Netflix, Inc. $NFLX Stake Cut by Baird Financial Group Inc.

Key Points

• Baird Financial Group Inc. reduced its stake in Netflix by 2.0% in the first quarter, holding 55,688 shares worth approximately $51.93 million as of the latest SEC filing.
• Several institutional investors have increased their positions in Netflix, with Vanguard Group Inc. boosting its holdings by 1.4% and GAMMA Investing LLC seeing a significant increase of 109,524.3%.
• Netflix's stock currently has an average rating of "Moderate Buy" from analysts, with a target price of $1,297.66, despite mixed analyst ratings on the stock's performance.

Baird Financial Group Inc. decreased its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 2.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,688 shares of the Internet television network's stock after selling 1,143 shares during the quarter. Baird Financial Group Inc.'s holdings in Netflix were worth $51,932,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Fullcircle Wealth LLC grew its holdings in Netflix by 2.5% in the 1st quarter. Fullcircle Wealth LLC now owns 369 shares of the Internet television network's stock valued at $344,000 after buying an additional 9 shares during the period. Capital Analysts LLC grew its holdings in Netflix by 0.3% in the 1st quarter. Capital Analysts LLC now owns 2,620 shares of the Internet television network's stock valued at $2,443,000 after buying an additional 9 shares during the period. Enterprise Financial Services Corp grew its holdings in Netflix by 1.8% in the 1st quarter. Enterprise Financial Services Corp now owns 505 shares of the Internet television network's stock valued at $471,000 after buying an additional 9 shares during the period. Continuum Wealth Advisors LLC grew its holdings in Netflix by 4.4% in the 1st quarter. Continuum Wealth Advisors LLC now owns 235 shares of the Internet television network's stock valued at $219,000 after buying an additional 10 shares during the period. Finally, Financial Enhancement Group LLC grew its holdings in Netflix by 2.5% in the 1st quarter. Financial Enhancement Group LLC now owns 412 shares of the Internet television network's stock valued at $384,000 after buying an additional 10 shares during the period. Hedge funds and other institutional investors own 80.93% of the company's stock.

Insider Buying and Selling

In other Netflix news, CFO Spencer Adam Neumann sold 2,601 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $1,307.22, for a total value of $3,400,079.22. Following the transaction, the chief financial officer directly owned 3,691 shares of the company's stock, valued at $4,824,949.02. This represents a 41.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Theodore A. Sarandos sold 2,026 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the completion of the transaction, the chief executive officer directly owned 15,168 shares in the company, valued at approximately $17,604,284.16. The trade was a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 93,629 shares of company stock worth $116,131,982 over the last 90 days. 1.37% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on NFLX shares. Canaccord Genuity Group reiterated a "buy" rating on shares of Netflix in a report on Thursday, July 10th. The Goldman Sachs Group boosted their target price on Netflix from $1,000.00 to $1,140.00 and gave the stock a "neutral" rating in a report on Wednesday, July 2nd. Needham & Company LLC reiterated a "buy" rating and set a $1,500.00 target price on shares of Netflix in a report on Friday, July 18th. Phillip Securities cut Netflix from a "hold" rating to a "strong sell" rating in a report on Monday, July 21st. Finally, Loop Capital reiterated a "hold" rating on shares of Netflix in a report on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,297.66.

Netflix Stock Up 1.0%

NASDAQ NFLX traded up $12.07 on Wednesday, reaching $1,226.18. The company had a trading volume of 2,441,635 shares, compared to its average volume of 4,060,045. The firm has a market capitalization of $521.04 billion, a PE ratio of 52.24, a P/E/G ratio of 2.03 and a beta of 1.60. Netflix, Inc. has a 1 year low of $660.80 and a 1 year high of $1,341.15. The firm has a 50-day moving average of $1,228.91 and a 200-day moving average of $1,120.25. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick 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 earnings per share for the quarter, topping analysts' consensus estimates of $7.07 by $0.12. The firm had revenue of $11.08 billion during the quarter, compared to analysts' expectations of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.Netflix's quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, equities research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal 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.