AMI Asset Management Corp Sells 4,541 Shares of Netflix, Inc. $NFLX

Key Points

• AMI Asset Management Corp reduced its stake in Netflix, Inc. by 5.6% during the 2nd quarter, selling 4,541 shares, while still holding 77,093 shares worth approximately $103.2 million.
• Netflix's shares are currently trading down 2.3%, with a market capitalization of $497.55 billion and a 52-week range between $677.88 and $1,341.15.
• Insiders sold a total of 59,324 shares of Netflix in the last three months, with significant sales from Director Reed Hastings and CEO Gregory K. Peters, representing substantial decreases in their ownership positions.

AMI Asset Management Corp reduced its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 5.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,093 shares of the Internet television network's stock after selling 4,541 shares during the quarter. Netflix makes up approximately 5.9% of AMI Asset Management Corp's holdings, making the stock its 2nd largest holding. AMI Asset Management Corp's holdings in Netflix were worth $103,237,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Optima Capital LLC lifted its stake in shares of Netflix by 3.5% in the 2nd quarter. Optima Capital LLC now owns 239 shares of the Internet television network's stock valued at $320,000 after purchasing an additional 8 shares during the period. Unified Investment Management increased its position in shares of Netflix by 1.7% in the 2nd quarter. Unified Investment Management now owns 474 shares of the Internet television network's stock valued at $635,000 after buying an additional 8 shares in the last quarter. Plancorp LLC increased its position in shares of Netflix by 0.6% in the 2nd quarter. Plancorp LLC now owns 1,278 shares of the Internet television network's stock valued at $1,711,000 after buying an additional 8 shares in the last quarter. Five Oceans Advisors increased its position in shares of Netflix by 1.1% in the 2nd quarter. Five Oceans Advisors now owns 751 shares of the Internet television network's stock valued at $1,006,000 after buying an additional 8 shares in the last quarter. Finally, Old Port Advisors increased its position in shares of Netflix by 1.3% in the 2nd quarter. Old Port Advisors now owns 624 shares of the Internet television network's stock valued at $836,000 after buying an additional 8 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Trading Down 2.3%

Shares of NASDAQ:NFLX opened at $1,170.90 on Thursday. Netflix, Inc. has a 52-week low of $677.88 and a 52-week high of $1,341.15. The company has a market capitalization of $497.55 billion, a P/E ratio of 49.89, a price-to-earnings-growth ratio of 2.02 and a beta of 1.59. The company has a 50-day simple moving average of $1,208.27 and a 200 day simple moving average of $1,155.95. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. During the same period last year, the business posted $4.88 EPS. Netflix's revenue was up 15.9% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Sell-side analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NFLX has been the subject of a number of recent analyst reports. Piper Sandler upped their price objective on shares of Netflix from $1,400.00 to $1,500.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Needham & Company LLC restated a "buy" rating and issued a $1,500.00 price objective on shares of Netflix in a research report on Wednesday, September 10th. Wells Fargo & Company increased their target price on Netflix from $1,500.00 to $1,560.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. UBS Group reiterated a "market underperform" rating on shares of Netflix in a report on Saturday, July 19th. Finally, Zacks Research cut Netflix from a "strong-buy" rating to a "hold" rating in a report on Monday, September 1st. One equities research 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.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,334.03.

Insiders Place Their Bets

In related news, Director Reed Hastings sold 25,959 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $1,207.71, for a total value of $31,350,943.89. Following the completion of the sale, the director directly owned 394 shares in the company, valued at approximately $475,837.74. This trade represents a 98.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 2,026 shares of the firm's stock in a transaction that occurred on 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 sale, the chief executive officer owned 12,781 shares of the company's stock, valued at $14,793,240.64. This trade represents a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 59,324 shares of company stock worth $70,235,556 in the last three months. Insiders own 1.37% of the company's stock.

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.

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