Carret Asset Management LLC Has $1.56 Million Position in Netflix, Inc. $NFLX

Carret Asset Management LLC cut its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,165 shares of the Internet television network’s stock after selling 15 shares during the quarter. Carret Asset Management LLC’s holdings in Netflix were worth $1,560,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in NFLX. Stephens Consulting LLC increased its position in Netflix by 150.0% during the 2nd quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock worth $33,000 after buying an additional 15 shares during the period. Rossby Financial LCC bought a new position in Netflix during the 2nd quarter worth $35,000. Flaharty Asset Management LLC bought a new position in Netflix during the 1st quarter worth $37,000. Maseco LLP bought a new position in Netflix during the 2nd quarter worth $39,000. Finally, LGT Financial Advisors LLC bought a new position in Netflix during the 2nd quarter worth $40,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NFLX. Weiss Ratings reissued a “buy (b)” rating on shares of Netflix in a report on Wednesday, October 8th. Piper Sandler reaffirmed an “overweight” rating and issued a $1,400.00 price objective (down from $1,500.00) on shares of Netflix in a research note on Wednesday, October 22nd. The Goldman Sachs Group dropped their target price on Netflix from $1,310.00 to $1,300.00 and set a “neutral” rating for the company in a research report on Tuesday, September 30th. Canaccord Genuity Group restated a “buy” rating and set a $1,525.00 price objective on shares of Netflix in a research report on Wednesday, October 22nd. Finally, Loop Capital lowered their price objective on Netflix from $1,350.00 to $1,325.00 in a research report on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,341.12.

Netflix Stock Down 0.2%

Shares of NASDAQ:NFLX opened at $1,100.41 on Thursday. The stock has a market cap of $466.28 billion, a price-to-earnings ratio of 45.97, a PEG ratio of 1.91 and a beta of 1.59. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 12-month low of $747.77 and a 12-month high of $1,341.15. The business’s 50 day moving average is $1,199.70 and its 200 day moving average is $1,192.74.

Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share (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 net margin of 24.05% and a return on equity of 41.86%. The firm’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the previous 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. On average, sell-side analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Gregory K. Peters 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 $1,157.44, for a total value of $2,344,973.44. Following the transaction, the chief executive officer directly owned 12,781 shares of the company’s stock, valued at approximately $14,793,240.64. The trade was a 13.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Theodore A. Sarandos 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 $1,160.62, for a total transaction of $2,351,416.12. Following the completion of the transaction, the chief executive officer directly owned 15,168 shares in the company, valued at $17,604,284.16. This trade represents a 11.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 104,100 shares of company stock worth $122,710,980 in the last ninety days. Corporate insiders own 1.37% of the company’s stock.

Netflix Company 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.