Clarius Group LLC Sells 124 Shares of Netflix, Inc. $NFLX

Clarius Group LLC decreased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,024 shares of the Internet television network’s stock after selling 124 shares during the quarter. Clarius Group LLC’s holdings in Netflix were worth $6,728,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Resurgent Financial Advisors LLC grew its position in shares of Netflix by 234.4% during the 1st quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network’s stock worth $942,000 after buying an additional 708 shares during the period. MRA Advisory Group grew its position in shares of Netflix by 28.4% during the 2nd quarter. MRA Advisory Group now owns 919 shares of the Internet television network’s stock worth $1,231,000 after buying an additional 203 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of Netflix by 42.1% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 441,861 shares of the Internet television network’s stock worth $412,059,000 after buying an additional 130,946 shares during the period. Sava Infond d.o.o. grew its position in shares of Netflix by 25.1% during the 2nd quarter. Sava Infond d.o.o. now owns 1,495 shares of the Internet television network’s stock worth $2,002,000 after buying an additional 300 shares during the period. Finally, McGlone Suttner Wealth Management Inc. grew its holdings in Netflix by 1.4% during the second quarter. McGlone Suttner Wealth Management Inc. now owns 989 shares of the Internet television network’s stock valued at $1,324,000 after purchasing an additional 14 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Activity

In other Netflix news, CEO Theodore A. Sarandos sold 2,026 shares of the company’s stock in a transaction on Tuesday, August 5th. The shares were 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 directly owned 15,168 shares of the company’s stock, valued at approximately $17,604,284.16. This represents a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,600 shares of the company’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $1,172.51, for a total transaction of $3,048,526.00. Following the sale, the chief financial officer directly owned 3,691 shares in the company, valued at $4,327,734.41. This trade represents a 41.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 104,100 shares of company stock valued at $122,710,980. 1.37% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. BMO Capital Markets restated an “outperform” rating and set a $1,425.00 price objective (up previously from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. Morgan Stanley restated an “equal weight” rating on shares of Netflix in a report on Monday, July 21st. TD Cowen boosted their price objective on shares of Netflix from $1,440.00 to $1,450.00 and gave the company a “buy” rating in a report on Friday, July 18th. Wells Fargo & Company boosted their price objective on shares of Netflix from $1,500.00 to $1,560.00 and gave the company an “overweight” rating in a report on Friday, July 18th. Finally, Canaccord Genuity Group restated a “buy” rating on shares of Netflix in a report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,335.00.

Netflix Stock Performance

NASDAQ NFLX opened at $1,153.32 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The firm’s fifty day moving average price is $1,207.36 and its two-hundred day moving average price is $1,160.35. Netflix, Inc. has a 1 year low of $677.88 and a 1 year high of $1,341.15. The firm has a market capitalization of $490.08 billion, a P/E ratio of 49.14, a price-to-earnings-growth ratio of 1.94 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same period in the prior year, the firm posted $4.88 earnings per share. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

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.