Hixon Zuercher LLC Sells 49 Shares of Netflix, Inc. $NFLX

Hixon Zuercher LLC lowered its position in Netflix, Inc. (NASDAQ:NFLX) by 1.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,771 shares of the Internet television network’s stock after selling 49 shares during the period. Netflix comprises 2.1% of Hixon Zuercher LLC’s holdings, making the stock its 16th largest position. Hixon Zuercher LLC’s holdings in Netflix were worth $6,389,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Brighton Jones LLC boosted its stake in Netflix by 5.0% in the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock worth $4,804,000 after purchasing an additional 257 shares during the period. Revolve Wealth Partners LLC grew its position in shares of Netflix by 16.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock valued at $912,000 after acquiring an additional 144 shares during the period. GAMMA Investing LLC increased its stake in shares of Netflix by 17.6% during the 1st quarter. GAMMA Investing LLC now owns 9,475 shares of the Internet television network’s stock worth $8,836,000 after purchasing an additional 1,415 shares during the last quarter. Creative Financial Designs Inc. ADV raised its holdings in shares of Netflix by 6.2% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 465 shares of the Internet television network’s stock valued at $434,000 after purchasing an additional 27 shares during the period. Finally, Trust Co. of Vermont lifted its stake in Netflix by 6.0% in the 1st quarter. Trust Co. of Vermont now owns 604 shares of the Internet television network’s stock valued at $563,000 after purchasing an additional 34 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on NFLX. Wells Fargo & Company lowered their price target on Netflix from $1,560.00 to $1,510.00 and set an “overweight” rating on the stock in a research report on Wednesday. Phillip Securities cut Netflix from a “hold” rating to a “strong sell” rating in a research report on Monday, July 21st. Zacks Research lowered Netflix from a “strong-buy” rating to a “hold” rating in a report on Monday, September 1st. Wall Street Zen cut shares of Netflix from a “buy” rating to a “hold” rating in a research report on Saturday, October 4th. Finally, Guggenheim reiterated a “buy” rating and issued a $1,450.00 price objective on shares of Netflix in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,352.78.

Insider Activity at Netflix

In related news, Director Reed Hastings sold 42,176 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the transaction, the director owned 394 shares in the company, valued at approximately $461,736.48. This trade represents a 99.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gregory K. Peters sold 2,026 shares of the company’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the sale, the chief executive officer directly owned 12,781 shares of the company’s stock, valued at $14,793,240.64. This represents a 13.68% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 104,100 shares of company stock worth $122,710,980 in the last quarter. 1.37% of the stock is currently owned by corporate insiders.

Netflix Trading Down 1.7%

Shares of Netflix stock opened at $1,094.69 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.34 and a current ratio of 1.33. The firm has a 50-day moving average of $1,207.21 and a 200-day moving average of $1,187.47. Netflix, Inc. has a 52-week low of $747.77 and a 52-week high of $1,341.15. The stock has a market cap of $463.85 billion, a PE ratio of 45.73, a PEG ratio of 1.89 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last announced its 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). Netflix had a return on equity of 41.86% and a net margin of 24.05%.The business had revenue of $11.51 billion for the quarter, compared to the consensus estimate of $11.52 billion. During the same period in the prior year, the business posted $5.40 earnings per share. The firm’s revenue for the quarter was up 17.2% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. As a group, sell-side analysts forecast that Netflix, Inc. will post 24.58 EPS for the current 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.