Abundance Wealth Counselors Trims Stock Holdings in Netflix, Inc. $NFLX

Abundance Wealth Counselors trimmed its holdings in Netflix, Inc. (NASDAQ:NFLX) by 0.5% in the second quarter, Holdings Channel reports. The institutional investor owned 3,174 shares of the Internet television network’s stock after selling 17 shares during the quarter. Netflix accounts for approximately 0.8% of Abundance Wealth Counselors’ investment portfolio, making the stock its 20th biggest holding. Abundance Wealth Counselors’ holdings in Netflix were worth $4,250,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of NFLX. Optima Capital LLC grew its position in shares of Netflix by 3.5% during the 2nd quarter. Optima Capital LLC now owns 239 shares of the Internet television network’s stock valued at $320,000 after purchasing an additional 8 shares in the last quarter. Unified Investment Management grew its position in shares of Netflix by 1.7% during the 2nd quarter. Unified Investment Management now owns 474 shares of the Internet television network’s stock valued at $635,000 after purchasing an additional 8 shares in the last quarter. Plancorp LLC grew its position in shares of Netflix by 0.6% during the 2nd quarter. Plancorp LLC now owns 1,278 shares of the Internet television network’s stock valued at $1,711,000 after purchasing an additional 8 shares in the last quarter. Five Oceans Advisors grew its position in shares of Netflix by 1.1% during the 2nd quarter. Five Oceans Advisors now owns 751 shares of the Internet television network’s stock valued at $1,006,000 after purchasing an additional 8 shares in the last quarter. Finally, Old Port Advisors grew its position in shares of Netflix by 1.3% during the 2nd quarter. Old Port Advisors now owns 624 shares of the Internet television network’s stock valued at $836,000 after purchasing an additional 8 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on NFLX shares. Sanford C. Bernstein boosted their price target on shares of Netflix from $1,200.00 to $1,390.00 and gave the company an “outperform” rating in a research report on Thursday, July 17th. Oppenheimer boosted their price target on shares of Netflix from $1,200.00 to $1,425.00 and gave the company an “outperform” rating in a research report on Thursday, June 12th. Jefferies Financial Group restated a “buy” rating on shares of Netflix in a research report on Thursday, September 11th. Seaport Res Ptn lowered shares of Netflix from a “strong-buy” rating to a “hold” rating in a research report on Sunday, July 6th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $1,425.00 price objective (up from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and an average target price of $1,334.03.

Insiders Place Their Bets

In other Netflix news, CEO Theodore A. Sarandos sold 2,026 shares of the business’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 directly owned 15,168 shares of the company’s stock, valued at $17,604,284.16. The trade was a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Gregory K. Peters sold 2,026 shares of the business’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the completion of the sale, the chief executive officer directly owned 12,781 shares of the company’s stock, valued at $14,793,240.64. This represents a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,100 shares of company stock valued at $122,710,980 over the last three months. 1.37% of the stock is currently owned by company insiders.

Netflix Stock Performance

Netflix stock opened at $1,162.53 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $493.99 billion, a PE ratio of 49.53, a P/E/G ratio of 1.97 and a beta of 1.59. The firm has a fifty day simple moving average of $1,207.90 and a two-hundred day simple moving average of $1,157.42. Netflix, Inc. has a twelve month low of $677.88 and a twelve month high of $1,341.15.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping the consensus estimate of $7.07 by $0.12. The business had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the previous year, the firm posted $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Research analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Netflix Company 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.