Netflix, Inc. $NFLX Stock Holdings Decreased by Stonehage Fleming Financial Services Holdings Ltd

Stonehage Fleming Financial Services Holdings Ltd reduced its stake in Netflix, Inc. (NASDAQ:NFLX) by 1.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 208,812 shares of the Internet television network’s stock after selling 3,494 shares during the period. Netflix accounts for 8.1% of Stonehage Fleming Financial Services Holdings Ltd’s portfolio, making the stock its 3rd biggest position. Stonehage Fleming Financial Services Holdings Ltd’s holdings in Netflix were worth $279,626,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Halbert Hargrove Global Advisors LLC lifted its holdings in shares of Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock valued at $25,000 after buying an additional 13 shares during the period. Maseco LLP acquired a new stake in shares of Netflix in the 2nd quarter valued at approximately $39,000. Ransom Advisory Ltd acquired a new stake in shares of Netflix in the 2nd quarter valued at approximately $47,000. Flaharty Asset Management LLC acquired a new stake in shares of Netflix in the 1st quarter valued at approximately $37,000. Finally, Signature Resources Capital Management LLC lifted its holdings in shares of Netflix by 740.0% in the 2nd quarter. Signature Resources Capital Management LLC now owns 42 shares of the Internet television network’s stock valued at $56,000 after buying an additional 37 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on NFLX. Pivotal Research reissued a “buy” rating on shares of Netflix in a report on Thursday, July 10th. Morgan Stanley reissued an “equal weight” rating on shares of Netflix in a report on Monday, July 21st. Wedbush reaffirmed an “outperform” rating and set a $1,500.00 price objective (up from $1,400.00) on shares of Netflix in a report on Monday, July 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $1,500.00 price objective on shares of Netflix in a report on Wednesday, September 10th. Finally, Wells Fargo & Company lifted their price objective on Netflix from $1,500.00 to $1,560.00 and gave the stock an “overweight” rating in a report on Friday, July 18th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,337.63.

Netflix Stock Performance

NASDAQ NFLX opened at $1,220.08 on Friday. Netflix, Inc. has a fifty-two week low of $677.88 and a fifty-two week high of $1,341.15. The stock has a market cap of $518.44 billion, a price-to-earnings ratio of 51.98, a price-to-earnings-growth ratio of 2.05 and a beta of 1.59. The business has a fifty day moving average of $1,210.84 and a 200-day moving average of $1,168.46. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping analysts’ consensus estimates of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The company had revenue of $11.08 billion during the quarter, compared to analysts’ expectations of $11.04 billion. During the same period in the previous year, the firm posted $4.88 earnings per share. The business’s revenue for the quarter 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, analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Gregory K. Peters sold 2,026 shares of the business’s stock in a transaction 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 directly owned 12,781 shares of the company’s stock, valued at $14,793,240.64. The trade was a 13.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Reed Hastings sold 42,176 shares of the business’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the completion of the transaction, the director directly owned 394 shares of the company’s stock, valued at approximately $461,736.48. This trade represents a 99.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 104,100 shares of company stock valued at $122,710,980. Company insiders own 1.37% of the company’s stock.

Netflix Company Profile

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.