Nisa Investment Advisors LLC Cuts Position in Netflix, Inc. $NFLX

Nisa Investment Advisors LLC cut its holdings in Netflix, Inc. (NASDAQ:NFLX) by 0.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 146,473 shares of the Internet television network’s stock after selling 243 shares during the period. Netflix comprises approximately 0.9% of Nisa Investment Advisors LLC’s portfolio, making the stock its 12th biggest holding. Nisa Investment Advisors LLC’s holdings in Netflix were worth $196,146,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of NFLX. 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 purchasing an additional 8 shares during the period. Unified Investment Management raised its stake in shares of Netflix by 1.7% during the 2nd quarter. Unified Investment Management now owns 474 shares of the Internet television network’s stock worth $635,000 after purchasing an additional 8 shares during the period. Plancorp LLC boosted its holdings in shares of Netflix by 0.6% in the 2nd quarter. Plancorp LLC now owns 1,278 shares of the Internet television network’s stock worth $1,711,000 after buying an additional 8 shares during the last quarter. Five Oceans Advisors grew its position in Netflix by 1.1% during the second quarter. Five Oceans Advisors now owns 751 shares of the Internet television network’s stock valued at $1,006,000 after buying an additional 8 shares during the period. Finally, Old Port Advisors increased its holdings in Netflix by 1.3% during the second quarter. Old Port Advisors now owns 624 shares of the Internet television network’s stock worth $836,000 after buying an additional 8 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Stock Down 1.7%

Netflix stock opened at $1,094.69 on Friday. The firm has a 50 day simple moving average of $1,207.21 and a 200 day simple moving average of $1,187.47. The company has a current ratio of 1.33, a quick ratio of 1.34 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 1-year low of $747.77 and a 1-year high of $1,341.15. The firm has a market capitalization of $463.85 billion, a price-to-earnings ratio of 45.73, a P/E/G ratio of 1.89 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last posted 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 return on equity of 41.86% and a net margin of 24.05%.The company’s revenue 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. On average, analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insiders Place Their Bets

In other Netflix news, CEO Gregory K. Peters sold 2,026 shares of Netflix stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the completion of the transaction, the chief executive officer owned 12,781 shares of the company’s stock, valued at $14,793,240.64. The trade was a 13.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Reed Hastings sold 42,176 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the sale, the director owned 394 shares in the company, valued at approximately $461,736.48. This represents a 99.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 104,100 shares of company stock worth $122,710,980 over the last quarter. Insiders own 1.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on NFLX shares. Pivotal Research reiterated a “buy” rating on shares of Netflix in a research note on Thursday, July 10th. Loop Capital raised shares of Netflix from a “hold” rating to a “buy” rating and lifted their price target for the stock from $1,150.00 to $1,350.00 in a report on Wednesday, September 17th. BMO Capital Markets reiterated an “outperform” rating and issued a $1,425.00 price objective (up previously from $1,200.00) on shares of Netflix in a research note on Tuesday, July 15th. Seaport Res Ptn raised Netflix from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. Finally, UBS Group set a $1,500.00 target price on Netflix in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,352.78.

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.