Exchange Traded Concepts LLC Cuts Stock Holdings in Netflix, Inc. $NFLX

Key Points

• Exchange Traded Concepts LLC has reduced its stake in Netflix, Inc. by 16.2%, now holding 14,028 shares worth approximately $18.79 million as of the latest filing.
• Several large investors, including GAMMA Investing LLC and Goldman Sachs Group Inc., have significantly increased their positions in Netflix, with institutional investors now owning 80.93% of the company's stock.
• Netflix's stock recently traded at $1,228.50, and analysts have set a consensus price target of $1,328.87, reflecting a generally positive outlook with multiple analysts issuing "buy" ratings.

Exchange Traded Concepts LLC lessened its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 16.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,028 shares of the Internet television network's stock after selling 2,709 shares during the quarter. Exchange Traded Concepts LLC's holdings in Netflix were worth $18,785,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of NFLX. Fullcircle Wealth LLC lifted its stake in Netflix by 2.5% in the first quarter. Fullcircle Wealth LLC now owns 369 shares of the Internet television network's stock valued at $344,000 after purchasing an additional 9 shares during the last quarter. Capital Analysts LLC lifted its stake in Netflix by 0.3% in the first quarter. Capital Analysts LLC now owns 2,620 shares of the Internet television network's stock valued at $2,443,000 after purchasing an additional 9 shares during the last quarter. Enterprise Financial Services Corp lifted its stake in Netflix by 1.8% in the first quarter. Enterprise Financial Services Corp now owns 505 shares of the Internet television network's stock valued at $471,000 after purchasing an additional 9 shares during the last quarter. Sunpointe LLC lifted its stake in Netflix by 1.4% in the second quarter. Sunpointe LLC now owns 644 shares of the Internet television network's stock valued at $862,000 after purchasing an additional 9 shares during the last quarter. Finally, Continuum Wealth Advisors LLC lifted its stake in Netflix by 4.4% in the first quarter. Continuum Wealth Advisors LLC now owns 235 shares of the Internet television network's stock valued at $219,000 after purchasing an additional 10 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Price Performance

Shares of Netflix stock traded down $20.72 during trading on Thursday, hitting $1,207.78. The stock had a trading volume of 3,159,374 shares, compared to its average volume of 2,602,620. The firm has a market cap of $513.22 billion, a price-to-earnings ratio of 51.46, a P/E/G ratio of 2.07 and a beta of 1.60. Netflix, Inc. has a 12 month low of $677.88 and a 12 month high of $1,341.15. The business's 50-day moving average is $1,212.85 and its 200 day moving average is $1,137.88. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping the consensus estimate of $7.07 by $0.12. The firm had revenue of $11.08 billion for the quarter, compared to analysts' expectations of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business's quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, sell-side analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Activity

In other Netflix news, Director Reed Hastings sold 25,959 shares of Netflix 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 completion of the sale, the director owned 394 shares of the company's stock, valued at $475,837.74. The trade was a 98.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Cletus R. Willems sold 238 shares of Netflix stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $1,153.52, for a total value of $274,537.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 89,348 shares of company stock valued at $109,498,489. 1.37% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on NFLX shares. Bank of America boosted their target price on shares of Netflix from $1,175.00 to $1,490.00 and gave the company a "buy" rating in a report on Friday, May 30th. Wells Fargo & Company boosted their target price on shares of Netflix from $1,500.00 to $1,560.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Loop Capital raised shares of Netflix from a "hold" rating to a "buy" rating and boosted their target price for the company from $1,150.00 to $1,350.00 in a report on Wednesday. Wall Street Zen raised shares of Netflix from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. Finally, Robert W. Baird boosted their target price on shares of Netflix from $1,300.00 to $1,500.00 and gave the company an "outperform" rating in a report on Monday, July 21st. One 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 issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price 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.