Netflix, Inc. $NFLX Shares Sold by Contravisory Investment Management Inc.

Key Points

• Contravisory Investment Management Inc. reduced its stake in Netflix by 4.4% in the second quarter, now holding 13,667 shares valued at approximately $18.3 million, making it their second largest holding.
• Insider Activity showed significant sales, with Director Reed Hastings selling 25,959 shares for over $31 million, resulting in a 98.5% decrease in his ownership of the stock.
• Analysts have a consensus rating of "Moderate Buy" for Netflix, with an average price target of $1,328.87, indicating continued investor interest despite recent stakeholder activity.

Contravisory Investment Management Inc. lowered its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 4.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,667 shares of the Internet television network's stock after selling 632 shares during the period. Netflix makes up approximately 3.6% of Contravisory Investment Management Inc.'s portfolio, making the stock its 2nd largest position. Contravisory Investment Management Inc.'s holdings in Netflix were worth $18,302,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC grew its position in shares of Netflix by 109,524.3% in the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock valued at $8,239,576,000 after purchasing an additional 8,827,662 shares during the last quarter. Nuveen LLC bought a new stake in Netflix in the first quarter worth approximately $2,385,585,000. Goldman Sachs Group Inc. boosted its holdings in shares of Netflix by 57.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network's stock worth $3,164,134,000 after buying an additional 1,236,251 shares during the period. Amundi raised its stake in shares of Netflix by 37.7% in the 1st quarter. Amundi now owns 2,070,221 shares of the Internet television network's stock valued at $1,898,496,000 after buying an additional 567,251 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in Netflix by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock worth $35,433,585,000 after acquiring an additional 509,255 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Stock Up 0.1%

NASDAQ NFLX traded up $0.77 during trading hours on Monday, hitting $1,227.74. The company had a trading volume of 1,146,071 shares, compared to its average volume of 3,986,982. The firm's 50 day moving average is $1,212.49 and its 200 day moving average is $1,142.30. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. The company has a market capitalization of $521.70 billion, a price-to-earnings ratio of 52.37, 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.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its 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. 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 analysts' expectations of $11.04 billion. During the same quarter in the previous year, the company earned $4.88 earnings per share. The firm's quarterly 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. Sell-side analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Activity at Netflix

In related news, CEO Gregory K. Peters sold 2,026 shares of Netflix stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the sale, the chief executive officer directly owned 12,781 shares in the company, valued at $14,793,240.64. This trade represents a 13.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Reed Hastings sold 25,959 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $1,207.71, for a total transaction of $31,350,943.89. Following the transaction, the director owned 394 shares of the company's stock, valued at $475,837.74. This represents a 98.50% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 89,348 shares of company stock worth $109,498,489 in the last ninety days. Insiders own 1.37% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on NFLX shares. Jefferies Financial Group reiterated a "buy" rating on shares of Netflix in a report on Thursday, September 11th. UBS Group restated a "market underperform" rating on shares of Netflix in a report on Saturday, July 19th. Seaport Res Ptn lowered Netflix from a "strong-buy" rating to a "hold" rating in a research report on Sunday, July 6th. Bank of America lifted their price objective on Netflix from $1,175.00 to $1,490.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Finally, Phillip Securities downgraded Netflix from a "hold" rating to a "strong sell" rating in a research report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $1,328.87.

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.