Netflix, Inc. $NFLX Stock: MGO One Seven LLC Cuts Holdings

MGO One Seven LLC lessened its position in shares of Netflix, Inc. (NASDAQ:NFLX – Free Report) by 33.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 113,238 shares of the Internet television network’s stock after selling 57,777 shares during the quarter. MGO One Seven LLC’s holdings in Netflix were worth $7,879,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in NFLX. American Capital Advisory LLC increased its stake in Netflix by 0.8% during the first quarter. American Capital Advisory LLC now owns 13,990 shares of the Internet television network’s stock worth $1,345,000 after acquiring an additional 109 shares during the last quarter. CWS Financial Advisors LLC raised its position in Netflix by 3.2% in the first quarter. CWS Financial Advisors LLC now owns 3,612 shares of the Internet television network’s stock valued at $347,000 after purchasing an additional 112 shares during the period. Warner Group LLC lifted its stake in shares of Netflix by 2.2% in the 1st quarter. Warner Group LLC now owns 5,230 shares of the Internet television network’s stock valued at $503,000 after purchasing an additional 114 shares during the last quarter. Financial Avengers Inc. lifted its stake in shares of Netflix by 9.8% in the 1st quarter. Financial Avengers Inc. now owns 1,290 shares of the Internet television network’s stock valued at $124,000 after purchasing an additional 115 shares during the last quarter. Finally, UNIVEST FINANCIAL Corp lifted its stake in shares of Netflix by 0.5% in the 1st quarter. UNIVEST FINANCIAL Corp now owns 27,315 shares of the Internet television network’s stock valued at $2,626,000 after purchasing an additional 128 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling

In other news, insider David A. Hyman sold 5,723 shares of the company’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $72.85, for a total transaction of $416,920.55. Following the sale, the insider owned 316,100 shares of the company’s stock, valued at approximately $23,027,885. This represents a 1.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Theodore A. Sarandos sold 27,312 shares of the stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $73.35, for a total value of $2,003,335.20. Following the completion of the sale, the chief executive officer owned 178,954 shares in the company, valued at approximately $13,126,275.90. The trade was a 13.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 91,175 shares of company stock worth $6,553,228 over the last three months. 1.24% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on NFLX shares. Sanford C. Bernstein reiterated an “outperform” rating and set a $80.00 price target (down from $95.00) on shares of Netflix in a report on Wednesday, October 21st. Daiwa Securities Group reduced their price objective on shares of Netflix from $102.00 to $76.00 and set an “outperform” rating on the stock in a report on Wednesday, July 22nd. Canaccord Genuity Group set a $110.00 target price on shares of Netflix in a research report on Wednesday, October 21st. HSBC cut shares of Netflix from a “buy” rating to a “hold” rating and decreased their target price for the company from $96.00 to $76.00 in a research report on Tuesday, September 22nd. Finally, Wells Fargo & Company lowered shares of Netflix from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $80.00 to $57.00 in a research note on Friday, September 18th. Two research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.14.

Get Our Latest Stock Report on NFLX

Netflix Stock Performance

Shares of NFLX stock opened at $62.08 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market capitalization of $254.92 billion, a P/E ratio of 17.94, a price-to-earnings-growth ratio of 0.91 and a beta of 1.62. The company has a 50 day moving average price of $72.67 and a 200 day moving average price of $81.57. Netflix, Inc. has a fifty-two week low of $61.39 and a fifty-two week high of $116.73.

Netflix (NASDAQ:NFLX – Get Free Report) last announced its earnings results on Tuesday, October 20th. The Internet television network reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.05. The firm had revenue of $12.87 billion for the quarter, compared to the consensus estimate of $12.87 billion. Netflix had a net margin of 29.69% and a return on equity of 42.69%. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.59 EPS. Equities research analysts predict that Netflix, Inc. will post 3.59 EPS for the current fiscal year.

Key Headlines Impacting Netflix

Here are the key news stories impacting Netflix this week:

  • Positive Sentiment: Netflix repurchased approximately $4.8 billion of stock in the third quarter, signaling that management views the shares as undervalued. The company’s scale, strong margins and ability to spread content costs across a large subscriber base also support the bullish case. Netflix Spent $4.8 Billion Buying Back Stock in 1 Quarter
  • Positive Sentiment: Netflix’s latest quarterly earnings exceeded expectations, with earnings per share of $0.87 versus an $0.82 consensus estimate. Revenue rose 11.9% year over year and the company reported a 29.69% net margin, highlighting continued financial strength.
  • Neutral Sentiment: Analyst comparisons with Amazon and Walt Disney acknowledge Netflix’s valuable entertainment position, but suggest Amazon’s diversified ecosystem, Prime Video reach and advertising tools—or Disney’s broader media assets—may offer greater upside. Amazon vs. Netflix: Which Stock Is the Better Entertainment Play?
  • Neutral Sentiment: Netflix is experimenting with live events and other ways to capture viewers’ attention, while reportedly walking away from an Xbox licensing deal. These strategic moves could create new growth opportunities, but their financial impact remains uncertain. The Battle That May Matter Most for Netflix Stock
  • Negative Sentiment: Revenue growth has slowed for three consecutive quarters, and investors remain concerned about disappointing guidance. Reuters reports that the stock has lost about one-third of its value this year as the market reassesses Netflix’s growth outlook. Mapping the Market: More losses in store for Netflix shares?
  • Negative Sentiment: Competition for living-room viewing and advertising is intensifying. YouTube’s television advertising business reportedly generated more in one quarter than Netflix’s full-year advertising forecast, raising concerns about Netflix’s ability to scale its newer ad-supported business. YouTube’s Living-Room Business
  • Negative Sentiment: Reports that members are watching less, along with criticism that Netflix’s content-discovery experience is weakening its historical selling point, are fueling worries about engagement, retention and future subscriber growth. Insider selling has added another negative signal. Netflix Can’t Lift, Jim Cramer Says

About Netflix

(Free Report)

Netflix, Inc (NASDAQ:NFLX) is a global entertainment company that provides subscription-based streaming services. Its platform offers a broad selection of television series, films, documentaries, stand-up specials and other programming, including content produced by Netflix and licensed from third-party studios and creators.

The company also develops and distributes original productions under the Netflix brand and has expanded into additional entertainment offerings, including mobile and cloud-based games in select markets and live programming.

Further Reading

Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLX – Free Report).

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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