NatWest Group plc Reduces Stake in Netflix, Inc. $NFLX

Key Points

• NatWest Group plc reduced its stake in Netflix, Inc. by 7.6%, now holding 13,275 shares valued at approximately $17.78 million, making it their 4th largest investment.
• Several large investors increased their positions in Netflix, including Hobart Private Capital LLC, which raised its stake by 150.5% during the same quarter.
• Netflix's latest earnings report revealed a missed consensus estimate for EPS, reporting $5.87 compared to expectations of $6.88, despite a 17.2% year-over-year revenue increase.

NatWest Group plc decreased its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 7.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,275 shares of the Internet television network's stock after selling 1,085 shares during the quarter. Netflix comprises about 5.3% of NatWest Group plc's investment portfolio, making the stock its 4th biggest holding. NatWest Group plc's holdings in Netflix were worth $17,777,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the company. Hobart Private Capital LLC lifted its position in shares of Netflix by 150.5% in the second quarter. Hobart Private Capital LLC now owns 739 shares of the Internet television network's stock worth $990,000 after buying an additional 444 shares in the last quarter. Ranch Capital Advisors Inc. raised its stake in Netflix by 25.3% in the 2nd quarter. Ranch Capital Advisors Inc. now owns 866 shares of the Internet television network's stock worth $1,160,000 after acquiring an additional 175 shares during the last quarter. Richards Merrill & Peterson Inc. increased its stake in shares of Netflix by 51.4% in the 2nd quarter. Richards Merrill & Peterson Inc. now owns 315 shares of the Internet television network's stock valued at $422,000 after purchasing an additional 107 shares in the last quarter. Glass Jacobson Investment Advisors llc boosted its holdings in Netflix by 4.4% in the 2nd quarter. Glass Jacobson Investment Advisors llc now owns 405 shares of the Internet television network's stock worth $542,000 after buying an additional 17 shares during the last quarter. Finally, PKO Investment Management Joint Stock Co boosted its holdings in shares of Netflix by 34.6% during the 2nd quarter. PKO Investment Management Joint Stock Co now owns 10,500 shares of the Internet television network's stock worth $14,061,000 after purchasing an additional 2,700 shares during the last quarter. Institutional investors own 80.93% of the company's stock.

Insider Transactions at Netflix

In other Netflix news, Director Reed Hastings sold 42,176 shares of the company's stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the completion of the transaction, the director owned 394 shares in the company, valued at approximately $461,736.48. This represents a 99.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $1,162.40, for a total transaction of $3,023,402.40. Following the completion of the transaction, the chief financial officer owned 3,691 shares of the company's stock, valued at $4,290,418.40. This trade represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 104,100 shares of company stock worth $122,710,980 in the last quarter. 1.37% of the stock is currently owned by corporate insiders.

Netflix Stock Down 1.7%

Shares of NASDAQ NFLX opened at $1,094.69 on Friday. Netflix, Inc. has a 52-week low of $747.77 and a 52-week high of $1,341.15. The firm has a fifty day moving average of $1,207.21 and a 200-day moving average of $1,185.28. The stock has a market capitalization of $463.85 billion, a PE ratio of 45.73, a P/E/G ratio of 1.92 and a beta of 1.59. The company has a quick ratio of 1.34, a current ratio of 1.33 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share for the quarter, missing analysts' consensus estimates of $6.88 by ($1.01). The business had revenue of $11.51 billion for the quarter, compared to analysts' expectations of $11.52 billion. Netflix had a return on equity of 41.86% and a net margin of 24.05%.The firm's revenue for the quarter was up 17.2% on a year-over-year basis. During the same period last year, the company posted $5.40 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. On average, analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on NFLX shares. Rosenblatt Securities upped their price objective on Netflix from $1,515.00 to $1,530.00 and gave the company a "buy" rating in a report on Wednesday. UBS Group set a $1,500.00 price objective on Netflix in a research report on Wednesday. Sanford C. Bernstein reissued a "buy" rating on shares of Netflix in a report on Friday, October 17th. Barclays reissued a "sell" rating and issued a $1,100.00 target price (up previously from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. Finally, Citigroup restated a "neutral" rating and issued a $1,295.00 price objective (up previously from $1,280.00) on shares of Netflix in a research note on Friday, October 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,352.78.

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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