BayBridge Capital Group LLC Reduces Position in Netflix, Inc. $NFLX

BayBridge Capital Group LLC decreased its stake in Netflix, Inc. (NASDAQ:NFLX) by 4.3% in the second quarter, Holdings Channel.com reports. The firm owned 224 shares of the Internet television network’s stock after selling 10 shares during the period. BayBridge Capital Group LLC’s holdings in Netflix were worth $300,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in NFLX. Halbert Hargrove Global Advisors LLC boosted its position in Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock worth $25,000 after purchasing an additional 13 shares in the last quarter. Flaharty Asset Management LLC purchased a new position in Netflix in the first quarter valued at about $37,000. Maseco LLP bought a new stake in Netflix during the second quarter worth approximately $39,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Netflix in the 1st quarter valued at $42,000. Finally, 1248 Management LLC bought a new stake in Netflix during the first quarter worth about $43,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Cletus R. Willems sold 238 shares of the 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 value of $274,537.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Theodore A. Sarandos sold 2,026 shares of the company’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the sale, the chief executive officer directly owned 15,168 shares of the company’s stock, valued at approximately $17,604,284.16. This trade represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 88,728 shares of company stock valued at $108,700,648 in the last 90 days. Company insiders own 1.37% of the company’s stock.

Netflix Stock Up 0.2%

Shares of NFLX opened at $1,210.61 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 52-week low of $677.88 and a 52-week high of $1,341.15. The company has a market capitalization of $514.42 billion, a PE ratio of 51.58, a price-to-earnings-growth ratio of 2.04 and a beta of 1.60. The stock has a fifty day simple moving average of $1,208.75 and a two-hundred day simple moving average of $1,151.70.

Netflix (NASDAQ:NFLX) last announced its 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 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, equities analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on NFLX shares. Wells Fargo & Company boosted their target price on shares of Netflix from $1,500.00 to $1,560.00 and gave the stock an “overweight” rating in a report on Friday, July 18th. JPMorgan Chase & Co. lifted their price target on Netflix from $1,230.00 to $1,300.00 and gave the stock a “neutral” rating in a research note on Friday, July 18th. Pivotal Research reaffirmed a “buy” rating on shares of Netflix in a research report on Thursday, July 10th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Netflix in a research report on Thursday, September 11th. Finally, KeyCorp raised their target price on Netflix from $1,070.00 to $1,390.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,328.87.

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.