Genesis Private Wealth LLC Sells 28 Shares of Netflix, Inc. $NFLX

Genesis Private Wealth LLC lowered its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.9% in the second quarter, Holdings Channel reports. The firm owned 544 shares of the Internet television network’s stock after selling 28 shares during the period. Genesis Private Wealth LLC’s holdings in Netflix were worth $728,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in NFLX. Halbert Hargrove Global Advisors LLC boosted its position in 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 period. Flaharty Asset Management LLC bought a new stake in Netflix during the first quarter worth approximately $37,000. Maseco LLP bought a new stake in Netflix during the second quarter worth approximately $39,000. Barnes Dennig Private Wealth Management LLC bought a new stake in Netflix during the first quarter worth approximately $42,000. Finally, 1248 Management LLC bought a new stake in Netflix during the first quarter worth approximately $43,000. Institutional investors own 80.93% of the company’s stock.

Insider Transactions at Netflix

In other Netflix news, CFO Spencer Adam Neumann sold 2,601 shares of the company’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $1,162.40, for a total value of $3,023,402.40. Following the sale, the chief financial officer directly owned 3,691 shares in the company, valued at $4,290,418.40. This represents a 41.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Theodore A. Sarandos sold 2,026 shares of the company’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the completion of the sale, the chief executive officer owned 15,168 shares in the company, valued at $17,604,284.16. This trade represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 88,728 shares of company stock valued at $108,700,648. Company insiders own 1.37% of the company’s stock.

Analysts Set New Price Targets

NFLX has been the subject of a number of research analyst reports. Canaccord Genuity Group reiterated a “buy” rating on shares of Netflix in a report on Thursday, July 10th. The Goldman Sachs Group upped their price target on Netflix from $1,000.00 to $1,140.00 and gave the stock a “neutral” rating in a report on Wednesday, July 2nd. Phillip Securities lowered Netflix from a “hold” rating to a “strong sell” rating in a report on Monday, July 21st. Robert W. Baird upped their price target on Netflix from $1,300.00 to $1,500.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. Finally, JPMorgan Chase & Co. upped their price target on Netflix from $1,230.00 to $1,300.00 and gave the stock a “neutral” rating in a report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Netflix presently has an average rating of “Moderate Buy” and an average target price of $1,328.87.

Netflix Stock Performance

Shares of NASDAQ NFLX opened at $1,210.61 on Monday. The business has a fifty day simple moving average of $1,208.75 and a 200 day simple moving average of $1,153.53. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $514.42 billion, a price-to-earnings ratio of 51.58, a PEG ratio of 2.04 and a beta of 1.60. Netflix, Inc. has a one year low of $677.88 and a one year high of $1,341.15.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating analysts’ consensus estimates of $7.07 by $0.12. The business had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.Netflix’s revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the company posted $4.88 earnings per share. 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 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.