San Luis Wealth Advisors LLC Has $6 Million Stake in Netflix, Inc. $NFLX

San Luis Wealth Advisors LLC cut its holdings in Netflix, Inc. (NASDAQ:NFLX) by 16.5% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 4,482 shares of the Internet television network’s stock after selling 885 shares during the quarter. Netflix comprises approximately 1.3% of San Luis Wealth Advisors LLC’s portfolio, making the stock its 24th largest holding. San Luis Wealth Advisors LLC’s holdings in Netflix were worth $6,002,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Halbert Hargrove Global Advisors LLC lifted its holdings in shares of Netflix by 100.0% in the first 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 bought a new position in shares of Netflix during the 1st quarter valued at $37,000. Maseco LLP purchased a new position in shares of Netflix during the second quarter valued at about $39,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Netflix during the first quarter valued at approximately $42,000. Finally, 1248 Management LLC acquired a new position in shares of Netflix during the first quarter worth $43,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NFLX has been the topic of a number of research reports. Oppenheimer increased their target price on shares of Netflix from $1,200.00 to $1,425.00 and gave the stock an “outperform” rating in a report on Thursday, June 12th. Piper Sandler increased their price target on shares of Netflix from $1,400.00 to $1,500.00 and gave the stock an “overweight” rating in a research note on Friday, July 18th. Wedbush reissued an “outperform” rating and set a $1,500.00 price objective (up previously from $1,400.00) on shares of Netflix in a research note on Monday, July 14th. Loop Capital raised shares of Netflix from a “hold” rating to a “buy” rating and upped their price objective for the stock from $1,150.00 to $1,350.00 in a research report on Wednesday, September 17th. Finally, Rosenblatt Securities raised their target price on Netflix from $1,514.00 to $1,515.00 and gave the company a “buy” rating in a research report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and an average price target of $1,328.87.

Insider Activity

In other Netflix news, Director Reed Hastings sold 25,959 shares of the stock in a transaction dated 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 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 at this link. Also, CFO Spencer Adam Neumann sold 2,600 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $1,207.76, for a total value of $3,140,176.00. Following the completion of the transaction, the chief financial officer directly owned 3,691 shares of the company’s stock, valued at $4,457,842.16. This represents a 41.33% decrease in their position. The disclosure for this sale can be found here. Insiders sold 88,728 shares of company stock valued at $108,700,648 in the last three months. Company insiders own 1.37% of the company’s stock.

Netflix Price Performance

Shares of NFLX stock opened at $1,210.61 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. Netflix, Inc. has a 52-week low of $677.88 and a 52-week high of $1,341.15. The firm’s 50 day moving average price is $1,208.75 and its two-hundred day moving average price is $1,151.70. The stock has a market cap of $514.42 billion, a PE ratio of 51.58, a PEG ratio of 2.04 and a beta of 1.60.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $11.04 billion. During the same quarter in the previous year, the business earned $4.88 earnings per share. Netflix’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. As a group, analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

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.