Fire Capital Management LLC Trims Stock Holdings in Netflix, Inc. $NFLX

Fire Capital Management LLC lowered its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 5.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 679 shares of the Internet television network’s stock after selling 42 shares during the quarter. Fire Capital Management LLC’s holdings in Netflix were worth $909,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in NFLX. Stephens Consulting LLC grew its position in shares of Netflix by 150.0% during the second quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock worth $33,000 after purchasing an additional 15 shares in the last quarter. Rossby Financial LCC purchased a new stake in shares of Netflix during the second quarter worth about $35,000. Flaharty Asset Management LLC purchased a new stake in shares of Netflix during the first quarter worth about $37,000. Maseco LLP purchased a new stake in shares of Netflix during the second quarter worth about $39,000. Finally, LGT Financial Advisors LLC purchased a new stake in shares of Netflix during the second quarter worth about $40,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on NFLX. Wells Fargo & Company cut their target price on Netflix from $1,560.00 to $1,510.00 and set an “overweight” rating for the company in a research report on Wednesday, October 22nd. Jefferies Financial Group restated a “buy” rating and set a $1,500.00 price target on shares of Netflix in a report on Wednesday, October 22nd. Morgan Stanley set a $1,500.00 price target on Netflix in a report on Monday, October 13th. Wedbush cut their price target on Netflix from $1,500.00 to $1,400.00 and set an “outperform” rating for the company in a report on Wednesday, October 22nd. Finally, Sanford C. Bernstein restated a “buy” rating on shares of Netflix in a report on Friday, October 17th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,344.64.

Netflix Stock Performance

NASDAQ NFLX opened at $1,102.50 on Wednesday. The stock has a market capitalization of $467.16 billion, a PE ratio of 46.05, a P/E/G ratio of 1.89 and a beta of 1.59. Netflix, Inc. has a 1-year low of $747.77 and a 1-year high of $1,341.15. The business has a 50 day simple moving average of $1,201.97 and a two-hundred day simple moving average of $1,191.47. 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 (NASDAQ:NFLX) last announced its earnings results on Tuesday, October 21st. The Internet television network reported $5.87 EPS for the quarter, missing analysts’ consensus estimates of $6.88 by ($1.01). The company had revenue of $11.51 billion during 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%.Netflix’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter last year, the firm posted $5.40 EPS. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. On average, research analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Transactions at Netflix

In other news, CEO Gregory K. Peters sold 2,026 shares of Netflix stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the completion of the transaction, the chief executive officer owned 12,781 shares in the company, valued at approximately $14,793,240.64. The trade was a 13.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David A. Hyman sold 424 shares of Netflix stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,158.67, for a total value of $491,276.08. Following the completion of the transaction, the insider owned 31,610 shares of the company’s stock, valued at approximately $36,625,558.70. This trade represents a 1.32% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 104,100 shares of company stock worth $122,710,980. 1.37% of the stock is currently owned by corporate insiders.

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.