Beck Bode LLC Sells 333 Shares of Netflix, Inc. $NFLX

Key Points

• Beck Bode LLC sold 333 shares of Netflix, reducing its stake by 1.8%, leaving it with 18,367 shares worth $17,127,000, making Netflix the 10th largest holding in its portfolio.
• Multiple institutional investors, including Brighton Jones LLC and Revolve Wealth Partners LLC, have recently increased their holdings in Netflix, with institutional ownership now exceeding 80% of the company's stock.
• Analysts are optimistic about Netflix's growth, with a consensus rating of "Moderate Buy" and an average price target of $1,297.66 after several firms reaffirmed their ratings and adjusted price targets upward.

Beck Bode LLC decreased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 1.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,367 shares of the Internet television network's stock after selling 333 shares during the quarter. Netflix makes up approximately 3.2% of Beck Bode LLC's portfolio, making the stock its 10th biggest position. Beck Bode LLC's holdings in Netflix were worth $17,127,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Resurgent Financial Advisors LLC lifted its stake in Netflix by 234.4% in the first quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network's stock valued at $942,000 after buying an additional 708 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in 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. Janus Henderson Group PLC lifted its stake in Netflix by 8.7% in the fourth quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network's stock valued at $1,227,468,000 after buying an additional 110,432 shares during the last quarter. PharVision Advisers LLC purchased a new stake in Netflix in the fourth quarter valued at approximately $873,000. Finally, New England Research & Management Inc. lifted its stake in Netflix by 148.5% in the first quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network's stock valued at $1,979,000 after buying an additional 1,268 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Insider Activity

In related news, CEO Theodore A. Sarandos sold 2,026 shares of the company's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the transaction, the chief executive officer owned 15,168 shares of the company's stock, valued at $17,604,284.16. This represents a 11.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of the company's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $1,162.40, for a total value of $3,023,402.40. Following the transaction, the chief financial officer directly owned 3,691 shares in the company, valued at $4,290,418.40. This represents a 41.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 123,163 shares of company stock valued at $151,917,174 over the last three months. 1.37% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Wall Street Zen cut Netflix from a "buy" rating to a "hold" rating in a research note on Saturday. Bank of America boosted their price objective on Netflix from $1,175.00 to $1,490.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Loop Capital reiterated a "hold" rating on shares of Netflix in a research note on Tuesday, July 15th. BMO Capital Markets reiterated an "outperform" rating and issued a $1,425.00 price objective (up previously from $1,200.00) on shares of Netflix in a research note on Tuesday, July 15th. Finally, KeyCorp boosted their price objective on Netflix from $1,070.00 to $1,390.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $1,297.66.

Netflix Stock Performance

Shares of Netflix stock traded down $23.20 during trading hours on Friday, hitting $1,208.25. 3,206,585 shares of the company were exchanged, compared to its average volume of 2,730,890. Netflix, Inc. has a 1 year low of $660.80 and a 1 year 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 business has a 50-day moving average of $1,231.11 and a 200-day moving average of $1,118.03. The stock has a market capitalization of $513.42 billion, a price-to-earnings ratio of 51.48, a P/E/G ratio of 2.03 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data 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. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same quarter in the prior year, the company posted $4.88 earnings per share. Netflix's quarterly 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. As a group, analysts expect 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.