IFM Investors Pty Ltd Lowers Position in Netflix, Inc. $NFLX

Key Points

• IFM Investors Pty Ltd reduced its stake in Netflix, Inc. by 0.7%, selling 563 shares, but still holds 79,450 shares valued at approximately $74 million.
• Analysts have largely upgraded their price targets for Netflix, with Citigroup setting a target of $1,250 and Piper Sandler raising it to $1,500.
• Netflix reported earnings of $7.19 per share for the latest quarter, beating estimates and showing a 15.9% year-over-year revenue increase.

IFM Investors Pty Ltd reduced its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 0.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 79,450 shares of the Internet television network's stock after selling 563 shares during the quarter. Netflix accounts for 0.8% of IFM Investors Pty Ltd's investment portfolio, making the stock its 20th largest position. IFM Investors Pty Ltd's holdings in Netflix were worth $74,090,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Acorns Advisers LLC lifted its holdings in shares of Netflix by 6.7% in the 1st quarter. Acorns Advisers LLC now owns 622 shares of the Internet television network's stock worth $580,000 after acquiring an additional 39 shares during the last quarter. Fortis Capital Advisors LLC lifted its holdings in Netflix by 9.7% during the 1st quarter. Fortis Capital Advisors LLC now owns 4,602 shares of the Internet television network's stock worth $4,292,000 after buying an additional 408 shares in the last quarter. Belpointe Asset Management LLC lifted its holdings in Netflix by 7.4% during the 1st quarter. Belpointe Asset Management LLC now owns 9,893 shares of the Internet television network's stock worth $9,226,000 after buying an additional 678 shares in the last quarter. Jupiter Wealth Management LLC lifted its holdings in Netflix by 4.5% during the 1st quarter. Jupiter Wealth Management LLC now owns 1,150 shares of the Internet television network's stock worth $1,072,000 after buying an additional 50 shares in the last quarter. Finally, Focus Partners Wealth lifted its holdings in Netflix by 17.2% during the 1st quarter. Focus Partners Wealth now owns 60,950 shares of the Internet television network's stock worth $56,573,000 after buying an additional 8,957 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on NFLX. Jefferies Financial Group reiterated a "buy" rating on shares of Netflix in a report on Tuesday, August 12th. Wall Street Zen lowered shares of Netflix from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Needham & Company LLC reiterated a "buy" rating and set a $1,500.00 target price on shares of Netflix in a report on Wednesday. Bank of America increased their target price on shares of Netflix from $1,175.00 to $1,490.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Netflix from $1,230.00 to $1,300.00 and gave the company a "neutral" rating in a research report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,317.58.

Netflix Stock Down 1.3%

Shares of NASDAQ NFLX traded down $15.06 during mid-day trading on Friday, reaching $1,188.44. The company had a trading volume of 3,778,934 shares, compared to its average volume of 4,021,602. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The firm has a 50 day simple moving average of $1,220.29 and a two-hundred day simple moving average of $1,130.00. The stock has a market cap of $505.00 billion, a P/E ratio of 50.64, a PEG ratio of 2.10 and a beta of 1.60. Netflix, Inc. has a 52-week low of $677.88 and a 52-week high of $1,341.15.

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, beating 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 firm had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same period last year, the firm posted $4.88 EPS. The company'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. Sell-side analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Buying and Selling at Netflix

In other news, CEO Theodore A. Sarandos sold 2,026 shares of Netflix stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the sale, the chief executive officer owned 15,168 shares of the company's stock, valued at $17,604,284.16. The trade was a 11.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Reed Hastings sold 25,959 shares of Netflix stock in a transaction dated 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 completion of the sale, the director directly owned 394 shares in the company, valued at approximately $475,837.74. The trade was a 98.50% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 89,348 shares of company stock valued at $109,498,489. Company 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.