Netflix, Inc. $NFLX Shares Sold by Capital Insight Partners LLC

Capital Insight Partners LLC lowered its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 5.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,312 shares of the Internet television network’s stock after selling 199 shares during the quarter. Capital Insight Partners LLC’s holdings in Netflix were worth $4,435,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Resurgent Financial Advisors LLC grew its position in shares of Netflix by 234.4% in the 1st quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network’s stock worth $942,000 after acquiring an additional 708 shares in the last quarter. MRA Advisory Group lifted its stake in Netflix by 28.4% during the second quarter. MRA Advisory Group now owns 919 shares of the Internet television network’s stock worth $1,231,000 after purchasing an additional 203 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in Netflix by 42.1% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 441,861 shares of the Internet television network’s stock worth $412,059,000 after purchasing an additional 130,946 shares during the last quarter. McGlone Suttner Wealth Management Inc. boosted its holdings in Netflix by 1.4% in the second quarter. McGlone Suttner Wealth Management Inc. now owns 989 shares of the Internet television network’s stock worth $1,324,000 after purchasing an additional 14 shares during the period. Finally, New England Research & Management Inc. increased its stake in Netflix by 148.5% during the first quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network’s stock valued at $1,979,000 after purchasing an additional 1,268 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling

In other Netflix news, CEO Theodore A. Sarandos sold 2,026 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly owned 15,168 shares in the company, valued at $17,604,284.16. This 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, insider Cletus R. Willems sold 238 shares of Netflix stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total value of $274,537.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 88,728 shares of company stock worth $108,700,648. Company insiders own 1.37% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Seaport Res Ptn lowered shares of Netflix from a “strong-buy” rating to a “hold” rating in a report on Sunday, July 6th. Canaccord Genuity Group reissued a “buy” rating on shares of Netflix in a report on Thursday, July 10th. Pivotal Research reaffirmed a “buy” rating on shares of Netflix in a report on Thursday, July 10th. Barclays reiterated a “sell” rating and set a $1,100.00 price target (up from $1,000.00) on shares of Netflix in a research report on Wednesday, July 9th. Finally, Loop Capital upgraded Netflix from a “hold” rating to a “buy” rating and upped their price objective for the stock from $1,150.00 to $1,350.00 in a research note on Wednesday, September 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Netflix presently has an average rating of “Moderate Buy” and an average target price of $1,328.87.

Netflix Stock Up 0.2%

Shares of Netflix stock opened at $1,210.61 on Monday. 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 business’s fifty day moving average price is $1,208.75 and its two-hundred day moving average price is $1,153.53. The company has a market capitalization of $514.42 billion, a P/E ratio of 51.58, a PEG ratio of 2.04 and a beta of 1.60.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating analysts’ consensus estimates of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The company had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same period last year, the company earned $4.88 earnings per share. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, research analysts forecast 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.