Intech Investment Management LLC Sells 9,553 Shares of Netflix, Inc. $NFLX

Intech Investment Management LLC trimmed its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 6.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 134,124 shares of the Internet television network’s stock after selling 9,553 shares during the period. Netflix comprises 1.3% of Intech Investment Management LLC’s holdings, making the stock its 9th largest position. Intech Investment Management LLC’s holdings in Netflix were worth $125,075,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NFLX. Fullcircle Wealth LLC increased its position in Netflix by 2.5% during the 1st quarter. Fullcircle Wealth LLC now owns 369 shares of the Internet television network’s stock worth $344,000 after purchasing an additional 9 shares during the period. Capital Analysts LLC grew its holdings in shares of Netflix by 0.3% in the 1st quarter. Capital Analysts LLC now owns 2,620 shares of the Internet television network’s stock worth $2,443,000 after acquiring an additional 9 shares during the period. Enterprise Financial Services Corp grew its holdings in shares of Netflix by 1.8% in the 1st quarter. Enterprise Financial Services Corp now owns 505 shares of the Internet television network’s stock worth $471,000 after acquiring an additional 9 shares during the period. Continuum Wealth Advisors LLC lifted its stake in Netflix by 4.4% in the 1st quarter. Continuum Wealth Advisors LLC now owns 235 shares of the Internet television network’s stock valued at $219,000 after buying an additional 10 shares in the last quarter. Finally, Financial Enhancement Group LLC lifted its stake in Netflix by 2.5% in the 1st quarter. Financial Enhancement Group LLC now owns 412 shares of the Internet television network’s stock valued at $384,000 after buying an additional 10 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Netflix

In other news, insider Cletus R. Willems sold 238 shares of Netflix stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $1,153.52, for a total transaction of $274,537.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 2,026 shares of Netflix stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the sale, the chief executive officer directly owned 12,781 shares in the company, valued at approximately $14,793,240.64. This trade represents a 13.68% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 89,348 shares of company stock valued at $109,498,489. Company insiders own 1.37% of the company’s stock.

Netflix Stock Performance

Shares of NFLX stock opened at $1,263.25 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. Netflix, Inc. has a one year low of $660.80 and a one year high of $1,341.15. The company’s 50-day simple moving average is $1,222.86 and its 200-day simple moving average is $1,127.68. The stock has a market capitalization of $536.79 billion, a price-to-earnings ratio of 53.82, a PEG ratio of 2.10 and a beta of 1.60.

Netflix (NASDAQ:NFLX) last issued its 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 firm had revenue of $11.08 billion for the quarter, compared to analysts’ expectations of $11.04 billion. During the same quarter last year, the company posted $4.88 earnings per share. Netflix’s revenue was up 15.9% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Equities analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NFLX has been the topic of a number of recent research reports. Oppenheimer upped their target price on Netflix from $1,200.00 to $1,425.00 and gave the company an “outperform” rating in a research note on Thursday, June 12th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Netflix in a research report on Monday, July 21st. Pivotal Research reiterated a “buy” rating on shares of Netflix in a report on Thursday, July 10th. Sanford C. Bernstein increased their price target on Netflix from $1,200.00 to $1,390.00 and gave the company an “outperform” rating in a report on Thursday, July 17th. Finally, Seaport Res Ptn downgraded Netflix from a “strong-buy” rating to a “hold” rating in a research note on Sunday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,317.58.

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.