Netflix, Inc. $NFLX Stock Position Decreased by Level Four Advisory Services LLC

Key Points

• Level Four Advisory Services LLC reduced its holdings in Netflix by 5.2%, now owning 9,937 shares valued at approximately $9.27 million.
• Several hedge funds increased their stakes in Netflix, with GAMMA Investing LLC significantly boosting its holdings by over 109,500% in the same quarter.
• Despite a recent 2.5% drop in Netflix stock, the company reported strong quarterly earnings, with an EPS of $7.19, exceeding expectations and showing a 15.9% year-over-year revenue increase.

Level Four Advisory Services LLC trimmed its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 5.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,937 shares of the Internet television network's stock after selling 544 shares during the period. Level Four Advisory Services LLC's holdings in Netflix were worth $9,267,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of NFLX. Brighton Jones LLC increased its stake in shares of Netflix by 5.0% during the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock valued at $4,804,000 after acquiring an additional 257 shares during the period. Revolve Wealth Partners LLC lifted its position in Netflix by 16.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock worth $912,000 after purchasing an additional 144 shares during the period. BIP Wealth LLC lifted its position in Netflix by 23.8% in the fourth quarter. BIP Wealth LLC now owns 453 shares of the Internet television network's stock worth $403,000 after purchasing an additional 87 shares during the period. Transce3nd LLC acquired a new stake in shares of Netflix in the fourth quarter valued at $32,000. Finally, J. Safra Sarasin Holding AG boosted its stake in Netflix by 72.1% during the fourth quarter. J. Safra Sarasin Holding AG now owns 7,609 shares of the Internet television network's stock valued at $6,789,000 after buying an additional 3,187 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Transactions at Netflix

In other Netflix news, insider David A. Hyman sold 424 shares of the firm's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the completion of the sale, the insider directly owned 31,610 shares in the company, valued at approximately $36,625,558.70. This trade represents a 1.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 transaction, the chief executive officer directly owned 15,168 shares in the company, valued at approximately $17,604,284.16. This trade represents a 11.78% decrease in their position. 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. 1.37% of the stock is currently owned by company insiders.

Netflix Trading Down 0.6%

Shares of NFLX traded down $7.65 during midday trading on Thursday, hitting $1,206.21. The stock had a trading volume of 2,043,018 shares, compared to its average volume of 3,016,992. The business has a 50-day simple moving average of $1,231.56 and a two-hundred day simple moving average of $1,108.85. The firm has a market cap of $512.55 billion, a P/E ratio of 51.39, a price-to-earnings-growth ratio of 2.04 and a beta of 1.59. 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, Inc. has a fifty-two week low of $660.80 and a fifty-two week high of $1,341.15.

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 (EPS) for the quarter, beating analysts' consensus estimates of $7.07 by $0.12. The business had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm's revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, equities analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on NFLX shares. Pivotal Research reiterated a "buy" rating on shares of Netflix in a research report on Thursday, July 10th. Morgan Stanley reaffirmed an "equal weight" rating on shares of Netflix in a research note on Monday, July 21st. Cfra Research upgraded shares of Netflix to a "strong-buy" rating in a report on Monday, April 28th. Wall Street Zen lowered shares of Netflix from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Wells Fargo & Company lifted their price target on shares of Netflix from $1,500.00 to $1,560.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock 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.