Netflix, Inc. $NFLX Shares Sold by Marshall Financial Group LLC

Key Points

• Marshall Financial Group LLC reduced its stake in Netflix by 17.2% in the second quarter, retaining 2,728 shares valued at approximately $3.52 million.
• Institutional investors, including Resurgent Financial Advisors and BNP PARIBAS ASSET MANAGEMENT, have recently increased their stakes in Netflix, reflecting a strong interest in the company amid a competitive environment.
• Netflix's stock has demonstrated significant performance with a 12-month range of $677.88 to $1,341.15, alongside recent earnings beating expectations and raising future guidance.

Marshall Financial Group LLC lowered its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 17.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,728 shares of the Internet television network's stock after selling 566 shares during the period. Netflix makes up approximately 0.7% of Marshall Financial Group LLC's investment portfolio, making the stock its 27th largest holding. Marshall Financial Group LLC's holdings in Netflix were worth $3,518,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of NFLX. GAMMA Investing LLC lifted its holdings in Netflix by 109,524.3% in the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock valued at $8,239,576,000 after acquiring an additional 8,827,662 shares during the period. Nuveen LLC acquired a new position in Netflix in the first quarter valued at approximately $2,385,585,000. Goldman Sachs Group Inc. lifted its holdings in Netflix by 57.3% in the first quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network's stock valued at $3,164,134,000 after acquiring an additional 1,236,251 shares during the period. Amundi lifted its holdings in Netflix by 37.7% in the first quarter. Amundi now owns 2,070,221 shares of the Internet television network's stock valued at $1,898,496,000 after acquiring an additional 567,251 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Netflix by 1.4% in the first quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock valued at $35,433,585,000 after acquiring an additional 509,255 shares during the period. Hedge funds and other institutional investors own 80.93% of the company's stock.

Insider Transactions at Netflix

In related news, Director Reed Hastings sold 25,959 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $1,207.71, for a total value of $31,350,943.89. Following the completion of the transaction, the director directly owned 394 shares of the company's stock, valued at approximately $475,837.74. This represents a 98.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gregory K. Peters sold 2,026 shares of the firm's stock in a transaction on 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 completion of the sale, the chief executive officer directly owned 12,781 shares of the company's stock, valued at $14,793,240.64. This trade represents a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 89,348 shares of company stock valued at $109,498,489 in the last 90 days. 1.37% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. boosted their price target on Netflix from $1,230.00 to $1,300.00 and gave the company a "neutral" rating in a report on Friday, July 18th. The Goldman Sachs Group boosted their price target on Netflix from $1,000.00 to $1,140.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. Sanford C. Bernstein boosted their price target on Netflix from $1,200.00 to $1,390.00 and gave the company an "outperform" rating in a report on Thursday, July 17th. Rosenblatt Securities upped their target price on Netflix from $1,514.00 to $1,515.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Finally, Seaport Res Ptn downgraded Netflix from a "strong-buy" rating to a "hold" rating in a research note on Sunday, July 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $1,328.87.

Netflix Price Performance

NASDAQ NFLX traded down $20.72 during mid-day trading on Thursday, hitting $1,207.78. The stock had a trading volume of 3,159,374 shares, compared to its average volume of 2,602,620. The firm's 50 day moving average is $1,212.85 and its 200 day moving average is $1,137.88. Netflix, Inc. has a twelve month low of $677.88 and a twelve month high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. The stock has a market capitalization of $513.22 billion, a price-to-earnings ratio of 51.46, a PEG ratio of 2.07 and a beta of 1.60.

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 the consensus estimate of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. During the same period in the prior year, the company earned $4.88 EPS. The firm's revenue was up 15.9% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Equities research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.