Netflix, Inc. $NFLX Stock Position Reduced by Greenwood Capital Associates LLC

Greenwood Capital Associates LLC cut its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 6.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,905 shares of the Internet television network’s stock after selling 316 shares during the period. Greenwood Capital Associates LLC’s holdings in Netflix were worth $6,568,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Optima Capital LLC grew its position in Netflix by 3.5% in the second quarter. Optima Capital LLC now owns 239 shares of the Internet television network’s stock worth $320,000 after acquiring an additional 8 shares in the last quarter. Unified Investment Management grew its position in Netflix by 1.7% in the second quarter. Unified Investment Management now owns 474 shares of the Internet television network’s stock worth $635,000 after acquiring an additional 8 shares in the last quarter. Plancorp LLC grew its position in Netflix by 0.6% in the second quarter. Plancorp LLC now owns 1,278 shares of the Internet television network’s stock worth $1,711,000 after acquiring an additional 8 shares in the last quarter. Five Oceans Advisors grew its position in Netflix by 1.1% in the second quarter. Five Oceans Advisors now owns 751 shares of the Internet television network’s stock worth $1,006,000 after acquiring an additional 8 shares in the last quarter. Finally, Old Port Advisors grew its position in Netflix by 1.3% in the second quarter. Old Port Advisors now owns 624 shares of the Internet television network’s stock worth $836,000 after acquiring an additional 8 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on NFLX. Seaport Res Ptn downgraded shares of Netflix from a “strong-buy” rating to a “hold” rating in a research report on Sunday, July 6th. Wells Fargo & Company upped their price objective on shares of Netflix from $1,500.00 to $1,560.00 and gave the stock an “overweight” rating in a report on Friday, July 18th. Sanford C. Bernstein upped their price objective on shares of Netflix from $1,200.00 to $1,390.00 and gave the stock an “outperform” rating in a report on Thursday, July 17th. UBS Group reaffirmed a “market underperform” rating on shares of Netflix in a report on Saturday, July 19th. Finally, Barclays reaffirmed a “sell” rating and set a $1,100.00 price objective (up from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Netflix has an average rating of “Moderate Buy” and an average target price of $1,334.03.

Netflix Trading Down 0.7%

Shares of NFLX stock opened at $1,162.53 on Friday. Netflix, Inc. has a 52-week low of $677.88 and a 52-week high of $1,341.15. The stock has a market cap of $493.99 billion, a price-to-earnings ratio of 49.53, a P/E/G ratio of 1.97 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. The firm has a fifty day moving average of $1,207.90 and a 200-day moving average of $1,157.42.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company had revenue of $11.08 billion during the quarter, compared to analysts’ expectations of $11.04 billion. During the same quarter in the prior year, the company posted $4.88 EPS. The business’s revenue was up 15.9% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, equities research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In related news, CFO Spencer Adam Neumann sold 2,600 shares of the stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $1,172.51, for a total transaction of $3,048,526.00. Following the completion of the sale, the chief financial officer owned 3,691 shares in the company, valued at $4,327,734.41. This trade represents a 41.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Theodore A. Sarandos sold 2,026 shares of the 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 sale, the chief executive officer owned 15,168 shares of the company’s stock, valued at $17,604,284.16. This trade represents a 11.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,100 shares of company stock worth $122,710,980 over the last ninety days. Company insiders own 1.37% of the company’s stock.

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.