Napean Trading & Investment Co Singapore PTE Ltd Trims Stock Holdings in Netflix, Inc. $NFLX

Key Points

• Napean Trading & Investment Co Singapore PTE Ltd reduced its holdings in Netflix, Inc. by 53.7%, bringing its total shares to 10,523, valued at approximately $9.81 million.
• Insiders, including CFO Spencer Neumann and Director Reed Hastings, significantly sold shares, with Neumann reducing his stake by 41.33% and Hastings by 98.50% in recent transactions.
• Despite the sell-offs, several analysts maintained positive outlooks on Netflix, with an average target price of $1,317.58 and ratings ranging from "Strong Buy" to "Sell."

Napean Trading & Investment Co Singapore PTE Ltd cut its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 53.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,523 shares of the Internet television network's stock after selling 12,211 shares during the quarter. Netflix comprises approximately 2.9% of Napean Trading & Investment Co Singapore PTE Ltd's portfolio, making the stock its 12th biggest holding. Napean Trading & Investment Co Singapore PTE Ltd's holdings in Netflix were worth $9,813,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. NewEdge Advisors LLC lifted its position in Netflix by 12.3% during the first quarter. NewEdge Advisors LLC now owns 52,760 shares of the Internet television network's stock worth $49,201,000 after buying an additional 5,776 shares during the period. Night Owl Capital Management LLC lifted its position in Netflix by 3.4% during the first quarter. Night Owl Capital Management LLC now owns 35,646 shares of the Internet television network's stock worth $33,241,000 after buying an additional 1,178 shares during the period. Nippon Life Global Investors Americas Inc. lifted its position in Netflix by 17.3% during the first quarter. Nippon Life Global Investors Americas Inc. now owns 52,440 shares of the Internet television network's stock worth $48,902,000 after buying an additional 7,740 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Netflix by 0.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 502,303 shares of the Internet television network's stock worth $468,502,000 after buying an additional 2,948 shares during the period. Finally, Kettle Hill Capital Management LLC purchased a new position in Netflix during the first quarter worth about $11,277,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Netflix news, CFO Spencer Adam Neumann sold 2,600 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $1,207.76, for a total transaction of $3,140,176.00. Following the completion of the sale, the chief financial officer owned 3,691 shares in the company, valued at $4,457,842.16. This trade represents a 41.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Reed Hastings sold 25,959 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $1,207.71, for a total value of $31,350,943.89. Following the sale, the director owned 394 shares of the company's stock, valued at approximately $475,837.74. This trade represents a 98.50% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 89,348 shares of company stock valued at $109,498,489. Company insiders own 1.37% of the company's stock.

Netflix Price Performance

NFLX stock opened at $1,257.48 on Friday. 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, Inc. has a 1 year low of $660.80 and a 1 year high of $1,341.15. The firm has a market cap of $534.34 billion, a P/E ratio of 53.58, a price-to-earnings-growth ratio of 2.06 and a beta of 1.60. The stock has a 50-day simple moving average of $1,226.94 and a 200-day simple moving average of $1,122.36.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its 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. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The business had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. During the same quarter last year, the firm earned $4.88 earnings per share. The company's revenue for the quarter 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. On average, equities analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on NFLX shares. Wedbush reiterated an "outperform" rating and set a $1,500.00 target price (up from $1,400.00) on shares of Netflix in a research report on Monday, July 14th. Loop Capital restated a "hold" rating on shares of Netflix in a report on Tuesday, July 15th. Barclays restated a "sell" rating and issued a $1,100.00 price objective (up from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. Wall Street Zen downgraded Netflix from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Finally, Wells Fargo & Company raised their price objective on Netflix from $1,500.00 to $1,560.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $1,317.58.

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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