Lakeshore Capital Group Inc. Lowers Position in Netflix, Inc. $NFLX

Key Points

• Lakeshore Capital Group Inc. reduced its holdings in Netflix, Inc. by 28.4% in Q2, now owning 1,154 shares worth approximately $1.5 million.
• Netflix's stock is currently trading at $1,191.06, having seen a 2.4% increase recently, with a market cap of $506.12 billion.
• Institutional investors control 80.93% of Netflix shares, with several institutions including Halbert Hargrove and Signature Resources Capital Management significantly increasing their stakes.

Lakeshore Capital Group Inc. lessened its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 28.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,154 shares of the Internet television network's stock after selling 457 shares during the quarter. Netflix makes up about 1.4% of Lakeshore Capital Group Inc.'s investment portfolio, making the stock its 22nd largest holding. Lakeshore Capital Group Inc.'s holdings in Netflix were worth $1,545,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Halbert Hargrove Global Advisors LLC lifted its stake in shares of 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 purchasing an additional 13 shares during the period. Maseco LLP purchased a new position in shares of Netflix in the 2nd quarter valued at approximately $39,000. Ransom Advisory Ltd purchased a new position in shares of Netflix in the 2nd quarter valued at approximately $47,000. Flaharty Asset Management LLC purchased a new position in shares of Netflix in the 1st quarter valued at approximately $37,000. Finally, Signature Resources Capital Management LLC lifted its stake in shares of Netflix by 740.0% in the 2nd quarter. Signature Resources Capital Management LLC now owns 42 shares of the Internet television network's stock valued at $56,000 after purchasing an additional 37 shares during the period. Hedge funds and other institutional investors own 80.93% of the company's stock.

Netflix Stock Up 2.4%

Netflix stock opened at $1,191.06 on Wednesday. The firm has a market cap of $506.12 billion, a price-to-earnings ratio of 50.75, a PEG ratio of 1.96 and a beta of 1.59. The stock has a fifty day simple moving average of $1,207.58 and a two-hundred day simple moving average of $1,163.42. Netflix, Inc. has a 12 month low of $677.88 and a 12 month high of $1,341.15. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58.

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. The business had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The company's quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the company earned $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Equities analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Spencer Adam Neumann sold 2,600 shares of Netflix stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $1,172.51, for a total value of $3,048,526.00. Following the completion of the sale, the chief financial officer owned 3,691 shares of the company's stock, valued at $4,327,734.41. The trade was a 41.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Theodore A. Sarandos sold 2,026 shares of Netflix stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the completion of the sale, the chief executive officer directly owned 15,168 shares of the company's stock, valued at $17,604,284.16. The trade was a 11.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,100 shares of company stock valued at $122,710,980 over the last ninety days. 1.37% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

NFLX has been the subject of a number of recent research reports. BMO Capital Markets reiterated an "outperform" rating and set a $1,425.00 price objective (up previously from $1,200.00) on shares of Netflix in a research note on Tuesday, July 15th. JPMorgan Chase & Co. lifted their price objective on Netflix from $1,230.00 to $1,300.00 and gave the company a "neutral" rating in a research note on Friday, July 18th. Morgan Stanley reiterated an "equal weight" rating on shares of Netflix in a research note on Monday, July 21st. TD Cowen lowered their price objective on Netflix from $1,450.00 to $1,425.00 and set a "buy" rating for the company in a research note on Tuesday. Finally, Canaccord Genuity Group reiterated a "buy" rating on shares of Netflix in a research note on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Netflix currently has a consensus rating of "Moderate Buy" and an average target price of $1,337.63.

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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