Elite Wealth Management Inc. Sells 27,353 Shares of Netflix, Inc. $NFLX

Elite Wealth Management Inc. lessened its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 92.0% in the first quarter, Holdings Channel.com reports. The fund owned 2,380 shares of the Internet television network’s stock after selling 27,353 shares during the quarter. Elite Wealth Management Inc.’s holdings in Netflix were worth $229,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in NFLX. Imprint Wealth LLC acquired a new stake in shares of Netflix in the 3rd quarter valued at approximately $25,000. DiNuzzo Private Wealth Inc. lifted its position in Netflix by 885.2% in the 4th quarter. DiNuzzo Private Wealth Inc. now owns 266 shares of the Internet television network’s stock valued at $25,000 after acquiring an additional 239 shares in the last quarter. Turning Point Benefit Group Inc. raised its position in Netflix by 13,400.0% in the 4th quarter. Turning Point Benefit Group Inc. now owns 270 shares of the Internet television network’s stock valued at $25,000 after buying an additional 268 shares during the last quarter. Atlas Capital Advisors Inc. acquired a new position in Netflix during the 4th quarter worth approximately $26,000. Finally, Cornerstone Financial Management LLC acquired a new position in Netflix during the fourth quarter worth $26,000. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

Shares of NFLX opened at $70.40 on Tuesday. The company has a market cap of $293.14 billion, a PE ratio of 22.16, a price-to-earnings-growth ratio of 0.88 and a beta of 1.52. The firm has a 50-day moving average of $77.95 and a 200-day moving average of $85.87. Netflix, Inc. has a one year low of $65.08 and a one year high of $126.71. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.14 and a quick ratio of 1.14.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.01. Netflix had a net margin of 28.22% and a return on equity of 40.02%. The company had revenue of $12.56 billion for the quarter, compared to analysts’ expectations of $12.58 billion. During the same period in the prior year, the firm earned $0.72 EPS. Netflix’s quarterly revenue was up 13.4% compared to the same quarter last year. As a group, equities analysts forecast that Netflix, Inc. will post 3.59 earnings per share for the current year.

More Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Options traders remain constructive on Netflix, with call activity indicating that some investors expect the recovery to continue following the stock’s earnings-driven decline. Call Traders Aren’t Giving Up on Netflix Stock
• Positive Sentiment: Trader Mike Khouw said Netflix’s fundamental story remains intact despite the selloff, suggesting the decline could create an attractive setup if the company continues expanding profitability and monetizing advertising. The bullish case is also supported by analysts who view the concerns weighing on the stock as excessive. Netflix woes setting up for a Hollywood ending, says trader Mike Khouw
• Positive Sentiment: Netflix’s expanding margins, free cash flow, and substantial share repurchases provide fundamental support. The company has shifted toward profitable growth rather than maximizing subscribers, while some investors believe the stock’s decline has created better long-term value. Netflix: Record Buybacks, Rising Margins, and a Slate in Need of a Refresh
• Neutral Sentiment: Kalshi sent Netflix a cease-and-desist letter and threatened litigation over the trailer for the documentary Instadocs: The Prediction Games, alleging defamation and fabricated documents. The dispute could create reputational or legal risk, although its direct financial impact is unclear. Kalshi threatens to sue Netflix over prediction markets documentary
• Negative Sentiment: The recent earnings reaction remains a major overhang: Netflix missed revenue expectations and issued weak guidance, sending the stock sharply lower before its recovery. Investors are also questioning whether a share price still more than 40% below its high adequately reflects intensifying competition from Disney, Paramount, YouTube, short-form video, and AI-generated content. Netflix stock overview
• Negative Sentiment: A former Netflix executive sued the company, claiming he was fired after disclosing medically prescribed ketamine treatment. The allegations could add legal and reputational pressure, though they have not been adjudicated. Former Netflix executive lawsuit

Insider Transactions at Netflix

In other news, CFO Spencer Adam Neumann sold 9,253 shares of Netflix stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $88.95, for a total transaction of $823,054.35. Following the completion of the transaction, the chief financial officer directly owned 73,787 shares in the company, valued at approximately $6,563,353.65. The trade was a 11.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Reed Hastings sold 386,700 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $85.97, for a total value of $33,244,599.00. Following the transaction, the director directly owned 3,940 shares in the company, valued at $338,721.80. The trade was a 98.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 899,839 shares of company stock valued at $80,141,661. Company insiders own 1.24% of the company’s stock.

Analysts Set New Price Targets

NFLX has been the topic of several analyst reports. Moffett Nathanson cut their price target on shares of Netflix from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Wednesday, June 17th. China Renaissance raised their price objective on Netflix from $90.00 to $100.00 and gave the company a “hold” rating in a report on Friday, April 17th. Piper Sandler reaffirmed an “overweight” rating and issued a $85.00 target price (down from $115.00) on shares of Netflix in a research report on Friday, July 17th. Barclays dropped their target price on Netflix from $85.00 to $80.00 and set an “equal weight” rating on the stock in a report on Friday, July 17th. Finally, BMO Capital Markets cut Netflix from an “outperform” rating to a “market perform” rating in a research report on Monday, July 20th. Four research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, seventeen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $103.48.

About Netflix

Netflix, Inc (NASDAQ: NFLX) is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company’s primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.