Bluesphere Advisors LLC Sells 18 Shares of Netflix, Inc. $NFLX

Bluesphere Advisors LLC trimmed its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.1% during the 2nd quarter, Holdings Channel reports. The fund owned 1,557 shares of the Internet television network’s stock after selling 18 shares during the period. Netflix comprises about 1.0% of Bluesphere Advisors LLC’s portfolio, making the stock its 16th largest position. Bluesphere Advisors LLC’s holdings in Netflix were worth $2,085,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of NFLX. Nuveen LLC purchased a new stake in shares of Netflix during the first quarter valued at about $2,385,585,000. Kingstone Capital Partners Texas LLC lifted its position in shares of Netflix by 343,058.2% during the second quarter. Kingstone Capital Partners Texas LLC now owns 2,463,876 shares of the Internet television network’s stock valued at $3,299,450,000 after buying an additional 2,463,158 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Netflix by 57.3% during the first quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network’s stock valued at $3,164,134,000 after buying an additional 1,236,251 shares during the last quarter. Amundi lifted its position in shares of Netflix by 37.7% during the first quarter. Amundi now owns 2,070,221 shares of the Internet television network’s stock valued at $1,898,496,000 after buying an additional 567,251 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Netflix by 1.4% during the first quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network’s stock valued at $35,433,585,000 after buying an additional 509,255 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Netflix

In other Netflix news, Director Reed Hastings sold 25,959 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $1,207.71, for a total transaction of $31,350,943.89. Following the completion of the transaction, the director directly owned 394 shares of the company’s stock, valued at approximately $475,837.74. This trade represents a 98.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $1,162.40, for a total transaction of $3,023,402.40. Following the transaction, the chief financial officer directly owned 3,691 shares of the company’s stock, valued at $4,290,418.40. This represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 59,324 shares of company stock worth $70,235,556 in the last ninety days. 1.37% of the stock is owned by company insiders.

Netflix Stock Performance

NFLX opened at $1,206.41 on Tuesday. Netflix, Inc. has a 12-month low of $677.88 and a 12-month high of $1,341.15. 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 has a market capitalization of $512.63 billion, a PE ratio of 51.40, a P/E/G ratio of 2.04 and a beta of 1.60. The firm has a 50 day moving average of $1,208.21 and a two-hundred day moving average of $1,155.55.

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 analysts’ consensus estimates of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. During the same period last year, the firm posted $4.88 EPS. Netflix’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. On average, analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Needham & Company LLC reissued a “buy” rating and set a $1,500.00 price target on shares of Netflix in a research report on Wednesday, September 10th. Wells Fargo & Company increased their price target on shares of Netflix from $1,500.00 to $1,560.00 and gave the company an “overweight” rating in a research report on Friday, July 18th. Wedbush reaffirmed an “outperform” rating and issued a $1,500.00 price objective (up from $1,400.00) on shares of Netflix in a research report on Monday, July 14th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Netflix in a research report on Thursday, September 11th. Finally, Robert W. Baird increased their price objective on shares of Netflix from $1,300.00 to $1,500.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,328.87.

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.