Sicart Associates LLC Trims Position in Netflix, Inc. $NFLX

Sicart Associates LLC decreased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 16,935 shares of the Internet television network’s stock after selling 412 shares during the quarter. Netflix accounts for about 7.9% of Sicart Associates LLC’s holdings, making the stock its 2nd biggest holding. Sicart Associates LLC’s holdings in Netflix were worth $22,678,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Generali Investments CEE investicni spolecnost a.s. lifted its position in shares of Netflix by 2.0% during the second quarter. Generali Investments CEE investicni spolecnost a.s. now owns 5,660 shares of the Internet television network’s stock worth $7,579,000 after purchasing an additional 113 shares during the last quarter. Cooper Financial Group lifted its holdings in Netflix by 6.9% in the second quarter. Cooper Financial Group now owns 3,799 shares of the Internet television network’s stock worth $5,087,000 after acquiring an additional 245 shares during the last quarter. Donald L. Hagan LLC lifted its holdings in Netflix by 2.4% in the second quarter. Donald L. Hagan LLC now owns 545 shares of the Internet television network’s stock worth $730,000 after acquiring an additional 13 shares during the last quarter. FMB Wealth Management lifted its holdings in Netflix by 6.0% in the second quarter. FMB Wealth Management now owns 600 shares of the Internet television network’s stock worth $803,000 after acquiring an additional 34 shares during the last quarter. Finally, Union Bancaire Privee UBP SA lifted its holdings in Netflix by 74.6% in the second quarter. Union Bancaire Privee UBP SA now owns 47,123 shares of the Internet television network’s stock worth $65,187,000 after acquiring an additional 20,135 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In related news, 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 trade 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 through the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $1,162.40, for a total transaction of $3,023,402.40. Following the transaction, the chief financial officer owned 3,691 shares in the company, valued at $4,290,418.40. This represents a 41.34% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 59,324 shares of company stock valued at $70,235,556. 1.37% of the stock is currently owned by company insiders.

Netflix Stock Performance

NFLX opened at $1,198.92 on Wednesday. The business’s 50 day moving average is $1,208.39 and its 200-day moving average is $1,155.85. The stock has a market cap of $509.46 billion, a PE ratio of 51.08, a price-to-earnings-growth ratio of 2.03 and a beta of 1.60. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a twelve month low of $677.88 and a twelve month high of $1,341.15.

Netflix (NASDAQ:NFLX) last released 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 return on equity of 42.50% and a net margin of 24.58%.The company had revenue of $11.08 billion for the quarter, compared to analysts’ expectations of $11.04 billion. During the same quarter in the previous year, the company posted $4.88 earnings per share. The business’s revenue for the quarter 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. On average, analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Phillip Securities cut shares of Netflix from a “hold” rating to a “strong sell” rating in a report on Monday, July 21st. BMO Capital Markets reissued an “outperform” rating and issued a $1,425.00 target price (up previously from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. Barclays reissued a “sell” rating and issued a $1,100.00 target price (up previously from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. Wedbush reissued an “outperform” rating and issued a $1,500.00 target price (up previously from $1,400.00) on shares of Netflix in a report on Monday, July 14th. Finally, Seaport Res Ptn cut shares of Netflix from a “strong-buy” rating to a “hold” rating in a report on Sunday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Netflix currently has an average rating of “Moderate Buy” and an average target price of $1,334.03.

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.