Catalina Capital Group LLC Decreases Stake in Netflix, Inc. $NFLX

Key Points

• Catalina Capital Group LLC reduced its stake in Netflix by 20.5%, owning 995 shares after selling 256 during the second quarter, which accounts for about 0.9% of their investment portfolio.
• Netflix's most recent quarterly earnings reported an EPS of $7.19, surpassing estimates, with revenue reaching $11.08 billion, marking a 15.9% year-over-year increase.
• An array of institutional investors have modified their positions in Netflix, with hedge funds collectively holding 80.93% of the company's stock.

Catalina Capital Group LLC lowered its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 20.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 995 shares of the Internet television network's stock after selling 256 shares during the quarter. Netflix accounts for about 0.9% of Catalina Capital Group LLC's investment portfolio, making the stock its 22nd biggest holding. Catalina Capital Group LLC's holdings in Netflix were worth $1,332,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of NFLX. Halbert Hargrove Global Advisors LLC raised its stake in shares of 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 last quarter. Flaharty Asset Management LLC purchased a new position in shares of Netflix in the first quarter worth $37,000. Maseco LLP bought a new stake in shares of Netflix in the second quarter worth $39,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Netflix in the first quarter worth $42,000. Finally, 1248 Management LLC bought a new stake in shares of Netflix in the first quarter worth $43,000. Hedge funds and other institutional investors own 80.93% of the company's stock.

Netflix Price Performance

Shares of Netflix stock opened at $1,162.53 on Friday. The stock's 50-day simple moving average is $1,207.90 and its 200-day simple moving average is $1,157.42. Netflix, Inc. has a 52 week low of $677.88 and a 52 week high of $1,341.15. The company has a market capitalization of $493.99 billion, a price-to-earnings ratio of 49.53, a PEG ratio of 1.97 and a beta of 1.59. 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 announced its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating the consensus estimate of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The business had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same period in the previous year, the business earned $4.88 earnings per share. The business's 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 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NFLX has been the subject of several research analyst reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $1,500.00 price objective on shares of Netflix in a report on Wednesday, September 10th. Sanford C. Bernstein lifted their price objective on Netflix from $1,200.00 to $1,390.00 and gave the stock an "outperform" rating in a report on Thursday, July 17th. TD Cowen lifted their price objective on Netflix from $1,440.00 to $1,450.00 and gave the stock a "buy" rating in a report on Friday, July 18th. The Goldman Sachs Group cut their price objective on Netflix from $1,310.00 to $1,300.00 and set a "neutral" rating for the company in a report on Tuesday. Finally, Pivotal Research reaffirmed a "buy" rating on shares of Netflix in a report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $1,334.03.

Insiders Place Their Bets

In other news, CEO Theodore A. Sarandos sold 2,026 shares of the business'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 transaction, the chief executive officer directly owned 15,168 shares in the company, valued at $17,604,284.16. The trade was a 11.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gregory K. Peters sold 2,026 shares of the business's stock in a transaction dated 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 sale, the chief executive officer owned 12,781 shares in the company, valued at $14,793,240.64. This represents a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 104,100 shares of company stock valued at $122,710,980. Insiders own 1.37% of the company's stock.

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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