HBW Advisory Services LLC Sells 1,111 Shares of Netflix, Inc. $NFLX

Key Points

• HBW Advisory Services LLC decreased its stake in Netflix, Inc. by 27.3%, selling 1,111 shares, which left it with a total of 2,964 shares valued at approximately $3.97 million.
• Several hedge funds have made significant investments in Netflix, including Jacobs & Co. CA and Neville Rodie & Shaw Inc., while institutional investors now own 80.93% of the company's stock.
• Netflix reported a quarterly earnings beat with $7.19 EPS, exceeding forecasts, and generated revenue of $11.08 billion, marking a 15.9% year-over-year increase.

HBW Advisory Services LLC lowered its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 27.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,964 shares of the Internet television network's stock after selling 1,111 shares during the quarter. HBW Advisory Services LLC's holdings in Netflix were worth $3,969,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Jacobs & Co. CA bought a new stake in shares of Netflix in the 2nd quarter worth approximately $269,000. Neville Rodie & Shaw Inc. bought a new stake in shares of Netflix in the 2nd quarter worth approximately $2,942,000. Central Pacific Bank Trust Division lifted its position in shares of Netflix by 49.4% in the 2nd quarter. Central Pacific Bank Trust Division now owns 3,689 shares of the Internet television network's stock worth $4,940,000 after acquiring an additional 1,219 shares during the period. Private Client Services LLC lifted its position in shares of Netflix by 69.0% in the 2nd quarter. Private Client Services LLC now owns 475 shares of the Internet television network's stock worth $636,000 after acquiring an additional 194 shares during the period. Finally, AG2R LA Mondiale Gestion D Actifs bought a new stake in shares of Netflix in the 1st quarter worth approximately $14,689,000. Institutional investors own 80.93% of the company's stock.

Analyst Upgrades and Downgrades

NFLX has been the subject of a number of research reports. Zacks Research downgraded Netflix from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 1st. Citigroup reissued a "neutral" rating and issued a $1,250.00 target price (up from $1,020.00) on shares of Netflix in a report on Thursday, May 29th. Bank of America increased their target price on Netflix from $1,175.00 to $1,490.00 and gave the stock a "buy" rating in a report on Friday, May 30th. The Goldman Sachs Group increased their target price on Netflix from $1,000.00 to $1,140.00 and gave the stock a "neutral" rating in a report on Wednesday, July 2nd. Finally, Jefferies Financial Group reissued a "buy" rating on shares of Netflix in a report on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $1,317.58.

Netflix Trading Down 1.3%

NFLX stock opened at $1,188.44 on Friday. The business has a fifty day moving average price of $1,218.15 and a 200 day moving average price of $1,131.45. Netflix, Inc. has a fifty-two week low of $677.88 and a fifty-two week high of $1,341.15. The stock has a market capitalization of $505.00 billion, a price-to-earnings ratio of 50.64, a P/E/G ratio of 2.03 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 (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, beating analysts' consensus estimates of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm had revenue of $11.08 billion during the quarter, compared to analysts' expectations of $11.04 billion. During the same period last year, the firm posted $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. Analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Activity

In related news, CFO Spencer Adam Neumann sold 2,600 shares of the firm's stock in a transaction 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 completion of the sale, the chief financial officer directly owned 3,691 shares of the company's stock, valued at $4,457,842.16. This trade represents a 41.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Cletus R. Willems sold 238 shares of the stock in a transaction on Wednesday, August 6th. The shares were 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 three months, insiders sold 89,348 shares of company stock worth $109,498,489. 1.37% of the stock is currently owned by insiders.

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.

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