Broadleaf Partners LLC Trims Holdings in Netflix, Inc. $NFLX

Key Points

• Broadleaf Partners LLC has reduced its holdings in Netflix by 28.4%, now owning approximately 2.4% of the company's stock worth about $9 million.
• Netflix reported a 15.9% increase in revenue year-over-year, achieving $11.08 billion in revenue for the quarter.
• Most recent analyst ratings indicate a consensus of Moderate Buy with an average target price of $1,297.66 for Netflix shares.

Broadleaf Partners LLC decreased its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 28.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,723 shares of the Internet television network's stock after selling 3,848 shares during the period. Netflix comprises approximately 2.4% of Broadleaf Partners LLC's holdings, making the stock its 16th largest holding. Broadleaf Partners LLC's holdings in Netflix were worth $9,067,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Halbert Hargrove Global Advisors LLC increased its stake 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 purchasing an additional 13 shares during the period. Brown Shipley& Co Ltd purchased a new stake in Netflix in the fourth quarter worth $27,000. Copia Wealth Management purchased a new stake in Netflix in the fourth quarter worth $37,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in Netflix in the first quarter worth $42,000. Finally, Stuart Chaussee & Associates Inc. increased its stake in Netflix by 4,500.0% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after purchasing an additional 45 shares during the period. Hedge funds and other institutional investors own 80.93% of the company's stock.

Netflix Price Performance

Shares of NFLX stock opened at $1,204.65 on Friday. Netflix, Inc. has a 1-year low of $660.80 and a 1-year high of $1,341.15. The stock's 50-day moving average is $1,231.41 and its 200 day moving average is $1,110.98. The company has a market cap of $511.89 billion, a P/E ratio of 51.33, a PEG ratio of 2.03 and a beta of 1.59. 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 issued its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share 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 for the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter last year, the company earned $4.88 earnings per share. The firm's revenue for the quarter 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. Research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on NFLX shares. TD Cowen raised their price target on Netflix from $1,440.00 to $1,450.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Barclays restated a "sell" rating and set a $1,100.00 price target (up previously from $1,000.00) on shares of Netflix in a research note on Wednesday, July 9th. Piper Sandler raised their price target on Netflix from $1,400.00 to $1,500.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Rosenblatt Securities raised their price target on Netflix from $1,514.00 to $1,515.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Finally, BMO Capital Markets restated an "outperform" rating and set a $1,425.00 price target (up previously from $1,200.00) on shares of Netflix in a research note on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $1,297.66.

Insiders Place Their Bets

In other Netflix news, CEO Theodore A. Sarandos sold 2,026 shares of the firm's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the completion of the sale, the chief executive officer owned 15,168 shares of the company's stock, valued at approximately $17,604,284.16. This trade represents a 11.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Spencer Adam Neumann sold 685 shares of the firm's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $1,161.21, for a total value of $795,428.85. Following the completion of the sale, the chief financial officer directly owned 3,691 shares of the company's stock, valued at approximately $4,286,026.11. This represents a 15.65% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 146,307 shares of company stock valued at $179,443,809. 1.37% of the stock is currently owned by corporate insiders.

About Netflix

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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