Netflix, Inc. $NFLX Shares Sold by QV Investors Inc.

QV Investors Inc. decreased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,100 shares of the Internet television network’s stock after selling 60 shares during the quarter. QV Investors Inc.’s holdings in Netflix were worth $4,151,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Optima Capital LLC grew 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 valued at $320,000 after acquiring an additional 8 shares during the period. Unified Investment Management grew 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 valued at $635,000 after acquiring an additional 8 shares during the period. Plancorp LLC grew 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 valued at $1,711,000 after acquiring an additional 8 shares during the period. Five Oceans Advisors grew 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 valued at $1,006,000 after acquiring an additional 8 shares during the period. Finally, Old Port Advisors grew 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 valued at $836,000 after acquiring an additional 8 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Trading Down 1.7%

Shares of NFLX stock opened at $1,094.69 on Friday. The stock’s fifty day moving average is $1,207.21 and its two-hundred day moving average is $1,187.47. 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 market capitalization of $463.85 billion, a P/E ratio of 45.73, a PEG ratio of 1.89 and a beta of 1.59. Netflix, Inc. has a fifty-two week low of $747.77 and a fifty-two week high of $1,341.15.

Netflix (NASDAQ:NFLX) last posted 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 company had revenue of $11.51 billion for the quarter, compared to analysts’ expectations of $11.52 billion. Netflix had a return on equity of 41.86% and a net margin of 24.05%.The firm’s revenue was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.40 EPS. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. Research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. TD Cowen dropped their price target on shares of Netflix from $1,450.00 to $1,425.00 and set a “buy” rating on the stock in a research note on Tuesday, October 7th. Seaport Res Ptn raised shares of Netflix from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Jefferies Financial Group reissued a “buy” rating and issued a $1,500.00 price target on shares of Netflix in a research note on Wednesday. KeyCorp lifted their price target on shares of Netflix from $1,070.00 to $1,390.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. Finally, Zacks Research cut shares of Netflix from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $1,352.78.

Insider Activity

In other news, CFO Spencer Adam Neumann sold 2,601 shares of the business’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $1,162.40, for a total transaction of $3,023,402.40. Following the transaction, the chief financial officer owned 3,691 shares of the company’s stock, valued at approximately $4,290,418.40. The trade was a 41.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Theodore A. Sarandos sold 2,026 shares of the business’s stock in a transaction dated Tuesday, August 5th. The shares were 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 directly owned 15,168 shares in the company, 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. In the last 90 days, insiders have sold 104,100 shares of company stock worth $122,710,980. 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.