Netflix, Inc. $NFLX Shares Sold by HWG Holdings LP

Key Points

• HWG Holdings LP has reduced its stake in Netflix, Inc. by 32.2%, selling 2,517 shares, and now holds 5,301 shares valued at approximately $7.1 million.
• Netflix reported a quarterly earnings per share (EPS) of $7.19, surpassing analyst expectations of $7.07, with revenue also exceeding predictions at $11.08 billion.
• Insider trading saw a significant sell-off, with insiders offloading a total of 89,348 shares valued at roughly $109.5 million in the last quarter.

HWG Holdings LP lessened its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 32.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,301 shares of the Internet television network's stock after selling 2,517 shares during the quarter. Netflix accounts for about 2.1% of HWG Holdings LP's holdings, making the stock its 15th biggest holding. HWG Holdings LP's holdings in Netflix were worth $7,099,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Halbert Hargrove Global Advisors LLC grew its position in Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after buying an additional 13 shares during the last quarter. Brown Shipley& Co Ltd acquired a new stake in Netflix during the 4th quarter worth approximately $27,000. Copia Wealth Management purchased a new position in shares of Netflix during the 4th quarter valued at approximately $37,000. Flaharty Asset Management LLC bought a new position in Netflix during the first quarter worth $37,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new stake in Netflix in the first quarter worth $42,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Activity at Netflix

In related news, CEO Theodore A. Sarandos sold 2,026 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the completion of the sale, the chief executive officer owned 15,168 shares of the company's stock, valued at $17,604,284.16. This represents a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of the firm's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $1,162.40, for a total transaction of $3,023,402.40. Following the completion of the transaction, the chief financial officer directly owned 3,691 shares of the company's stock, valued at approximately $4,290,418.40. This represents 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 valued at $109,498,489 over the last 90 days. 1.37% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have commented on NFLX. Seaport Res Ptn lowered Netflix from a "strong-buy" rating to a "hold" rating in a research report on Sunday, July 6th. Barclays reissued a "sell" rating and issued a $1,100.00 price objective (up previously from $1,000.00) on shares of Netflix in a research note on Wednesday, July 9th. Canaccord Genuity Group reissued a "buy" rating on shares of Netflix in a research note on Thursday, July 10th. Piper Sandler raised their price objective on Netflix from $1,400.00 to $1,500.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Finally, UBS Group restated a "market underperform" rating on shares of Netflix in a research note on Saturday, July 19th. One research 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 assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,328.87.

Netflix Trading Up 1.6%

Shares of NASDAQ NFLX traded up $19.19 during trading hours on Friday, hitting $1,226.97. The company's stock had a trading volume of 4,943,369 shares, compared to its average volume of 2,658,717. The business has a 50-day simple moving average of $1,212.49 and a 200-day simple moving average of $1,139.63. Netflix, Inc. has a 12 month low of $677.88 and a 12 month high of $1,341.15. The stock has a market cap of $521.38 billion, a price-to-earnings ratio of 52.28, 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 quick ratio of 1.34 and a current ratio of 1.34.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping 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 business had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter in the previous year, the firm posted $4.88 EPS. The firm'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. On average, analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.