NBC Securities Inc. Trims Stock Holdings in Netflix, Inc. $NFLX

Key Points

• NBC Securities Inc. has reduced its stake in Netflix, Inc. by 31.3%, now holding 3,242 shares valued at approximately $4.34 million.
• Despite NBC's reduction, institutional investors collectively own 80.93% of Netflix's stock, highlighting strong institutional interest in the company.
• Netflix reported $7.19 EPS for the last quarter, exceeding expectations, with a revenue increase of 15.9% year-over-year.

NBC Securities Inc. reduced its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 31.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,242 shares of the Internet television network's stock after selling 1,476 shares during the period. NBC Securities Inc.'s holdings in Netflix were worth $4,341,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in NFLX. Apella Capital LLC boosted its holdings in Netflix by 9.4% during the 2nd quarter. Apella Capital LLC now owns 1,522 shares of the Internet television network's stock worth $1,963,000 after acquiring an additional 131 shares during the last quarter. Boltwood Capital Management bought a new position in Netflix in the second quarter worth $325,000. GK Wealth Management LLC increased its holdings in shares of Netflix by 52.6% during the second quarter. GK Wealth Management LLC now owns 885 shares of the Internet television network's stock valued at $1,185,000 after acquiring an additional 305 shares in the last quarter. Gallacher Capital Management LLC boosted its position in shares of Netflix by 98.4% during the second quarter. Gallacher Capital Management LLC now owns 500 shares of the Internet television network's stock valued at $670,000 after buying an additional 248 shares during the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of Netflix by 2.7% during the 2nd quarter. Parallel Advisors LLC now owns 29,351 shares of the Internet television network's stock valued at $39,305,000 after buying an additional 776 shares in the last quarter. Institutional investors own 80.93% of the company's stock.

Netflix Stock Down 0.1%

Shares of NASDAQ NFLX traded down $1.75 during midday trading on Tuesday, reaching $1,200.51. 2,402,894 shares of the company's stock were exchanged, compared to its average volume of 2,616,503. 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 stock has a market capitalization of $510.13 billion, a PE ratio of 51.22, a price-to-earnings-growth ratio of 2.02 and a beta of 1.60. Netflix, Inc. has a 52-week low of $677.88 and a 52-week high of $1,341.15. The business's fifty day moving average price is $1,216.40 and its two-hundred day moving average price is $1,135.17.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The business's revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the firm posted $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Activity at Netflix

In other news, CEO Gregory K. Peters sold 2,026 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the completion of the sale, the chief executive officer owned 12,781 shares of the company's stock, valued at approximately $14,793,240.64. This trade represents a 13.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of the firm's 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 directly owned 3,691 shares in the company, valued at approximately $4,290,418.40. The trade was a 41.34% 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 worth $109,498,489 over the last ninety days. Corporate insiders own 1.37% of the company's stock.

Analyst Ratings Changes

NFLX has been the topic of several analyst reports. Morgan Stanley reissued an "equal weight" rating on shares of Netflix in a research report on Monday, July 21st. Oppenheimer increased their price objective on Netflix from $1,200.00 to $1,425.00 and gave the company an "outperform" rating in a report on Thursday, June 12th. Zacks Research downgraded Netflix from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 1st. Robert W. Baird increased their target price on Netflix from $1,300.00 to $1,500.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Finally, TD Cowen raised their target price on Netflix from $1,440.00 to $1,450.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Netflix has a consensus rating of "Moderate Buy" and an average price target 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.