Netflix, Inc. $NFLX Stock Holdings Lessened by Procyon Advisors LLC

Procyon Advisors LLC lowered its stake in Netflix, Inc. (NASDAQ:NFLX) by 76.2% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 5,194 shares of the Internet television network’s stock after selling 16,600 shares during the period. Procyon Advisors LLC’s holdings in Netflix were worth $6,955,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Halbert Hargrove Global Advisors LLC increased its holdings in shares of Netflix by 100.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock valued at $25,000 after buying an additional 13 shares in the last quarter. Brown Shipley& Co Ltd bought a new position in shares of Netflix in the fourth quarter valued at $27,000. Ransom Advisory Ltd bought a new position in shares of Netflix in the second quarter valued at $47,000. Flaharty Asset Management LLC bought a new position in shares of Netflix in the first quarter valued at $37,000. Finally, Copia Wealth Management acquired a new stake in Netflix during the 4th quarter valued at $37,000. Institutional investors own 80.93% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. TD Cowen boosted their target price on shares of Netflix from $1,440.00 to $1,450.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Citigroup reissued a “neutral” rating and set a $1,250.00 target price (up from $1,020.00) on shares of Netflix in a research note on Thursday, May 29th. Barclays reissued a “sell” rating and set a $1,100.00 target price (up from $1,000.00) on shares of Netflix in a research note on Wednesday, July 9th. Bank of America boosted their target price on shares of Netflix from $1,175.00 to $1,490.00 and gave the company a “buy” rating in a research note on Friday, May 30th. Finally, Wedbush reissued an “outperform” rating and set a $1,500.00 target price (up from $1,400.00) on shares of Netflix in a research note on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $1,317.58.

Netflix Stock Down 0.1%

NFLX stock opened at $1,200.51 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 52-week low of $677.88 and a 52-week high of $1,341.15. The company has a 50-day moving average of $1,214.91 and a two-hundred day moving average of $1,135.62. The stock has a market capitalization of $510.13 billion, a price-to-earnings ratio of 51.15, a price-to-earnings-growth ratio of 2.02 and a beta of 1.60.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) 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 company had revenue of $11.08 billion during the quarter, compared to analysts’ expectations of $11.04 billion. During the same period in the prior year, the company earned $4.88 earnings per share. The business’s quarterly revenue 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. As a group, equities research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Activity at Netflix

In other Netflix news, Director Reed Hastings sold 25,959 shares of the company’s stock in a transaction dated 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 sale, the director directly owned 394 shares in the company, valued at $475,837.74. This represents a 98.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David A. Hyman sold 424 shares of the company’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the sale, the insider owned 31,610 shares of the company’s stock, valued at $36,625,558.70. This trade represents a 1.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 89,348 shares of company stock valued at $109,498,489. 1.37% of the stock is owned by corporate insiders.

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.