Advance Capital Management Inc. Trims Position in Netflix, Inc. $NFLX

Advance Capital Management Inc. reduced its position in Netflix, Inc. (NASDAQ:NFLX) by 37.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 494 shares of the Internet television network’s stock after selling 300 shares during the period. Advance Capital Management Inc.’s holdings in Netflix were worth $662,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of NFLX. Resurgent Financial Advisors LLC increased its stake in Netflix by 234.4% in the first quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network’s stock valued at $942,000 after purchasing an additional 708 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Netflix by 42.1% in the 1st 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 buying an additional 130,946 shares during the last quarter. PharVision Advisers LLC purchased a new stake in Netflix in the 4th quarter valued at about $873,000. New England Research & Management Inc. increased its stake in shares of Netflix by 148.5% during the 1st quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network’s stock valued at $1,979,000 after acquiring an additional 1,268 shares during the last quarter. Finally, Westbourne Investments Inc. lifted its holdings in shares of Netflix by 107.9% during the 1st quarter. Westbourne Investments Inc. now owns 2,408 shares of the Internet television network’s stock worth $2,246,000 after acquiring an additional 1,250 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Reed Hastings sold 25,959 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $1,207.71, for a total value of $31,350,943.89. Following the completion of the transaction, the director owned 394 shares of the company’s stock, valued at approximately $475,837.74. This represents a 98.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Theodore A. Sarandos sold 2,026 shares of Netflix stock in a transaction dated 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 transaction, the chief executive officer directly owned 15,168 shares in the company, valued at approximately $17,604,284.16. The trade was a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 89,348 shares of company stock valued at $109,498,489. 1.37% of the stock is owned by corporate insiders.

Netflix Trading Down 1.3%

NFLX opened at $1,188.44 on Monday. Netflix, Inc. has a 52-week low of $677.88 and a 52-week high of $1,341.15. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $505.00 billion, a P/E ratio of 50.64, a P/E/G ratio of 2.00 and a beta of 1.60. The firm’s 50 day moving average is $1,218.15 and its 200-day moving average is $1,133.62.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 24.58% and a return on equity of 42.50%. The business’s revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on NFLX shares. The Goldman Sachs Group boosted their target price on shares of Netflix from $1,000.00 to $1,140.00 and gave the company a “neutral” rating in a report on Wednesday, July 2nd. Canaccord Genuity Group reissued a “buy” rating on shares of Netflix in a research note on Thursday, July 10th. Loop Capital reaffirmed a “hold” rating on shares of Netflix in a research report on Tuesday, July 15th. TD Cowen lifted their target price on Netflix from $1,440.00 to $1,450.00 and gave the company a “buy” rating in a report on Friday, July 18th. Finally, Sanford C. Bernstein boosted their price target on Netflix from $1,200.00 to $1,390.00 and gave the company an “outperform” rating in a research report on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,317.58.

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.