Netflix, Inc. $NFLX Position Trimmed by Barton Investment Management

Barton Investment Management cut its stake in Netflix, Inc. (NASDAQ:NFLX) by 1.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 245,588 shares of the Internet television network’s stock after selling 3,944 shares during the quarter. Netflix makes up approximately 34.1% of Barton Investment Management’s portfolio, making the stock its largest holding. Barton Investment Management owned approximately 0.06% of Netflix worth $328,874,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Optima Capital LLC lifted its stake in Netflix by 3.5% in the 2nd quarter. Optima Capital LLC now owns 239 shares of the Internet television network’s stock worth $320,000 after purchasing an additional 8 shares in the last quarter. Unified Investment Management lifted its stake in Netflix by 1.7% in the 2nd quarter. Unified Investment Management now owns 474 shares of the Internet television network’s stock worth $635,000 after purchasing an additional 8 shares in the last quarter. Plancorp LLC lifted its stake in Netflix by 0.6% in the 2nd quarter. Plancorp LLC now owns 1,278 shares of the Internet television network’s stock worth $1,711,000 after purchasing an additional 8 shares in the last quarter. Five Oceans Advisors lifted its stake in Netflix by 1.1% in the 2nd quarter. Five Oceans Advisors now owns 751 shares of the Internet television network’s stock worth $1,006,000 after purchasing an additional 8 shares in the last quarter. Finally, Old Port Advisors lifted its stake in Netflix by 1.3% in the 2nd quarter. Old Port Advisors now owns 624 shares of the Internet television network’s stock worth $836,000 after purchasing an additional 8 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Stock Performance

NASDAQ:NFLX opened at $1,162.53 on Friday. The company has a fifty day simple moving average of $1,207.90 and a two-hundred day simple moving average of $1,157.42. The company has a market cap of $493.99 billion, a price-to-earnings ratio of 49.53, a price-to-earnings-growth ratio of 1.97 and a beta of 1.59. 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.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping the consensus estimate of $7.07 by $0.12. The business had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the firm 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 anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on NFLX shares. Loop Capital upgraded shares of Netflix from a “hold” rating to a “buy” rating and raised their price target for the stock from $1,150.00 to $1,350.00 in a report on Wednesday, September 17th. Rosenblatt Securities raised their price target on shares of Netflix from $1,514.00 to $1,515.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Wells Fargo & Company raised their price target 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. Phillip Securities downgraded shares of Netflix from a “hold” rating to a “strong sell” rating in a report on Monday, July 21st. Finally, UBS Group restated a “market underperform” rating on shares of Netflix in a report on Saturday, July 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,334.03.

Insiders Place Their Bets

In other Netflix news, insider David A. Hyman sold 424 shares of the business’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total value of $491,276.08. Following the completion of the transaction, the insider owned 31,610 shares in the company, valued at $36,625,558.70. The trade was a 1.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Theodore A. Sarandos sold 2,026 shares of the business’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 transaction, the chief executive officer owned 15,168 shares of the company’s stock, valued at approximately $17,604,284.16. The trade was a 11.78% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 104,100 shares of company stock valued at $122,710,980. Corporate insiders own 1.37% of the company’s stock.

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.