Kayne Anderson Rudnick Investment Management LLC Has $53.58 Million Position in Netflix, Inc. $NFLX

Key Points

• Kayne Anderson Rudnick Investment Management LLC has decreased its position in Netflix, Inc. by 6.8%, now holding shares worth approximately $53.58 million.
• Netflix's latest quarterly earnings exceeded analysts' expectations, reporting $7.19 EPS and a revenue increase of 15.9% year-over-year, totaling $11.08 billion.
• Insiders have been selling shares, with CEO Gregory K. Peters selling 2,026 shares at around $1,157.44 per share, reflecting a 13.68% decrease in his ownership.

Kayne Anderson Rudnick Investment Management LLC cut its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 6.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,458 shares of the Internet television network's stock after selling 4,205 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC's holdings in Netflix were worth $53,582,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Halbert Hargrove Global Advisors LLC grew its holdings in shares of Netflix by 100.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after purchasing an additional 13 shares during the last quarter. Brown Shipley& Co Ltd bought a new stake in shares of Netflix during the 4th quarter valued at approximately $27,000. Copia Wealth Management bought a new stake in shares of Netflix during the 4th quarter valued at approximately $37,000. Stuart Chaussee & Associates Inc. grew its holdings in shares of Netflix by 4,500.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock valued at $41,000 after purchasing an additional 45 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Netflix during the 1st quarter valued at approximately $42,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Trading Down 0.1%

NASDAQ:NFLX opened at $1,204.65 on Monday. The firm's fifty day moving average is $1,231.41 and its 200-day moving average is $1,111.65. 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, Inc. has a 52 week low of $660.80 and a 52 week high of $1,341.15. The firm has a market cap of $511.89 billion, a P/E ratio of 51.33, a P/E/G ratio of 2.03 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same period in the prior year, the firm posted $4.88 EPS. The company's quarterly 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 expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Buying and Selling

In other news, insider David A. Hyman sold 424 shares of the company's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total value of $491,276.08. Following the sale, the insider directly owned 31,610 shares of the company's stock, valued at approximately $36,625,558.70. This represents a 1.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Gregory K. Peters sold 2,026 shares of the company's stock in a transaction on Tuesday, August 5th. The shares were 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 in the company, valued at approximately $14,793,240.64. This represents a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 146,307 shares of company stock worth $179,443,809. Corporate insiders own 1.37% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Barclays reaffirmed a "sell" rating and set a $1,100.00 price target (up from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. Wells Fargo & Company lifted their price target on shares of Netflix from $1,500.00 to $1,560.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Wall Street Zen raised shares of Netflix from a "hold" rating to a "buy" rating in a report on Friday. Morgan Stanley reissued an "equal weight" rating on shares of Netflix in a report on Monday, July 21st. Finally, TD Cowen boosted their target price on shares of Netflix from $1,440.00 to $1,450.00 and gave the stock a "buy" rating in a report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Netflix has an average rating of "Moderate Buy" and an average target price of $1,297.66.

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.

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