Ballentine Partners LLC Has $9.11 Million Holdings in Netflix, Inc. $NFLX

Key Points

• Ballentine Partners LLC reduced its Netflix holdings by 4.9% in the 2nd quarter, bringing their total investment to $9.11 million with 6,804 shares.
• Netflix's latest earnings report revealed an EPS of $7.19, exceeding analysts' expectations, and a 15.9% increase in revenue year-over-year.
• Institutional investors currently hold approximately 80.93% of Netflix's stock, reflecting strong institutional confidence in the company's performance.

Ballentine Partners LLC decreased its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 4.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,804 shares of the Internet television network's stock after selling 348 shares during the quarter. Ballentine Partners LLC's holdings in Netflix were worth $9,112,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of NFLX. Halbert Hargrove Global Advisors LLC grew its holdings in shares of Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after buying an additional 13 shares in the last quarter. Copia Wealth Management acquired a new position in Netflix during the 4th quarter worth approximately $37,000. Flaharty Asset Management LLC bought a new position in shares of Netflix during the 1st quarter worth approximately $37,000. Maseco LLP bought a new position in shares of Netflix during the 2nd quarter worth approximately $39,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Netflix in the first quarter valued at approximately $42,000. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Performance

Shares of Netflix stock opened at $1,218.47 on Wednesday. The company's 50 day moving average price is $1,210.96 and its two-hundred day moving average price is $1,145.17. The firm has a market capitalization of $517.76 billion, a P/E ratio of 51.92, a P/E/G ratio of 2.07 and a beta of 1.60. Netflix, Inc. has a fifty-two week low of $677.88 and a fifty-two week high of $1,341.15. 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 announced its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS 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 during the quarter, compared to analysts' expectations of $11.04 billion. During the same period in the prior year, the company earned $4.88 EPS. Netflix's 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, equities analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Transactions 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 value of $31,350,943.89. Following the completion of the transaction, the director owned 394 shares in the company, valued at $475,837.74. This trade represents a 98.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $1,162.40, for a total transaction of $3,023,402.40. Following the sale, the chief financial officer owned 3,691 shares in the company, valued at approximately $4,290,418.40. This represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 88,728 shares of company stock valued at $108,700,648 over the last three months. Company insiders own 1.37% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. BMO Capital Markets restated an "outperform" rating and set a $1,425.00 target price (up previously from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. Pivotal Research reissued a "buy" rating on shares of Netflix in a research report on Thursday, July 10th. Canaccord Genuity Group restated a "buy" rating on shares of Netflix in a report on Thursday, July 10th. Morgan Stanley reaffirmed an "equal weight" rating on shares of Netflix in a research report on Monday, July 21st. Finally, Barclays reissued a "sell" rating and set a $1,100.00 price target (up from $1,000.00) on shares of Netflix in a research report on Wednesday, July 9th. One investment 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 given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $1,328.87.

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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