NBC Securities Inc. Sells 1,476 Shares of Netflix, Inc. $NFLX

NBC Securities Inc. cut its holdings in Netflix, Inc. (NASDAQ:NFLX) by 31.3% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 3,242 shares of the Internet television network’s stock after selling 1,476 shares during the period. NBC Securities Inc.’s holdings in Netflix were worth $4,341,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Halbert Hargrove Global Advisors LLC increased its holdings in shares of Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock worth $25,000 after buying an additional 13 shares during the last quarter. Brown Shipley& Co Ltd bought a new stake in shares of Netflix in the 4th quarter worth about $27,000. Copia Wealth Management bought a new stake in shares of Netflix in the 4th quarter worth about $37,000. Flaharty Asset Management LLC bought a new stake in shares of Netflix in the 1st quarter worth about $37,000. Finally, Stuart Chaussee & Associates Inc. increased its holdings in shares of Netflix by 4,500.0% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network’s stock worth $41,000 after buying an additional 45 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Netflix Price Performance

Netflix stock opened at $1,188.44 on Monday. The stock has a market cap of $505.00 billion, a price-to-earnings ratio of 50.64, a price-to-earnings-growth ratio of 2.00 and a beta of 1.60. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. Netflix, Inc. has a 1 year low of $677.88 and a 1 year high of $1,341.15. The firm has a 50-day moving average of $1,218.15 and a two-hundred day moving average of $1,133.62.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data 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 company had revenue of $11.08 billion during the quarter, compared to analysts’ expectations of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the company earned $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NFLX. Bank of America boosted their target price on shares of Netflix from $1,175.00 to $1,490.00 and gave the stock a “buy” rating in a report on Friday, May 30th. Seaport Res Ptn downgraded shares of Netflix from a “strong-buy” rating to a “hold” rating in a report on Sunday, July 6th. KeyCorp upped their price target 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. Wall Street Zen upgraded shares of Netflix from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Citigroup reiterated a “neutral” rating and set a $1,250.00 price target (up from $1,020.00) on shares of Netflix in a report on Thursday, May 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,317.58.

Insider Transactions at Netflix

In related news, insider David A. Hyman sold 424 shares of the business’s stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the completion of the transaction, the insider owned 31,610 shares in the company, valued at $36,625,558.70. The trade was a 1.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Cletus R. Willems sold 238 shares of the business’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $1,153.52, for a total transaction of $274,537.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 89,348 shares of company stock worth $109,498,489. Insiders own 1.37% of the company’s stock.

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.