Netflix, Inc. $NFLX Shares Sold by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC lessened its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,338 shares of the Internet television network’s stock after selling 141 shares during the period. Transcend Capital Advisors LLC’s holdings in Netflix were worth $4,470,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NFLX. BG Investment Services Inc. acquired a new position in shares of Netflix in the 2nd quarter valued at $338,000. Resurgent Financial Advisors LLC boosted its holdings in shares of Netflix by 234.4% in the 1st quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network’s stock valued at $942,000 after buying an additional 708 shares in the last quarter. MRA Advisory Group boosted its holdings in shares of Netflix by 28.4% in the 2nd quarter. MRA Advisory Group now owns 919 shares of the Internet television network’s stock valued at $1,231,000 after buying an additional 203 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of Netflix by 42.1% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 441,861 shares of the Internet television network’s stock valued at $412,059,000 after buying an additional 130,946 shares in the last quarter. Finally, Sava Infond d.o.o. boosted its holdings in shares of Netflix by 25.1% in the 2nd quarter. Sava Infond d.o.o. now owns 1,495 shares of the Internet television network’s stock valued at $2,002,000 after buying an additional 300 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Rosenblatt Securities upped their target price on shares of Netflix from $1,515.00 to $1,530.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Wall Street Zen cut shares of Netflix from a “buy” rating to a “hold” rating in a report on Saturday, October 4th. Piper Sandler restated an “overweight” rating and issued a $1,400.00 target price (down previously from $1,500.00) on shares of Netflix in a report on Wednesday. Zacks Research cut shares of Netflix from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 1st. Finally, Pivotal Research reiterated a “buy” rating on shares of Netflix in a research note on Thursday, July 10th. Two research 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,352.78.

Netflix Stock Down 1.7%

Shares of NASDAQ:NFLX opened at $1,094.69 on Monday. The stock has a market cap of $463.85 billion, a P/E ratio of 45.73, a P/E/G ratio of 1.89 and a beta of 1.59. The firm has a fifty day moving average price of $1,207.21 and a 200 day moving average price of $1,189.16. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.33. Netflix, Inc. has a 1-year low of $747.77 and a 1-year high of $1,341.15.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share for the quarter, missing analysts’ consensus estimates of $6.88 by ($1.01). The business had revenue of $11.51 billion for the quarter, compared to analyst estimates of $11.52 billion. Netflix had a return on equity of 41.86% and a net margin of 24.05%.The firm’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.40 EPS. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. Sell-side analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Activity at Netflix

In other Netflix news, CFO Spencer Adam Neumann sold 2,601 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief financial officer owned 3,691 shares in the company, valued at approximately $4,290,418.40. This represents a 41.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Reed Hastings sold 42,176 shares of the company’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total transaction of $49,426,897.92. Following the transaction, the director owned 394 shares of the company’s stock, valued at approximately $461,736.48. The trade was a 99.07% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,100 shares of company stock worth $122,710,980 in the last 90 days. 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.