Plato Investment Management Ltd Cuts Position in Netflix, Inc. $NFLX

Plato Investment Management Ltd lessened its position in Netflix, Inc. (NASDAQ:NFLX) by 3.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,004 shares of the Internet television network’s stock after selling 347 shares during the quarter. Netflix makes up 0.9% of Plato Investment Management Ltd’s investment portfolio, making the stock its 19th largest holding. Plato Investment Management Ltd’s holdings in Netflix were worth $10,373,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in NFLX. Brighton Jones LLC raised its holdings in Netflix by 5.0% in the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock valued at $4,804,000 after acquiring an additional 257 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in Netflix by 16.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock valued at $912,000 after buying an additional 144 shares during the last quarter. Lazard Asset Management LLC raised its position in Netflix by 5.0% in the 4th quarter. Lazard Asset Management LLC now owns 54,984 shares of the Internet television network’s stock valued at $49,008,000 after purchasing an additional 2,618 shares during the last quarter. Morse Asset Management Inc raised its holdings in shares of Netflix by 2.0% in the fourth quarter. Morse Asset Management Inc now owns 6,957 shares of the Internet television network’s stock valued at $6,201,000 after buying an additional 137 shares during the last quarter. Finally, Obermeyer Wealth Partners lifted its position in Netflix by 4.9% during the 4th quarter. Obermeyer Wealth Partners now owns 691 shares of the Internet television network’s stock worth $616,000 after acquiring an additional 32 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Netflix news, CEO Theodore A. Sarandos sold 2,026 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The shares were 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 owned 15,168 shares of the company’s stock, valued at approximately $17,604,284.16. This trade represents a 11.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Reed Hastings sold 25,959 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director owned 394 shares in the company, valued at $475,837.74. This represents a 98.50% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 89,348 shares of company stock valued at $109,498,489. 1.37% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently commented on the stock. The Goldman Sachs Group raised their target price on shares of Netflix from $1,000.00 to $1,140.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 2nd. Phillip Securities lowered shares of Netflix from a “hold” rating to a “strong sell” rating in a research report on Monday, July 21st. Morgan Stanley reiterated an “equal weight” rating on shares of Netflix in a report on Monday, July 21st. JPMorgan Chase & Co. raised their price target on shares of Netflix from $1,230.00 to $1,300.00 and gave the stock a “neutral” rating in a research note on Friday, July 18th. Finally, Rosenblatt Securities lifted their price objective on Netflix from $1,514.00 to $1,515.00 and gave the company a “buy” rating in a research report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $1,317.58.

Netflix Stock Performance

Shares of NASDAQ NFLX opened at $1,263.25 on Wednesday. Netflix, Inc. has a 52-week low of $660.80 and a 52-week high of $1,341.15. The stock has a market capitalization of $536.79 billion, a P/E ratio of 53.82, a P/E/G ratio of 2.10 and a beta of 1.60. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. The firm’s 50-day moving average price is $1,222.86 and its two-hundred day moving average price is $1,127.68.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping the consensus estimate of $7.07 by $0.12. The firm had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period last year, the company earned $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, sell-side analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

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.