Jeppson Wealth Management LLC Trims Stock Holdings in Netflix, Inc. $NFLX

Jeppson Wealth Management LLC trimmed its holdings in Netflix, Inc. (NASDAQ:NFLX) by 2.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,010 shares of the Internet television network’s stock after selling 22 shares during the quarter. Jeppson Wealth Management LLC’s holdings in Netflix were worth $1,353,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Halbert Hargrove Global Advisors LLC increased its holdings in Netflix by 100.0% during the 1st 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 period. Copia Wealth Management purchased a new position in Netflix during the 4th quarter worth $37,000. Flaharty Asset Management LLC purchased a new position in Netflix during the 1st quarter worth $37,000. Maseco LLP purchased a new position in Netflix during the 2nd quarter worth $39,000. Finally, Barnes Dennig Private Wealth Management LLC purchased a new position in Netflix during the 1st quarter worth $42,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Netflix

In other news, Director Reed Hastings sold 25,959 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $1,207.71, for a total value of $31,350,943.89. Following the completion of the sale, the director owned 394 shares of the company’s stock, valued at $475,837.74. This trade represents a 98.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,600 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $1,207.76, for a total value of $3,140,176.00. Following the completion of the sale, the chief financial officer directly owned 3,691 shares of the company’s stock, valued at $4,457,842.16. The trade was a 41.33% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 88,728 shares of company stock worth $108,700,648. 1.37% of the stock is currently owned by corporate insiders.

Netflix Stock Down 1.2%

Netflix stock opened at $1,203.95 on Thursday. 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 stock has a market capitalization of $511.59 billion, a price-to-earnings ratio of 51.30, a PEG ratio of 2.05 and a beta of 1.60. Netflix, Inc. has a 1-year low of $677.88 and a 1-year high of $1,341.15. The business has a fifty day moving average price of $1,210.04 and a 200-day moving average price of $1,145.57.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data 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 firm had revenue of $11.08 billion during the quarter, compared to analysts’ expectations of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The business’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the firm earned $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Equities research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on NFLX. Pivotal Research restated a “buy” rating on shares of Netflix in a report on Thursday, July 10th. Robert W. Baird increased their target price on Netflix from $1,300.00 to $1,500.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. Needham & Company LLC reaffirmed a “buy” rating and set a $1,500.00 target price on shares of Netflix in a research report on Wednesday, September 10th. BMO Capital Markets reaffirmed an “outperform” rating and set a $1,425.00 target price (up previously from $1,200.00) on shares of Netflix in a research report on Tuesday, July 15th. Finally, KeyCorp increased their target price on Netflix from $1,070.00 to $1,390.00 and gave the company an “overweight” rating in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Netflix has an average rating of “Moderate Buy” and an average target price of $1,328.87.

About Netflix

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.