Netflix stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the completion of the sale, the chief executive officer directly owned 12,781 shares in the company, valued at $14,793,240.64. The trade was a 13.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David A. Hyman sold 424 shares of the business’s stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total value of $491,276.08. Following the completion of the sale, the insider directly owned 31,610 shares of the company’s stock, valued at approximately $36,625,558.70. The trade was a 1.32% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 89,348 shares of company stock worth $109,498,489. 1.37% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

NFLX has been the topic of several research reports. Loop Capital raised Netflix from a “hold” rating to a “buy” rating and upped their price target for the company from $1,150.00 to $1,350.00 in a research report on Wednesday. TD Cowen raised their target price on shares of Netflix from $1,440.00 to $1,450.00 and gave the stock a “buy” rating in a report on Friday, July 18th. UBS Group reiterated a “market underperform” rating on shares of Netflix in a research report on Saturday, July 19th. Seaport Res Ptn lowered shares of Netflix from a “strong-buy” rating to a “hold” rating in a research note on Sunday, July 6th. Finally, Phillip Securities downgraded Netflix from a “hold” rating to a “strong sell” rating in a research report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and a consensus price target of $1,328.87.

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.