Douglass Winthrop Advisors LLC Sells 50,062 Shares of Netflix, Inc. $NFLX

Key Points

• Douglass Winthrop Advisors LLC reduced its stake in Netflix by 20.7%, selling 50,062 shares, which now represents about 3.4% of their total portfolio.
• CEO Gregory K. Peters and co-CEO Theodore A. Sarandos each sold 2,026 shares of Netflix, reflecting a significant decrease in their personal stakes.
• Analysts have raised their price targets for Netflix, with Wedbush setting a new target of $1,500.00, indicating strong confidence in the company's prospects.

Douglass Winthrop Advisors LLC cut its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 20.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 192,280 shares of the Internet television network's stock after selling 50,062 shares during the quarter. Netflix accounts for 3.4% of Douglass Winthrop Advisors LLC's holdings, making the stock its 7th largest position. Douglass Winthrop Advisors LLC's holdings in Netflix were worth $179,307,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Resurgent Financial Advisors LLC increased 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 acquiring an additional 708 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased 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 acquiring an additional 130,946 shares during the last quarter. Janus Henderson Group PLC increased 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 acquiring an additional 110,432 shares during the last quarter. PharVision Advisers LLC bought a new position in Netflix in the fourth quarter valued at approximately $873,000. Finally, New England Research & Management Inc. increased 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 acquiring an additional 1,268 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Theodore A. Sarandos sold 2,026 shares of the company's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the sale, the chief executive officer owned 15,168 shares of the company's stock, valued at approximately $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 can be accessed through this hyperlink. Also, CEO Gregory K. Peters sold 2,026 shares of the company's stock in a transaction 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 146,307 shares of company stock valued at $179,443,809. 1.37% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on NFLX. Barclays reissued a "sell" rating and issued a $1,100.00 price objective (up from $1,000.00) on shares of Netflix in a research note on Wednesday, July 9th. Wolfe Research set a $1,340.00 target price on shares of Netflix and gave the stock an "outperform" rating in a research note on Friday, May 16th. KeyCorp boosted their target price on shares of Netflix from $1,070.00 to $1,390.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. BMO Capital Markets reaffirmed an "outperform" rating and set a $1,425.00 target price (up previously from $1,200.00) on shares of Netflix in a research note on Tuesday, July 15th. Finally, Sanford C. Bernstein boosted their target price on shares of Netflix from $1,200.00 to $1,390.00 and gave the stock an "outperform" rating in a research note on Thursday, July 17th. 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 given a Sell rating to the company's stock. According to data from MarketBeat, Netflix has an average rating of "Moderate Buy" and a consensus price target of $1,297.66.

Netflix Trading Down 0.1%

Shares of NASDAQ:NFLX traded down $1.56 during mid-day trading on Friday, reaching $1,204.65. 3,122,827 shares of the company's stock were exchanged, compared to its average volume of 2,952,016. The firm has a market capitalization of $511.89 billion, a price-to-earnings ratio of 51.33, a PEG ratio of 2.03 and a beta of 1.59. The business's fifty day moving average price is $1,231.41 and its 200-day moving average price is $1,111.65. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. Netflix, Inc. has a twelve month low of $660.80 and a twelve month high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping analysts' consensus estimates of $7.07 by $0.12. The company had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. Netflix's revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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, research analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

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.