Mitchell Capital Management Co. Reduces Stock Holdings in Netflix, Inc. $NFLX

Key Points

• Mitchell Capital Management Co. reduced its stock holdings in Netflix, Inc. by 8.5%, totaling 3,768 shares worth approximately $5.05 million.
• Multiple institutional investors, including Vanguard Group and Price T Rowe Associates, increased their holdings in Netflix during the first quarter.
• Netflix reported earnings of $7.19 per share for the last quarter, exceeding analyst expectations and showing a 15.9% increase in revenue year-over-year.

Mitchell Capital Management Co. decreased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 8.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,768 shares of the Internet television network's stock after selling 349 shares during the quarter. Mitchell Capital Management Co.'s holdings in Netflix were worth $5,046,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Netflix by 1.4% during the 1st 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. Price T Rowe Associates Inc. MD raised its holdings in Netflix by 2.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,732,066 shares of the Internet television network's stock valued at $10,940,505,000 after acquiring an additional 304,399 shares during the period. Alliancebernstein L.P. raised its holdings in Netflix by 1.0% during the 1st quarter. Alliancebernstein L.P. now owns 5,194,939 shares of the Internet television network's stock valued at $4,844,436,000 after acquiring an additional 53,611 shares during the period. Invesco Ltd. raised its holdings in Netflix by 8.3% during the 1st quarter. Invesco Ltd. now owns 4,664,818 shares of the Internet television network's stock valued at $4,350,083,000 after acquiring an additional 356,617 shares during the period. Finally, Wellington Management Group LLP raised its holdings in Netflix by 3.5% during the 1st quarter. Wellington Management Group LLP now owns 4,385,666 shares of the Internet television network's stock valued at $4,089,765,000 after acquiring an additional 148,675 shares during the period. Institutional investors own 80.93% of the company's stock.

Insider Buying and Selling

In related 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 completion of the transaction, the insider directly owned 31,610 shares in the company, valued at approximately $36,625,558.70. The trade was a 1.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the completion of the transaction, the chief executive officer 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 104,100 shares of company stock valued at $122,710,980 in the last three months. 1.37% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on NFLX. Cowen reissued a "buy" rating on shares of Netflix in a report on Tuesday, October 7th. Seaport Res Ptn raised shares of Netflix from a "hold" rating to a "strong-buy" rating in a report on Monday, October 6th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Netflix in a report on Wednesday, October 8th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $1,425.00 price target (up previously from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. Finally, Robert W. Baird upped their price target on shares of Netflix from $1,300.00 to $1,500.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Netflix has an average rating of "Moderate Buy" and a consensus target price of $1,337.63.

Netflix Trading Down 0.9%

Netflix stock opened at $1,220.08 on Monday. Netflix, Inc. has a fifty-two week low of $677.88 and a fifty-two week high of $1,341.15. The firm's fifty day moving average price is $1,210.84 and its 200-day moving average price is $1,169.80. The stock has a market cap of $518.45 billion, a P/E ratio of 51.98, a PEG ratio of 2.05 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.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $11.04 billion. During the same period in the previous year, the business earned $4.88 earnings per share. The firm's quarterly 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.

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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