Netflix, Inc. $NFLX is DMC Group LLC’s 9th Largest Position

DMC Group LLC lessened its position in Netflix, Inc. (NASDAQ:NFLX) by 8.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,754 shares of the Internet television network’s stock after selling 159 shares during the quarter. Netflix makes up about 1.8% of DMC Group LLC’s holdings, making the stock its 9th biggest holding. DMC Group LLC’s holdings in Netflix were worth $2,349,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Optima Capital LLC lifted its position in shares of Netflix by 3.5% in the 2nd quarter. Optima Capital LLC now owns 239 shares of the Internet television network’s stock valued at $320,000 after acquiring an additional 8 shares in the last quarter. Unified Investment Management increased its stake in Netflix by 1.7% in the 2nd quarter. Unified Investment Management now owns 474 shares of the Internet television network’s stock valued at $635,000 after buying an additional 8 shares during the period. Plancorp LLC increased its stake in Netflix by 0.6% in the 2nd quarter. Plancorp LLC now owns 1,278 shares of the Internet television network’s stock valued at $1,711,000 after buying an additional 8 shares during the period. Five Oceans Advisors increased its stake in Netflix by 1.1% in the 2nd quarter. Five Oceans Advisors now owns 751 shares of the Internet television network’s stock valued at $1,006,000 after buying an additional 8 shares during the period. Finally, Old Port Advisors increased its stake in Netflix by 1.3% in the 2nd quarter. Old Port Advisors now owns 624 shares of the Internet television network’s stock valued at $836,000 after buying an additional 8 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analyst Ratings Changes

NFLX has been the topic of several research reports. Wedbush reiterated an “outperform” rating and issued a $1,500.00 price objective (up previously from $1,400.00) on shares of Netflix in a research note on Monday, July 14th. Canaccord Genuity Group restated a “buy” rating on shares of Netflix in a research note on Thursday, July 10th. UBS Group set a $1,425.00 target price on shares of Netflix in a research note on Tuesday. Pivotal Research reiterated a “buy” rating on shares of Netflix in a research note on Thursday, July 10th. Finally, Oppenheimer raised their target price on shares of Netflix from $1,200.00 to $1,425.00 and gave the company an “outperform” rating in a research note on Thursday, June 12th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,337.63.

Insider Activity at Netflix

In other news, Director Reed Hastings sold 42,176 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total transaction 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Theodore A. Sarandos sold 2,026 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the transaction, the chief executive officer directly owned 15,168 shares of the company’s stock, valued at $17,604,284.16. The trade was a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,100 shares of company stock worth $122,710,980 in the last ninety days. Company insiders own 1.37% of the company’s stock.

Netflix Price Performance

Shares of Netflix stock opened at $1,191.06 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. Netflix, Inc. has a fifty-two week low of $677.88 and a fifty-two week high of $1,341.15. The firm has a fifty day moving average price of $1,207.58 and a two-hundred day moving average price of $1,163.42. The company has a market cap of $506.12 billion, a PE ratio of 50.75, a price-to-earnings-growth ratio of 1.96 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $11.04 billion. During the same period in the prior year, the firm earned $4.88 EPS. The business’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. Analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

About Netflix

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.