Netflix, Inc. $NFLX is Audent Global Asset Management LLC’s 6th Largest Position

Audent Global Asset Management LLC lessened its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 19.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 46,667 shares of the Internet television network’s stock after selling 10,998 shares during the quarter. Netflix comprises about 4.7% of Audent Global Asset Management LLC’s investment portfolio, making the stock its 6th biggest holding. Audent Global Asset Management LLC’s holdings in Netflix were worth $4,487,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Imprint Wealth LLC bought a new position in Netflix in the 3rd quarter worth $25,000. Wealth Watch Advisors INC bought a new position in shares of Netflix during the 3rd quarter valued at approximately $103,000. Strategic Wealth Investment Group LLC bought a new position in shares of Netflix in the 2nd quarter valued at about $121,000. Wiser Advisor Group LLC bought a new position in Netflix during the 3rd quarter valued at about $114,000. Finally, Beaird Harris Wealth Management LLC raised its holdings in shares of Netflix by 9.6% in the third quarter. Beaird Harris Wealth Management LLC now owns 114 shares of the Internet television network’s stock worth $137,000 after buying an additional 10 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Moffett Nathanson cut their price target on Netflix from $120.00 to $115.00 and set a “buy” rating on the stock in a report on Wednesday, June 17th. Piper Sandler reaffirmed an “overweight” rating and issued a $85.00 price target (down from $115.00) on shares of Netflix in a research note on Friday. Bank of America reissued a “buy” rating and issued a $125.00 price objective on shares of Netflix in a report on Monday, May 18th. Raymond James Financial reaffirmed a “market perform” rating on shares of Netflix in a research report on Thursday, May 14th. Finally, Jefferies Financial Group reduced their price target on shares of Netflix from $128.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, June 10th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating and sixteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $103.97.

Insider Buying and Selling at Netflix

In other news, Director Bradford L. Smith sold 35,990 shares of Netflix stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $77.52, for a total transaction of $2,789,944.80. Following the completion of the sale, the director directly owned 79,690 shares in the company, valued at $6,177,568.80. The trade was a 31.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Spencer Adam Neumann sold 9,253 shares of the firm’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $88.95, for a total value of $823,054.35. Following the sale, the chief financial officer owned 73,787 shares in the company, valued at $6,563,353.65. This trade represents a 11.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 899,839 shares of company stock worth $80,141,661. Insiders own 1.24% of the company’s stock.

Netflix Stock Performance

NASDAQ NFLX opened at $68.95 on Friday. Netflix, Inc. has a 12-month low of $65.08 and a 12-month high of $126.71. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.43. The business’s 50 day moving average is $80.15 and its two-hundred day moving average is $86.90. The stock has a market capitalization of $290.33 billion, a price-to-earnings ratio of 21.70, a PEG ratio of 0.95 and a beta of 1.52.

Netflix (NASDAQ:NFLX) last posted its quarterly 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. Netflix had a net margin of 28.22% and a return on equity of 40.83%. The business 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 company posted $0.72 EPS. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. Research analysts expect that Netflix, Inc. will post 3.6 EPS for the current year.

Netflix News Summary

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Some analysts remain bullish, arguing Netflix still has strong long-term upside from margin expansion, advertising growth, and new engagement-driven content formats. Mark Mahaney Reiterates Buy on Netflix
• Positive Sentiment: Supportive commentary highlighted Netflix’s AI, ads, short-form video, and gaming strategy as potential growth catalysts for monetization and engagement. Ad Engagement & Content Opportunities Offer Bullish Edge for NFLX
• Neutral Sentiment: Several analysts cut price targets but mostly kept buy/overweight or hold ratings, signaling lower near-term expectations rather than a full thesis break. Laura Martin Maintains Buy on Netflix
• Negative Sentiment: Netflix’s weaker Q3 outlook and reduced engagement disclosure sparked concern that growth is slowing and management is becoming less transparent with investors. Netflix third-quarter earnings forecast falls shy of Wall Street expectations
• Negative Sentiment: Coverage across the market emphasized the post-earnings selloff, citing a revenue miss, soft guidance, and investor worries about future growth and competition. U.S. Chip Stocks Extend Slide; Netflix Tumbles on Growth Warning

Netflix Company Profile

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.