BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Trims Stake in Netflix, Inc. $NFLX

Key Points

• British Columbia Investment Management Corp reduced its stake in Netflix by 0.5%, now holding 81,750 shares valued at approximately $76 million.
• Insider selling has been significant, with CEO Gregory K. Peters and Director Reed Hastings selling a total of 28,959 shares, reflecting a large decrease in their holdings.
• Netflix reported $7.19 EPS for the last quarter, exceeding estimates, with year-over-year revenue growth of 15.9% despite recent fluctuations in analyst ratings.

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp trimmed its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 0.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,750 shares of the Internet television network's stock after selling 430 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Netflix were worth $76,234,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of NFLX. Halbert Hargrove Global Advisors LLC increased its position in Netflix by 100.0% in 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. Brown Shipley& Co Ltd purchased a new stake in Netflix in the 4th quarter worth approximately $27,000. Copia Wealth Management purchased a new stake in Netflix in the 4th quarter worth approximately $37,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in Netflix in the 1st quarter worth approximately $42,000. Finally, Stuart Chaussee & Associates Inc. increased its holdings in Netflix by 4,500.0% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after acquiring an additional 45 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Gregory K. Peters sold 2,026 shares of Netflix 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 value of $2,344,973.44. Following the completion of the transaction, the chief executive officer owned 12,781 shares in the company, valued at approximately $14,793,240.64. The trade was a 13.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Reed Hastings sold 26,933 shares of Netflix stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $1,211.66, for a total value of $32,633,638.78. Following the completion of the transaction, the director owned 394 shares of the company's stock, valued at approximately $477,394.04. This trade represents a 98.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 146,307 shares of company stock worth $179,443,809 in the last 90 days. Company insiders own 1.37% of the company's stock.

Netflix Stock Performance

Shares of NASDAQ:NFLX opened at $1,204.65 on Friday. Netflix, Inc. has a 52 week low of $660.80 and a 52 week high of $1,341.15. The stock has a market capitalization of $511.89 billion, a P/E ratio of 51.33, a PEG ratio of 2.03 and a beta of 1.59. The firm has a fifty day simple moving average of $1,231.41 and a two-hundred day simple moving average of $1,110.30. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58.

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 the consensus estimate of $7.07 by $0.12. The company had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm's revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the business posted $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Seaport Res Ptn cut shares of Netflix from a "strong-buy" rating to a "hold" rating in a research note on Sunday, July 6th. KeyCorp increased their price target on Netflix from $1,070.00 to $1,390.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. UBS Group reiterated a "market underperform" rating on shares of Netflix in a research note on Saturday, July 19th. Rosenblatt Securities increased their target price on Netflix from $1,514.00 to $1,515.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Finally, Piper Sandler increased their target price on Netflix from $1,400.00 to $1,500.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. One equities research 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,297.66.

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.

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