Fire Capital Management LLC Sells 42 Shares of Netflix, Inc. $NFLX

Fire Capital Management LLC reduced its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 5.8% in the second quarter, Holdings Channel.com reports. The fund owned 679 shares of the Internet television network’s stock after selling 42 shares during the quarter. Fire Capital Management LLC’s holdings in Netflix were worth $909,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Austin Private Wealth LLC lifted its stake in shares of Netflix by 15.6% during the 2nd quarter. Austin Private Wealth LLC now owns 913 shares of the Internet television network’s stock worth $1,223,000 after acquiring an additional 123 shares during the last quarter. James Investment Research Inc. lifted its stake in shares of Netflix by 2.4% during the 2nd quarter. James Investment Research Inc. now owns 1,899 shares of the Internet television network’s stock worth $2,543,000 after acquiring an additional 45 shares during the last quarter. New York Life Investment Management LLC lifted its stake in shares of Netflix by 1.2% during the 2nd quarter. New York Life Investment Management LLC now owns 57,951 shares of the Internet television network’s stock worth $77,604,000 after acquiring an additional 664 shares during the last quarter. Trust Investment Advisors bought a new stake in shares of Netflix during the 2nd quarter worth approximately $228,000. Finally, Integral Investment Advisors Inc. lifted its stake in shares of Netflix by 4.4% during the 2nd quarter. Integral Investment Advisors Inc. now owns 494 shares of the Internet television network’s stock worth $661,000 after acquiring an additional 21 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, 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 transaction, the chief executive officer directly owned 12,781 shares in the company, valued at approximately $14,793,240.64. This trade represents a 13.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Reed Hastings sold 42,176 shares of Netflix stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the completion of the transaction, the director owned 394 shares in the company, valued at $461,736.48. This represents a 99.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 104,100 shares of company stock worth $122,710,980. Insiders own 1.37% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Rosenblatt Securities raised their price target on Netflix from $1,515.00 to $1,530.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Phillip Securities lowered Netflix from a “hold” rating to a “strong sell” rating in a research note on Monday, July 21st. Wedbush decreased their price target on Netflix from $1,500.00 to $1,400.00 and set an “outperform” rating for the company in a research note on Wednesday, October 22nd. TD Cowen decreased their price target on Netflix from $1,450.00 to $1,425.00 and set a “buy” rating for the company in a research note on Tuesday, October 7th. Finally, Piper Sandler reissued an “overweight” rating and set a $1,400.00 price target (down from $1,500.00) on shares of Netflix in a research note on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,344.64.

Netflix Trading Up 0.7%

Shares of NASDAQ NFLX opened at $1,102.50 on Wednesday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.56. The business has a fifty day simple moving average of $1,201.97 and a two-hundred day simple moving average of $1,191.47. The firm has a market cap of $467.16 billion, a PE ratio of 46.05, a price-to-earnings-growth ratio of 1.89 and a beta of 1.59. Netflix, Inc. has a twelve month low of $747.77 and a twelve month high of $1,341.15.

Netflix (NASDAQ:NFLX) last issued its earnings results on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share for the quarter, missing analysts’ consensus estimates of $6.88 by ($1.01). The firm had revenue of $11.51 billion for the quarter, compared to the consensus estimate of $11.52 billion. Netflix had a net margin of 24.05% and a return on equity of 41.86%. The company’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same period last year, the firm earned $5.40 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. Analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal 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.