Ferguson Wellman Capital Management Inc. Decreases Holdings in Netflix, Inc. $NFLX

Key Points

• Ferguson Wellman Capital Management Inc. decreased its stake in Netflix by 32.3%, now holding 707 shares worth approximately $947,000.
• Several institutional investors, including Vanguard Group Inc. and Price T Rowe Associates Inc., increased their positions in Netflix during the first quarter, reflecting a strong interest in the stock.
• Netflix's shares are currently trading around $1,207.78, showing a year-to-date performance with a 1.7% decline and a market cap of $513.22 billion.

Ferguson Wellman Capital Management Inc. trimmed its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 32.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 707 shares of the Internet television network's stock after selling 338 shares during the period. Ferguson Wellman Capital Management Inc.'s holdings in Netflix were worth $947,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Resurgent Financial Advisors LLC boosted its holdings in shares of Netflix by 234.4% during the 1st quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network's stock worth $942,000 after buying an additional 708 shares in the last quarter. MRA Advisory Group boosted its holdings in shares of Netflix by 28.4% during the 2nd quarter. MRA Advisory Group now owns 919 shares of the Internet television network's stock worth $1,231,000 after buying an additional 203 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings 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 worth $412,059,000 after buying an additional 130,946 shares in the last quarter. New England Research & Management Inc. boosted its holdings 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 worth $1,979,000 after buying an additional 1,268 shares in the last quarter. Finally, Westbourne Investments Inc. boosted its holdings in shares of Netflix by 107.9% during the 1st quarter. Westbourne Investments Inc. now owns 2,408 shares of the Internet television network's stock worth $2,246,000 after buying an additional 1,250 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Gregory K. Peters sold 2,026 shares of the firm's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the completion of the sale, the chief executive officer directly owned 12,781 shares of the company's stock, valued at $14,793,240.64. This trade represents a 13.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Spencer Adam Neumann sold 2,600 shares of the firm's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $1,207.76, for a total value of $3,140,176.00. Following the sale, the chief financial officer directly owned 3,691 shares of the company's stock, valued at approximately $4,457,842.16. This represents a 41.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 89,348 shares of company stock worth $109,498,489. 1.37% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Loop Capital upgraded Netflix from a "hold" rating to a "buy" rating and increased their target price for the stock from $1,150.00 to $1,350.00 in a report on Wednesday, September 17th. BMO Capital Markets reiterated an "outperform" rating and issued a $1,425.00 target price (up from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. Seaport Res Ptn cut Netflix from a "strong-buy" rating to a "hold" rating in a report on Sunday, July 6th. UBS Group reiterated a "market underperform" rating on shares of Netflix in a report on Saturday, July 19th. Finally, Oppenheimer increased their target price on Netflix from $1,200.00 to $1,425.00 and gave the stock an "outperform" rating in a report on Thursday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Netflix has a consensus rating of "Moderate Buy" and an average target price of $1,328.87.

Netflix Stock Up 0.0%

NASDAQ:NFLX traded up $0.40 during trading hours on Monday, hitting $1,227.37. 2,543,834 shares of the company traded hands, compared to its average volume of 2,749,690. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. The firm's 50-day simple moving average is $1,211.80 and its 200-day simple moving average is $1,144.65. Netflix, Inc. has a one year low of $677.88 and a one year high of $1,341.15. The company has a market cap of $521.55 billion, a PE ratio of 52.30, a PEG ratio of 2.07 and a beta of 1.60.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share 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 analysts' expectations of $11.04 billion. During the same period last year, the business earned $4.88 EPS. 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. Equities analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current 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.