Mission Creek Capital Partners Inc. Cuts Position in Netflix, Inc. $NFLX

Mission Creek Capital Partners Inc. trimmed its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.5% during the 1st quarter, Holdings Channel reports. The fund owned 3,768 shares of the Internet television network’s stock after selling 58 shares during the period. Mission Creek Capital Partners Inc.’s holdings in Netflix were worth $3,514,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Resurgent Financial Advisors LLC increased its holdings in shares of Netflix by 234.4% in 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 last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in Netflix by 42.1% in the first 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 acquiring an additional 130,946 shares in the last quarter. Janus Henderson Group PLC increased its stake in Netflix by 8.7% during the fourth quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network’s stock worth $1,227,468,000 after acquiring an additional 110,432 shares during the last quarter. PharVision Advisers LLC bought a new stake in shares of Netflix in the 4th quarter valued at approximately $873,000. Finally, New England Research & Management Inc. boosted its holdings in shares of Netflix by 148.5% in the 1st quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network’s stock worth $1,979,000 after purchasing an additional 1,268 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on NFLX. Phillip Securities lowered shares of Netflix from a “hold” rating to a “strong sell” rating in a research note on Monday, July 21st. Jefferies Financial Group reissued a “buy” rating on shares of Netflix in a research note on Tuesday, August 12th. Sanford C. Bernstein upped their target price on Netflix from $1,200.00 to $1,390.00 and gave the company an “outperform” rating in a research note on Thursday, July 17th. Piper Sandler upped their price objective on Netflix from $1,400.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Friday, July 18th. Finally, Evercore ISI reissued an “outperform” rating on shares of Netflix in a research note on Thursday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,297.66.

Netflix Trading Down 0.2%

Shares of NASDAQ:NFLX opened at $1,223.50 on Thursday. 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 company has a market capitalization of $519.90 billion, a PE ratio of 52.13, a P/E/G ratio of 2.06 and a beta of 1.59. Netflix, Inc. has a 12-month low of $660.80 and a 12-month high of $1,341.15. The business’s fifty day simple moving average is $1,231.40 and its 200-day simple moving average is $1,114.62.

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

Insider Activity

In related news, insider David A. Hyman sold 424 shares of Netflix stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total value of $491,276.08. Following the completion of the sale, the insider directly owned 31,610 shares in the company, valued at $36,625,558.70. This trade represents a 1.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Cletus R. Willems sold 238 shares of the company’s stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total transaction of $274,537.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 123,163 shares of company stock worth $151,917,174. Company insiders own 1.37% of the company’s stock.

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.