Conscious Wealth Investments LLC Cuts Stock Position in Netflix, Inc. $NFLX

Conscious Wealth Investments LLC cut its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,291 shares of the Internet television network’s stock after selling 16 shares during the quarter. Netflix makes up about 3.7% of Conscious Wealth Investments LLC’s portfolio, making the stock its 5th largest position. Conscious Wealth Investments LLC’s holdings in Netflix were worth $5,746,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in NFLX. Stephens Consulting LLC raised its holdings in shares of Netflix by 150.0% during the second quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock valued at $33,000 after purchasing an additional 15 shares during the period. Rossby Financial LCC acquired a new position in Netflix during the 2nd quarter worth approximately $35,000. Flaharty Asset Management LLC acquired a new position in Netflix during the 1st quarter worth approximately $37,000. Maseco LLP acquired a new position in shares of Netflix during the second quarter worth approximately $39,000. Finally, LGT Financial Advisors LLC acquired a new position in shares of Netflix during the second quarter worth approximately $40,000. Institutional investors and hedge funds 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 completion of the transaction, the chief financial officer owned 3,691 shares in the company, valued at $4,290,418.40. This represents a 41.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David A. Hyman sold 424 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the transaction, the insider 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 have sold 104,100 shares of company stock worth $122,710,980. Company insiders own 1.37% of the company’s stock.

Wall Street Analysts Forecast Growth

NFLX has been the subject of a number of recent research reports. Phillip Securities lowered shares of Netflix from a “hold” rating to a “strong sell” rating in a research note on Monday, July 21st. Wells Fargo & Company lowered their price objective on shares of Netflix from $1,560.00 to $1,510.00 and set an “overweight” rating on the stock in a report on Wednesday, October 22nd. Jefferies Financial Group restated a “buy” rating and issued a $1,500.00 target price on shares of Netflix in a report on Wednesday, October 22nd. Cowen restated a “buy” rating on shares of Netflix in a report on Tuesday, October 7th. Finally, Wedbush lowered their price objective on Netflix from $1,500.00 to $1,400.00 and set an “outperform” rating for the company in a research note on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Netflix presently has an average rating of “Moderate Buy” and an average price target of $1,352.78.

Netflix Trading Down 0.0%

Shares of NFLX stock opened at $1,094.56 on Tuesday. Netflix, Inc. has a 52-week low of $747.77 and a 52-week high of $1,341.15. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.33. The company has a 50-day simple moving average of $1,204.20 and a two-hundred day simple moving average of $1,190.20. The company has a market capitalization of $463.80 billion, a price-to-earnings ratio of 45.72, a PEG ratio of 1.89 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.88 by ($1.01). The business had revenue of $11.51 billion during the quarter, compared to the consensus estimate of $11.52 billion. Netflix had a net margin of 24.05% and a return on equity of 41.86%. The business’s revenue was up 17.2% on a year-over-year basis. During the same period in the prior year, the company earned $5.40 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. Research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal 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.