Advance Capital Management Inc. Reduces Position in Netflix, Inc. $NFLX

Key Points

• Advance Capital Management Inc. reduced its position in Netflix shares by 37.8%, now holding 494 shares valued at $662,000, indicating significant divestment during the 2nd quarter.
• Institutional ownership remains high, with 80.93% of Netflix stock held by institutional investors and hedge funds, reflecting strong interest in the company from larger financial entities.
• Netflix's stock is currently trading at $1,188.44, with research analysts providing an average price target of $1,317.58 and a range of ratings from "Strong Buy" to "Sell."

Advance Capital Management Inc. decreased its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 37.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 494 shares of the Internet television network's stock after selling 300 shares during the period. Advance Capital Management Inc.'s holdings in Netflix were worth $662,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Resurgent Financial Advisors LLC boosted its stake in Netflix by 234.4% during the 1st quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network's stock worth $942,000 after purchasing an additional 708 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of Netflix by 42.1% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 441,861 shares of the Internet television network's stock valued at $412,059,000 after buying an additional 130,946 shares during the last quarter. PharVision Advisers LLC acquired a new stake in shares of Netflix during the fourth quarter worth about $873,000. New England Research & Management Inc. grew its holdings in shares of Netflix by 148.5% during the first quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network's stock worth $1,979,000 after buying an additional 1,268 shares during the last quarter. Finally, Westbourne Investments Inc. grew its holdings in shares of Netflix by 107.9% during the first quarter. Westbourne Investments Inc. now owns 2,408 shares of the Internet television network's stock worth $2,246,000 after buying an additional 1,250 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Needham & Company LLC reiterated a "buy" rating and issued a $1,500.00 target price on shares of Netflix in a research note on Wednesday, September 10th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Netflix in a report on Tuesday, August 12th. UBS Group reiterated a "market underperform" rating on shares of Netflix in a research report on Saturday, July 19th. Barclays restated 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, Canaccord Genuity Group reaffirmed a "buy" rating on shares of Netflix in a report on Thursday, July 10th. One 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 given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $1,317.58.

Netflix Trading Down 1.3%

Shares of Netflix stock opened at $1,188.44 on Monday. The company has a 50-day moving average of $1,218.15 and a two-hundred day moving average of $1,133.62. Netflix, Inc. has a 12-month low of $677.88 and a 12-month high of $1,341.15. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The stock has a market cap of $505.00 billion, a PE ratio of 50.64, a price-to-earnings-growth ratio of 2.00 and a beta of 1.60.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping 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 the consensus estimate of $11.04 billion. During the same period in the previous year, the business earned $4.88 earnings per share. Netflix'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. On average, research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Transactions at Netflix

In other news, insider Cletus R. Willems sold 238 shares of the stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total value of $274,537.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Spencer Adam Neumann sold 2,600 shares of Netflix stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $1,207.76, for a total value of $3,140,176.00. Following the transaction, the chief financial officer owned 3,691 shares of the company's stock, valued at $4,457,842.16. This represents a 41.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 89,348 shares of company stock worth $109,498,489 in the last 90 days. Insiders own 1.37% of the company's stock.

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.

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