Netflix, Inc. $NFLX Shares Sold by NFSG Corp

NFSG Corp reduced its position in shares of Netflix, Inc. (NASDAQ:NFLXFree Report) by 32.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,912 shares of the Internet television network’s stock after selling 30,311 shares during the period. Netflix comprises approximately 1.0% of NFSG Corp’s portfolio, making the stock its 26th largest position. NFSG Corp’s holdings in Netflix were worth $5,953,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of NFLX. Imprint Wealth LLC purchased a new stake in Netflix during the 3rd quarter worth about $25,000. Wealth Watch Advisors INC purchased a new position in shares of Netflix in the 3rd quarter valued at about $103,000. Strategic Wealth Investment Group LLC purchased a new position in shares of Netflix in the 2nd quarter valued at about $121,000. Wiser Advisor Group LLC acquired a new stake in shares of Netflix during the 3rd quarter worth about $114,000. Finally, Beaird Harris Wealth Management LLC raised its position in shares of Netflix by 9.6% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 114 shares of the Internet television network’s stock worth $137,000 after acquiring an additional 10 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Theodore A. Sarandos sold 27,312 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $87.97, for a total value of $2,402,636.64. Following the completion of the sale, the chief executive officer owned 284,804 shares in the company, valued at $25,054,207.88. This represents a 8.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Reed Hastings sold 407,550 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $93.13, for a total transaction of $37,955,131.50. Following the sale, the director owned 3,940 shares of the company’s stock, valued at approximately $366,932.20. This represents a 99.04% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 899,839 shares of company stock worth $80,141,661. Corporate insiders own 1.24% of the company’s stock.

Analyst Upgrades and Downgrades

NFLX has been the subject of a number of research analyst reports. Daiwa Securities Group upped their price target on Netflix from $97.00 to $102.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. The Goldman Sachs Group cut shares of Netflix from a “neutral” rating to an “underweight” rating in a report on Thursday, June 18th. Sanford C. Bernstein set a $100.00 price objective on shares of Netflix and gave the stock an “outperform” rating in a research report on Wednesday, July 8th. Needham & Company LLC restated a “buy” rating on shares of Netflix in a report on Friday, April 17th. Finally, Moffett Nathanson dropped their target price on shares of Netflix from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Wednesday, June 17th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Netflix currently has an average rating of “Moderate Buy” and a consensus price target of $111.29.

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Netflix Trading Down 0.4%

NASDAQ:NFLX opened at $73.53 on Wednesday. The stock’s 50 day moving average price is $81.09 and its 200 day moving average price is $87.31. The company has a market capitalization of $309.62 billion, a PE ratio of 23.75, a P/E/G ratio of 0.94 and a beta of 1.52. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.43. Netflix, Inc. has a 52-week low of $70.86 and a 52-week high of $127.75.

Netflix (NASDAQ:NFLXGet Free Report) last issued its quarterly earnings data on Thursday, April 16th. The Internet television network reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.47. The company had revenue of $12.25 billion during the quarter, compared to analysts’ expectations of $12.17 billion. Netflix had a return on equity of 40.92% and a net margin of 28.52%.The firm’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.61 earnings per share. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. On average, research analysts anticipate that Netflix, Inc. will post 3.6 EPS for the current year.

About Netflix

(Free Report)

Netflix, Inc (NASDAQ: NFLX) is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company’s primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.

See Also

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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