Netflix, Inc. $NFLX Stock Holdings Lowered by EFG Asset Management North America Corp.

Key Points

• EFG Asset Management North America Corp. reduced its holdings in Netflix by 5.3%, now owning 8,578 shares valued at approximately $8 million, making Netflix the firm's 9th largest position.
• Several institutional investors, including Halbert Hargrove Global Advisors and Barnes Dennig Private Wealth Management, have recently increased their stakes in Netflix, highlighting strong interest in the stock as institutional ownership reaches 80.93%.
• Analysts have continued to express positive outlooks on Netflix, with Bank of America raising its price target to $1,490 and a consensus rating of "Moderate Buy" from various investment analysts.

EFG Asset Management North America Corp. trimmed its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 5.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,578 shares of the Internet television network's stock after selling 480 shares during the quarter. Netflix makes up about 1.3% of EFG Asset Management North America Corp.'s investment portfolio, making the stock its 9th largest holding. EFG Asset Management North America Corp.'s holdings in Netflix were worth $7,998,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Resurgent Financial Advisors LLC grew its position in Netflix by 234.4% during the first quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network's stock valued at $942,000 after buying an additional 708 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of Netflix by 42.1% during the 1st 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 buying an additional 130,946 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Netflix by 8.7% during the 4th 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 buying an additional 110,432 shares in the last quarter. PharVision Advisers LLC purchased a new position in shares of Netflix during the 4th quarter valued at $873,000. Finally, New England Research & Management Inc. lifted its stake in shares of Netflix by 148.5% during the 1st quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network's stock valued at $1,979,000 after buying an additional 1,268 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on NFLX shares. Robert W. Baird upped their target price on shares of Netflix from $1,300.00 to $1,500.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. JPMorgan Chase & Co. upped their target price on shares of Netflix from $1,230.00 to $1,300.00 and gave the stock a "neutral" rating in a research report on Friday, July 18th. Zacks Research lowered shares of Netflix from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 1st. Wall Street Zen lowered shares of Netflix from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Finally, Loop Capital reissued a "hold" rating on shares of Netflix in a research note on Tuesday, July 15th. One 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. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $1,317.58.

Insiders Place Their Bets

In other news, CEO Gregory K. Peters sold 2,026 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were 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 approximately $14,793,240.64. The trade was a 13.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,600 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $1,207.76, for a total transaction of $3,140,176.00. Following the transaction, the chief financial officer owned 3,691 shares of the company's stock, valued at approximately $4,457,842.16. This trade represents a 41.33% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 89,348 shares of company stock worth $109,498,489. 1.37% of the stock is owned by corporate insiders.

Netflix Trading Down 1.1%

Shares of Netflix stock traded down $13.66 during trading on Friday, hitting $1,243.82. The stock had a trading volume of 2,378,410 shares, compared to its average volume of 2,541,951. The firm's fifty day simple moving average is $1,225.36 and its 200-day simple moving average is $1,123.79. The stock has a market cap of $528.53 billion, a PE ratio of 53.00, a PEG ratio of 2.12 and a beta of 1.60. 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, Inc. has a 12 month low of $660.80 and a 12 month high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last announced 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 net margin of 24.58% and a return on equity of 42.50%. The company had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. During the same quarter last year, the business posted $4.88 EPS. The firm's revenue for the quarter 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, sell-side analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Netflix 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.