Netflix, Inc. $NFLX Shares Sold by Harbour Investments Inc.

Harbour Investments Inc. lessened its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,801 shares of the Internet television network’s stock after selling 225 shares during the quarter. Harbour Investments Inc.’s holdings in Netflix were worth $6,430,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. AEGON ASSET MANAGEMENT UK Plc raised its stake in shares of Netflix by 180.5% during the 2nd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 55,478 shares of the Internet television network’s stock worth $74,247,000 after buying an additional 35,698 shares during the last quarter. JGP Wealth Management LLC increased its position in Netflix by 15.2% during the 2nd quarter. JGP Wealth Management LLC now owns 925 shares of the Internet television network’s stock worth $1,239,000 after purchasing an additional 122 shares in the last quarter. Cypress Wealth Services LLC increased its position in Netflix by 7.1% during the 2nd quarter. Cypress Wealth Services LLC now owns 880 shares of the Internet television network’s stock worth $1,179,000 after purchasing an additional 58 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC increased its position in Netflix by 128.9% during the 2nd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 174 shares of the Internet television network’s stock worth $233,000 after purchasing an additional 98 shares in the last quarter. Finally, Hamilton Point Investment Advisors LLC purchased a new stake in Netflix during the 2nd quarter worth about $209,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Down 0.3%

NFLX opened at $1,215.35 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. The stock has a market capitalization of $516.43 billion, a price-to-earnings ratio of 51.78, a price-to-earnings-growth ratio of 2.05 and a beta of 1.59. The business has a 50-day moving average of $1,213.15 and a two-hundred day moving average of $1,172.10. Netflix, Inc. has a 12 month low of $677.88 and a 12 month high of $1,341.15.

Netflix (NASDAQ:NFLX) last posted 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 company had revenue of $11.08 billion during the quarter, compared to analysts’ expectations of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm’s revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Buying and Selling at Netflix

In other news, CEO Gregory K. Peters sold 2,026 shares of the business’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the completion of the sale, the chief executive officer owned 12,781 shares in the company, valued at approximately $14,793,240.64. The trade was a 13.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Spencer Adam Neumann sold 2,600 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $1,172.51, for a total value of $3,048,526.00. Following the sale, the chief financial officer owned 3,691 shares of the company’s stock, valued at $4,327,734.41. The trade was a 41.33% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 104,100 shares of company stock worth $122,710,980. Company insiders own 1.37% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on NFLX. Zacks Research cut Netflix from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. Canaccord Genuity Group reiterated a “buy” rating on shares of Netflix in a research report on Thursday, July 10th. Seaport Res Ptn upgraded Netflix from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. Barclays reiterated a “sell” rating and set a $1,100.00 price objective (up previously from $1,000.00) on shares of Netflix in a research report on Wednesday, July 9th. Finally, Rosenblatt Securities lifted their price objective on Netflix from $1,514.00 to $1,515.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,337.63.

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.