Netflix, Inc. $NFLX Holdings Lifted by Cwm LLC

Key Points

• Cwm LLC increased its holdings in Netflix by 3.7%, owning 42,525 shares valued at $56.9 million, according to SEC filings.
• Insider trading activity includes Netflix CEO Theodore A. Sarandos selling 2,026 shares, leading to an 11.78% decrease in his position.
• Netflix stock has a consensus rating of "Moderate Buy" with an average price target of $1,337.63, following recent adjustments by several research firms.

Cwm LLC grew its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 3.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 42,525 shares of the Internet television network's stock after purchasing an additional 1,521 shares during the period. Cwm LLC's holdings in Netflix were worth $56,947,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in NFLX. Brighton Jones LLC boosted its holdings in shares of Netflix by 5.0% in the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock valued at $4,804,000 after acquiring an additional 257 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of Netflix by 16.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock valued at $912,000 after acquiring an additional 144 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Netflix by 17.6% in the first quarter. GAMMA Investing LLC now owns 9,475 shares of the Internet television network's stock valued at $8,836,000 after acquiring an additional 1,415 shares in the last quarter. Thomasville National Bank boosted its holdings in shares of Netflix by 60.3% in the first quarter. Thomasville National Bank now owns 396 shares of the Internet television network's stock valued at $369,000 after acquiring an additional 149 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC boosted its holdings in shares of Netflix by 11.7% in the first quarter. NorthCrest Asset Manangement LLC now owns 3,557 shares of the Internet television network's stock valued at $3,317,000 after acquiring an additional 374 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NFLX. Zacks Research cut shares of Netflix from a "strong-buy" rating to a "hold" rating in a report on Monday, September 1st. Barclays reissued a "sell" rating and set a $1,100.00 target price (up from $1,000.00) on shares of Netflix in a research note on Wednesday, July 9th. Rosenblatt Securities increased their target price on shares of Netflix from $1,514.00 to $1,515.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Citigroup reissued a "neutral" rating and set a $1,295.00 target price (up from $1,280.00) on shares of Netflix in a research note on Friday, October 3rd. Finally, The Goldman Sachs Group cut their target price on shares of Netflix from $1,310.00 to $1,300.00 and set a "neutral" rating for the company in a research note on Tuesday, September 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $1,337.63.

Insiders Place Their Bets

In other Netflix news, CEO Theodore A. Sarandos sold 2,026 shares of Netflix stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the completion of the sale, the chief executive officer owned 15,168 shares of the company's stock, valued at $17,604,284.16. This trade represents a 11.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Spencer Adam Neumann sold 2,600 shares of Netflix stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $1,172.51, for a total transaction of $3,048,526.00. Following the sale, the chief financial officer directly owned 3,691 shares of the company's stock, valued at $4,327,734.41. This trade represents a 41.33% decrease in their position. 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. Corporate insiders own 1.37% of the company's stock.

Netflix Stock Down 0.9%

Shares of NASDAQ:NFLX opened at $1,220.08 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. The company has a market cap of $518.44 billion, a PE ratio of 51.98, a price-to-earnings-growth ratio of 2.05 and a beta of 1.59. Netflix, Inc. has a 52 week low of $677.88 and a 52 week high of $1,341.15. The firm has a 50 day simple moving average of $1,210.84 and a 200 day simple moving average of $1,168.46.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating 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 net margin of 24.58% and a return on equity of 42.50%. The firm's quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current 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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