Arthur M. Cohen & Associates LLC Has $16.09 Million Position in Netflix, Inc. $NFLX

Key Points

• Arthur M. Cohen & Associates LLC decreased its holdings in Netflix, Inc. by 4.0%, now owning 12,016 shares valued at approximately $16.1 million.
• Institutional investors and hedge funds collectively own 80.93% of Netflix's shares, with significant increases in stakes from firms like GAMMA Investing LLC and Kingstone Capital Partners Texas LLC.
• Netflix reported $7.19 EPS for its last quarterly earnings, exceeding estimates and marking a 15.9% revenue increase year-over-year.

Arthur M. Cohen & Associates LLC lessened its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 4.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,016 shares of the Internet television network's stock after selling 503 shares during the quarter. Netflix makes up approximately 2.8% of Arthur M. Cohen & Associates LLC's holdings, making the stock its 11th biggest holding. Arthur M. Cohen & Associates LLC's holdings in Netflix were worth $16,091,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of NFLX. Halbert Hargrove Global Advisors LLC raised its stake in shares of Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after purchasing an additional 13 shares in the last quarter. Copia Wealth Management bought a new stake in shares of Netflix during the 4th quarter valued at about $37,000. Flaharty Asset Management LLC bought a new stake in shares of Netflix during the 1st quarter valued at about $37,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Netflix during the 1st quarter valued at about $42,000. Finally, 1248 Management LLC bought a new stake in shares of Netflix during the 1st quarter valued at about $43,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on NFLX shares. Morgan Stanley reaffirmed an "equal weight" rating on shares of Netflix in a research report on Monday, July 21st. Wall Street Zen raised shares of Netflix from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. Wedbush reaffirmed an "outperform" rating and set a $1,500.00 price objective (up previously from $1,400.00) on shares of Netflix in a research report on Monday, July 14th. 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. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $1,328.87.

Netflix Price Performance

Shares of NFLX stock traded up $0.40 during midday trading on Monday, reaching $1,227.37. 2,543,834 shares of the company were exchanged, compared to its average volume of 3,995,499. Netflix, Inc. has a 12 month low of $677.88 and a 12 month high of $1,341.15. The company has a market cap of $521.55 billion, a P/E ratio of 52.30, a PEG ratio of 2.07 and a beta of 1.60. The company's 50 day moving average price is $1,212.49 and its two-hundred day moving average price is $1,142.30. 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 released its quarterly 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 net margin of 24.58% and a return on equity of 42.50%. 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 firm earned $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. On average, sell-side analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Activity at Netflix

In other news, insider David A. Hyman sold 424 shares of Netflix stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total value of $491,276.08. Following the transaction, the insider owned 31,610 shares of the company's stock, valued at $36,625,558.70. The trade was a 1.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 transaction of $3,140,176.00. Following the completion of the transaction, the chief financial officer directly owned 3,691 shares in the company, valued at $4,457,842.16. This represents a 41.33% decrease in their position. The disclosure for this sale can be found here. Insiders sold 89,348 shares of company stock worth $109,498,489 in the last three months. 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.