Beacon Capital Management LLC Lowers Position in Netflix, Inc. $NFLX

Beacon Capital Management LLC lessened its position in Netflix, Inc. (NASDAQ:NFLX) by 8.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 709 shares of the Internet television network’s stock after selling 69 shares during the quarter. Beacon Capital Management LLC’s holdings in Netflix were worth $949,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Patton Albertson Miller Group LLC bought a new position in Netflix during the 2nd quarter valued at approximately $237,000. Clay Northam Wealth Management LLC increased its position in Netflix by 4.7% during the 2nd quarter. Clay Northam Wealth Management LLC now owns 332 shares of the Internet television network’s stock valued at $445,000 after buying an additional 15 shares in the last quarter. Worth Financial Advisory Group LLC increased its position in Netflix by 13.2% during the 2nd quarter. Worth Financial Advisory Group LLC now owns 678 shares of the Internet television network’s stock valued at $908,000 after buying an additional 79 shares in the last quarter. Avior Wealth Management LLC increased its position in Netflix by 47.3% during the 2nd quarter. Avior Wealth Management LLC now owns 4,312 shares of the Internet television network’s stock valued at $5,774,000 after buying an additional 1,384 shares in the last quarter. Finally, Lakewood Asset Management LLC bought a new position in Netflix during the 2nd quarter valued at approximately $268,000. Institutional investors own 80.93% of the company’s stock.

Netflix Price Performance

NASDAQ NFLX opened at $1,210.61 on Friday. 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 company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. The business’s fifty day moving average is $1,208.75 and its 200 day moving average is $1,151.70. Netflix, Inc. has a fifty-two week low of $677.88 and a fifty-two week high of $1,341.15.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating the consensus estimate of $7.07 by $0.12. The company had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.Netflix’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the business earned $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Sell-side analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Theodore A. Sarandos sold 2,026 shares of the business’s 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 $17,604,284.16. The trade was a 11.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gregory K. Peters sold 2,026 shares of Netflix stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 12,781 shares in the company, valued at $14,793,240.64. This trade represents a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 88,728 shares of company stock valued at $108,700,648 over the last three months. Insiders own 1.37% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on NFLX shares. Wells Fargo & Company lifted their target price on Netflix from $1,500.00 to $1,560.00 and gave the stock an “overweight” rating in a report on Friday, July 18th. Pivotal Research reissued a “buy” rating on shares of Netflix in a report on Thursday, July 10th. Phillip Securities lowered Netflix from a “hold” rating to a “strong sell” rating in a report on Monday, July 21st. The Goldman Sachs Group lifted their target price on Netflix from $1,000.00 to $1,140.00 and gave the stock a “neutral” rating in a report on Wednesday, July 2nd. Finally, Rosenblatt Securities raised their price target on Netflix from $1,514.00 to $1,515.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,328.87.

About Netflix

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.