Global X Japan Co. Ltd. Sells 830 Shares of Netflix, Inc. $NFLX

Key Points

• Global X Japan Co. Ltd. has reduced its stake in Netflix, owning $14.43 million worth of shares after selling 830 shares, now making up 1.5% of its investment portfolio.
• Insiders, including Cletus R. Willems and Reed Hastings, have sold substantial amounts of Netflix stock, totaling 89,348 shares worth $109 million over the last ninety days.
• Netflix's recent earnings report showed earnings per share of $7.19, beating estimates, and the consensus rating for the stock is currently considered a Moderate Buy with an average price target of $1,328.87.

Global X Japan Co. Ltd. lessened its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 7.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,772 shares of the Internet television network's stock after selling 830 shares during the quarter. Netflix makes up 1.5% of Global X Japan Co. Ltd.'s holdings, making the stock its 21st biggest position. Global X Japan Co. Ltd.'s holdings in Netflix were worth $14,425,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NFLX. Fullcircle Wealth LLC increased its position in Netflix by 2.5% during the first quarter. Fullcircle Wealth LLC now owns 369 shares of the Internet television network's stock worth $344,000 after buying an additional 9 shares during the last quarter. Capital Analysts LLC increased its holdings in shares of Netflix by 0.3% during the 1st quarter. Capital Analysts LLC now owns 2,620 shares of the Internet television network's stock worth $2,443,000 after acquiring an additional 9 shares during the last quarter. Enterprise Financial Services Corp raised its stake in Netflix by 1.8% in the 1st quarter. Enterprise Financial Services Corp now owns 505 shares of the Internet television network's stock valued at $471,000 after acquiring an additional 9 shares during the period. Sunpointe LLC lifted its holdings in Netflix by 1.4% during the 2nd 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 boosted its position in Netflix by 4.4% during the first quarter. Continuum Wealth Advisors LLC now owns 235 shares of the Internet television network's stock worth $219,000 after purchasing an additional 10 shares during the period. 80.93% of the stock is owned by institutional investors.

Netflix Price Performance

NFLX stock traded up $0.40 during midday trading on Monday, reaching $1,227.37. 2,539,710 shares of the stock were exchanged, compared to its average volume of 3,995,490. The company has a fifty day moving average price of $1,212.49 and a 200 day moving average price of $1,142.30. Netflix, Inc. has a 52 week low of $677.88 and a 52 week high of $1,341.15. 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 stock has a market capitalization of $521.55 billion, a PE ratio of 52.30, a P/E/G 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, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $11.04 billion. During the same quarter in the previous year, the firm posted $4.88 earnings per share. Netflix'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, analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on NFLX shares. Wells Fargo & Company increased their price objective on shares of Netflix from $1,500.00 to $1,560.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Phillip Securities downgraded shares of Netflix from a "hold" rating to a "strong sell" rating in a research note on Monday, July 21st. Wall Street Zen raised shares of Netflix from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. BMO Capital Markets restated an "outperform" rating and set a $1,425.00 target price (up previously from $1,200.00) on shares of Netflix in a research report on Tuesday, July 15th. Finally, TD Cowen raised their price objective on Netflix from $1,440.00 to $1,450.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. One 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 issued a Sell rating to the company's stock. According to MarketBeat.com, Netflix presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,328.87.

Insider Activity

In related news, Director Reed Hastings sold 25,959 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were 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 in the company, valued at $475,837.74. The trade was a 98.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $1,162.40, for a total value of $3,023,402.40. Following the completion of the transaction, the chief financial officer owned 3,691 shares in the company, valued at approximately $4,290,418.40. The trade was a 41.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 89,348 shares of company stock worth $109,498,489 in the last three months. Corporate insiders own 1.37% of the company's stock.

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.