Louisbourg Investments Inc. Reduces Holdings in Netflix, Inc. $NFLX

Key Points

• Louisbourg Investments Inc. reduced its holdings in Netflix, Inc. by 52.3% in the second quarter, owning 528 shares valued at $707,000 after selling 578 shares.
• Analyst ratings for Netflix vary, with 2 Strong Buy, 26 Buy, and 8 Hold ratings, reflecting a consensus target price of $1,337.63.
• Insider trading activity included Reed Hastings selling 42,176 shares for nearly $49.4 million, significantly decreasing his ownership by over 99%.

Louisbourg Investments Inc. trimmed its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 52.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 528 shares of the Internet television network's stock after selling 578 shares during the quarter. Louisbourg Investments Inc.'s holdings in Netflix were worth $707,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Halbert Hargrove Global Advisors LLC lifted its position in shares of Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after purchasing an additional 13 shares during the last quarter. Flaharty Asset Management LLC bought a new stake in shares of Netflix in the first quarter valued at about $37,000. Maseco LLP bought a new stake in shares of Netflix in the second quarter valued at about $39,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Netflix in the first quarter valued at about $42,000. Finally, 1248 Management LLC bought a new stake in shares of Netflix in the first quarter valued at about $43,000. 80.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on NFLX shares. Wedbush restated an "outperform" rating and issued a $1,500.00 price objective (up from $1,400.00) on shares of Netflix in a report on Monday, July 14th. Loop Capital upgraded Netflix from a "hold" rating to a "buy" rating and lifted their price objective for the company from $1,150.00 to $1,350.00 in a report on Wednesday, September 17th. Phillip Securities downgraded Netflix from a "hold" rating to a "strong sell" rating in a report on Monday, July 21st. Cowen restated a "buy" rating on shares of Netflix in a report on Tuesday. Finally, Piper Sandler lifted their price objective on Netflix from $1,400.00 to $1,500.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, Netflix has an average rating of "Moderate Buy" and a consensus target price of $1,337.63.

Insider Buying and Selling at Netflix

In other news, Director Reed Hastings sold 42,176 shares of the business's stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total transaction of $49,426,897.92. Following the sale, the director owned 394 shares in the company, valued at approximately $461,736.48. The trade was a 99.07% 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, CEO Gregory K. Peters sold 2,026 shares of the business's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the sale, the chief executive officer owned 12,781 shares in the company, valued at $14,793,240.64. The trade was a 13.68% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 104,100 shares of company stock valued at $122,710,980. Insiders own 1.37% of the company's stock.

Netflix Stock Performance

Shares of Netflix stock opened at $1,220.08 on Friday. The company has a market capitalization of $518.45 billion, a PE ratio of 51.98, a P/E/G ratio of 2.07 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. The company has a 50-day simple moving average of $1,210.84 and a two-hundred day simple moving average of $1,167.10. Netflix, Inc. has a one year low of $677.88 and a one year high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last announced 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 period in the previous year, the company posted $4.88 earnings per share. 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. Research analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Netflix 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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