Netflix, Inc. $NFLX Shares Sold by Reliant Investment Management LLC

Reliant Investment Management LLC reduced its holdings in Netflix, Inc. (NASDAQ:NFLX) by 0.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,372 shares of the Internet television network’s stock after selling 12 shares during the quarter. Netflix comprises 3.7% of Reliant Investment Management LLC’s investment portfolio, making the stock its 6th biggest holding. Reliant Investment Management LLC’s holdings in Netflix were worth $8,533,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of NFLX. Stephens Consulting LLC lifted its holdings in shares of Netflix by 150.0% in the 2nd quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock valued at $33,000 after buying an additional 15 shares during the period. Flaharty Asset Management LLC purchased a new position in Netflix in the 1st quarter valued at approximately $37,000. Maseco LLP purchased a new position in Netflix in the 2nd quarter valued at approximately $39,000. LGT Financial Advisors LLC purchased a new position in Netflix in the 2nd quarter valued at approximately $40,000. Finally, Barnes Dennig Private Wealth Management LLC purchased a new position in Netflix during the first quarter worth $42,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NFLX has been the subject of several recent research reports. BMO Capital Markets reissued an “outperform” rating and set a $1,425.00 price target (up previously from $1,200.00) on shares of Netflix in a research report on Tuesday, July 15th. Seaport Res Ptn raised Netflix from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. Rosenblatt Securities raised their price target on Netflix from $1,515.00 to $1,530.00 and gave the stock a “buy” rating in a research report on Wednesday. Weiss Ratings reissued a “buy (b)” rating on shares of Netflix in a research report on Wednesday, October 8th. Finally, TD Cowen dropped their price target on Netflix from $1,450.00 to $1,425.00 and set a “buy” rating for the company in a research report on Tuesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,341.22.

Insider Transactions at Netflix

In related news, CEO Gregory K. Peters 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 $1,157.44, for a total value of $2,344,973.44. Following the completion of the sale, the chief executive officer directly owned 12,781 shares of the company’s stock, valued at $14,793,240.64. The trade was a 13.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Spencer Adam Neumann sold 2,600 shares of the business’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $1,172.51, for a total value of $3,048,526.00. Following the completion of the sale, the chief financial officer directly owned 3,691 shares of the company’s stock, valued at approximately $4,327,734.41. This represents a 41.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,100 shares of company stock valued at $122,710,980 over the last 90 days. Corporate insiders own 1.37% of the company’s stock.

Netflix Trading Down 10.1%

NASDAQ:NFLX opened at $1,116.37 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. Netflix, Inc. has a one year low of $744.26 and a one year high of $1,341.15. The business’s 50-day simple moving average is $1,212.43 and its 200 day simple moving average is $1,182.04. The stock has a market cap of $474.38 billion, a price-to-earnings ratio of 46.63, a price-to-earnings-growth ratio of 2.09 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Tuesday, October 21st. The Internet television network reported $5.87 EPS for the quarter, missing the consensus estimate of $6.88 by ($1.01). The business had revenue of $11.51 billion during the quarter, compared to analyst estimates of $11.52 billion. Netflix had a return on equity of 42.45% and a net margin of 24.05%.The company’s revenue was up 17.2% compared to the same quarter last year. During the same quarter last year, the firm posted $5.40 EPS. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. As a group, sell-side analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.