BIP Wealth LLC Has $561,000 Stock Position in Netflix, Inc. $NFLX

BIP Wealth LLC reduced its holdings in Netflix, Inc. (NASDAQ:NFLX) by 12.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 419 shares of the Internet television network’s stock after selling 57 shares during the quarter. BIP Wealth LLC’s holdings in Netflix were worth $561,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. BG Investment Services Inc. acquired a new position in shares of Netflix during the 2nd quarter valued at $338,000. Resurgent Financial Advisors LLC increased its stake in Netflix by 234.4% in the first quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network’s stock valued at $942,000 after purchasing an additional 708 shares in the last quarter. MRA Advisory Group raised its holdings in shares of Netflix by 28.4% during the second quarter. MRA Advisory Group now owns 919 shares of the Internet television network’s stock valued at $1,231,000 after purchasing an additional 203 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted 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 purchasing an additional 130,946 shares in the last quarter. Finally, Sava Infond d.o.o. grew its stake in shares of Netflix by 25.1% in the 2nd quarter. Sava Infond d.o.o. now owns 1,495 shares of the Internet television network’s stock valued at $2,002,000 after buying an additional 300 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on NFLX. Wall Street Zen downgraded Netflix from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Pivotal Research reiterated a “buy” rating on shares of Netflix in a report on Thursday, July 10th. Benchmark reissued a “hold” rating on shares of Netflix in a research report on Wednesday. Canaccord Genuity Group restated a “buy” rating and set a $1,525.00 price objective on shares of Netflix in a report on Wednesday. Finally, The Goldman Sachs Group dropped their price objective on shares of Netflix from $1,310.00 to $1,300.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,352.78.

Insider Activity

In related news, insider David A. Hyman sold 424 shares of Netflix stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the sale, the insider directly owned 31,610 shares in the company, valued at approximately $36,625,558.70. This trade represents a 1.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 in the company, valued at approximately $461,736.48. This represents a 99.07% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 104,100 shares of company stock worth $122,710,980. Corporate insiders own 1.37% of the company’s stock.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $1,094.69 on Friday. The company has a current ratio of 1.33, a quick ratio of 1.34 and a debt-to-equity ratio of 0.56. The stock has a market cap of $463.85 billion, a PE ratio of 45.73, a price-to-earnings-growth ratio of 1.89 and a beta of 1.59. The stock’s fifty day simple moving average is $1,207.21 and its two-hundred day simple moving average is $1,187.47. Netflix, Inc. has a 1-year low of $747.77 and a 1-year high of $1,341.15.

Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, October 21st. The Internet television network reported $5.87 EPS for the quarter, missing the consensus estimate of $6.88 by ($1.01). Netflix had a net margin of 24.05% and a return on equity of 41.86%. The firm had revenue of $11.51 billion during the quarter, compared to analysts’ expectations of $11.52 billion. During the same quarter in the prior year, the company earned $5.40 EPS. The business’s revenue for the quarter was up 17.2% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. As a group, analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Netflix 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.