Netflix, Inc. $NFLX Holdings Lessened by Linden Thomas Advisory Services LLC

Key Points

• Linden Thomas Advisory Services LLC reduced its stake in Netflix, Inc. by 8.4%, decreasing its holdings to 5,892 shares valued at approximately $7.89 million.
• In the latest quarter, Netflix reported earnings of $5.87 per share, falling short of analysts' expectations of $6.88, while revenue was approximately $11.51 billion.
• Insider selling activity included significant transactions from CEO Gregory K. Peters and Director Reed Hastings, with a combined total of over $51 million in shares sold.

Linden Thomas Advisory Services LLC trimmed its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 8.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,892 shares of the Internet television network's stock after selling 539 shares during the quarter. Netflix accounts for approximately 0.9% of Linden Thomas Advisory Services LLC's holdings, making the stock its 10th biggest holding. Linden Thomas Advisory Services LLC's holdings in Netflix were worth $7,890,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kornitzer Capital Management Inc. KS raised its position in Netflix by 0.9% in the 2nd quarter. Kornitzer Capital Management Inc. KS now owns 7,806 shares of the Internet television network's stock worth $10,453,000 after purchasing an additional 73 shares during the period. Leavell Investment Management Inc. raised its position in Netflix by 2.4% in the 2nd quarter. Leavell Investment Management Inc. now owns 684 shares of the Internet television network's stock worth $916,000 after purchasing an additional 16 shares during the period. Shaker Investments LLC OH raised its position in Netflix by 79.4% in the 2nd quarter. Shaker Investments LLC OH now owns 3,562 shares of the Internet television network's stock worth $4,770,000 after purchasing an additional 1,577 shares during the period. B & T Capital Management DBA Alpha Capital Management raised its position in Netflix by 26.2% in the 2nd quarter. B & T Capital Management DBA Alpha Capital Management now owns 603 shares of the Internet television network's stock worth $807,000 after purchasing an additional 125 shares during the period. Finally, AG2R LA Mondiale Gestion D Actifs raised its position in Netflix by 0.9% in the 2nd quarter. AG2R LA Mondiale Gestion D Actifs now owns 15,893 shares of the Internet television network's stock worth $21,283,000 after purchasing an additional 141 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Netflix

In related news, CEO Gregory K. Peters sold 2,026 shares of the firm's stock in a transaction 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 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Reed Hastings sold 42,176 shares of the firm's stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total transaction of $49,426,897.92. Following the transaction, the director directly owned 394 shares of the company's stock, valued at approximately $461,736.48. This trade represents a 99.07% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 104,100 shares of company stock valued at $122,710,980. Company insiders own 1.37% of the company's stock.

Netflix Stock Down 1.7%

NFLX traded down $18.90 during trading on Friday, hitting $1,094.69. The stock had a trading volume of 6,005,713 shares, compared to its average volume of 4,087,288. The company has a market capitalization of $463.85 billion, a PE ratio of 45.73, a PEG ratio of 1.92 and a beta of 1.59. Netflix, Inc. has a twelve month low of $747.77 and a twelve month high of $1,341.15. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.34 and a current ratio of 1.33. The stock has a 50 day simple moving average of $1,207.21 and a two-hundred day simple moving average of $1,185.28.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share for the quarter, missing the consensus estimate of $6.88 by ($1.01). The firm had revenue of $11.51 billion during the quarter, compared to analyst estimates of $11.52 billion. Netflix had a net margin of 24.05% and a return on equity of 41.86%. Netflix's revenue was up 17.2% on a year-over-year basis. During the same quarter last year, the business earned $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, research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Netflix from $1,300.00 to $1,275.00 and set a "neutral" rating on the stock in a research report on Wednesday. Guggenheim reaffirmed a "buy" rating and set a $1,450.00 target price on shares of Netflix in a research report on Wednesday. Rosenblatt Securities raised their target price on shares of Netflix from $1,515.00 to $1,530.00 and gave the stock a "buy" rating in a research report on Wednesday. Jefferies Financial Group reaffirmed a "buy" rating and set a $1,500.00 target price on shares of Netflix in a research report on Wednesday. Finally, Robert W. Baird raised their target price on shares of Netflix from $1,300.00 to $1,500.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,352.78.

Netflix Company 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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