Netflix, Inc. $NFLX is EFG Asset Management North America Corp.’s 9th Largest Position

EFG Asset Management North America Corp. decreased its holdings in Netflix, Inc. (NASDAQ:NFLX) by 5.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,578 shares of the Internet television network’s stock after selling 480 shares during the period. Netflix accounts for about 1.3% of EFG Asset Management North America Corp.’s portfolio, making the stock its 9th biggest holding. EFG Asset Management North America Corp.’s holdings in Netflix were worth $7,998,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NFLX. Fullcircle Wealth LLC boosted its stake in Netflix by 2.5% in the 1st quarter. Fullcircle Wealth LLC now owns 369 shares of the Internet television network’s stock worth $344,000 after purchasing an additional 9 shares during the period. Capital Analysts LLC lifted its holdings in shares of Netflix by 0.3% in the first quarter. Capital Analysts LLC now owns 2,620 shares of the Internet television network’s stock worth $2,443,000 after buying an additional 9 shares in the last quarter. Enterprise Financial Services Corp boosted its position in shares of Netflix by 1.8% during the first quarter. Enterprise Financial Services Corp now owns 505 shares of the Internet television network’s stock worth $471,000 after acquiring an additional 9 shares during the last quarter. Continuum Wealth Advisors LLC grew its stake in Netflix by 4.4% during the first quarter. Continuum Wealth Advisors LLC now owns 235 shares of the Internet television network’s stock valued at $219,000 after acquiring an additional 10 shares in the last quarter. Finally, Financial Enhancement Group LLC grew its stake in Netflix by 2.5% during the first quarter. Financial Enhancement Group LLC now owns 412 shares of the Internet television network’s stock valued at $384,000 after acquiring an additional 10 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Insiders Place Their Bets

In other Netflix news, CEO Theodore A. Sarandos sold 2,026 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the sale, the chief executive officer owned 15,168 shares in the company, valued at $17,604,284.16. This trade represents 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 this hyperlink. Also, CEO Gregory K. Peters sold 2,026 shares of Netflix stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the sale, the chief executive officer owned 12,781 shares of the company’s stock, valued at approximately $14,793,240.64. This trade represents a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 89,348 shares of company stock worth $109,498,489. Insiders own 1.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on NFLX. KeyCorp increased their price objective on shares of Netflix from $1,070.00 to $1,390.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. Citigroup reiterated a “neutral” rating and issued a $1,250.00 target price (up from $1,020.00) on shares of Netflix in a research report on Thursday, May 29th. JPMorgan Chase & Co. increased their price target on Netflix from $1,230.00 to $1,300.00 and gave the company a “neutral” rating in a research note on Friday, July 18th. Oppenheimer lifted their price objective on Netflix from $1,200.00 to $1,425.00 and gave the stock an “outperform” rating in a research note on Thursday, June 12th. Finally, Wedbush reiterated an “outperform” rating and set a $1,500.00 target price (up from $1,400.00) on shares of Netflix in a research report on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,297.66.

Netflix Stock Performance

Shares of NASDAQ:NFLX opened at $1,226.18 on Thursday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 12 month low of $660.80 and a 12 month high of $1,341.15. The company has a market capitalization of $521.04 billion, a price-to-earnings ratio of 52.24, a PEG ratio of 2.03 and a beta of 1.60. The firm’s 50-day moving average is $1,227.93 and its 200 day moving average is $1,120.98.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.07 by $0.12. The business had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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 predict that Netflix, Inc. will post 24.58 EPS for the current 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.