Netflix, Inc. $NFLX Stock Sold by Kercheville Advisors LLC

Kercheville Advisors LLC lessened its position in Netflix, Inc. (NASDAQ:NFLX) by 29.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 41,006 shares of the Internet television network’s stock after selling 16,780 shares during the quarter. Kercheville Advisors LLC’s holdings in Netflix were worth $2,853,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Netflix during the 2nd quarter valued at about $24,902,221,000. State Street Corp increased its holdings in shares of Netflix by 4.9% in the second quarter. State Street Corp now owns 180,129,582 shares of the Internet television network’s stock worth $12,861,252,000 after acquiring an additional 8,474,820 shares in the last quarter. Bank of America Corp DE raised its stake in Netflix by 4.3% in the first quarter. Bank of America Corp DE now owns 57,942,812 shares of the Internet television network’s stock valued at $5,571,201,000 after buying an additional 2,376,349 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Netflix during the 2nd quarter worth about $1,906,482,000. Finally, Legal & General Group Plc acquired a new stake in shares of Netflix during the 2nd quarter valued at $1,886,526,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Trading Down 1.0%

Shares of NFLX stock traded down $0.68 on Monday, hitting $69.85. 33,870,034 shares of the stock traded hands, compared to its average volume of 42,228,020. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.14 and a current ratio of 1.14. Netflix, Inc. has a twelve month low of $65.08 and a twelve month high of $124.86. The firm’s 50-day moving average price is $75.04 and its two-hundred day moving average price is $80.38. The stock has a market capitalization of $290.85 billion, a PE ratio of 21.99, a PEG ratio of 1.00 and a beta of 1.62.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft raised Netflix from a “hold” rating to a “buy” rating and lowered their price target for the company from $100.00 to $95.00 in a research report on Tuesday, September 29th. Barclays set a $70.00 price target on shares of Netflix and gave the stock an “equal weight” rating in a research note on Wednesday, October 7th. Guggenheim reiterated a “buy” rating and set a $80.00 target price (up from $75.00) on shares of Netflix in a research report on Thursday, October 1st. Itau BBA Securities decreased their price objective on shares of Netflix from $151.40 to $96.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 5th. Finally, UBS Group dropped their price target on Netflix from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, July 17th. Three analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $93.38.

Key Stories Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Analysts expect third-quarter revenue of approximately $12.87 billion to $12.88 billion and earnings of about $0.82 per share. A meaningful beat, stronger guidance or evidence of renewed engagement could help reverse the recent weakness. Netflix Stock Has Fallen After 5 Straight Reports: Will Q3 Break the Streak?
• Positive Sentiment: Netflix’s advertising business remains a potential growth catalyst. The company is targeting $3 billion in 2026 advertising revenue, while upfront commitments have nearly doubled; improved ad monetization could offset slower viewing-hour growth. Can Ad-Supported Streaming Momentum Boost Netflix’s Q3 Results?
• Positive Sentiment: Jefferies initiated coverage with a Buy rating and an $85 price target, citing advertising, pricing and live sports as possible drivers of future upside. Jefferies Makes a Bold $85 Call on Netflix Stock

Insider Activity at Netflix

In other Netflix news, CFO Spencer Neumann sold 9,248 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $75.79, for a total transaction of $700,905.92. Following the completion of the transaction, the chief financial officer directly owned 73,787 shares of the company’s stock, valued at $5,592,316.73. This trade represents a 11.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gregory K. Peters sold 27,312 shares of the business’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $73.54, for a total value of $2,008,524.48. Following the completion of the sale, the chief executive officer directly owned 120,931 shares in the company, valued at $8,893,265.74. This represents a 18.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 179,045 shares of company stock worth $13,132,194 in the last three months. 1.24% of the stock is currently owned by corporate insiders.

Netflix Company Profile

Netflix, Inc (NASDAQ:NFLX) is a global entertainment company that provides subscription-based streaming services. Its platform offers a broad selection of television series, films, documentaries, stand-up specials and other programming, including content produced by Netflix and licensed from third-party studios and creators.

The company also develops and distributes original productions under the Netflix brand and has expanded into additional entertainment offerings, including mobile and cloud-based games in select markets and live programming.