Netflix, Inc. $NFLX is Lattice Capital Management LLC's 8th Largest Position

Key Points

• Lattice Capital Management LLC significantly reduced its stake in Netflix by 49.3%, leaving it as the firm's 8th largest position, valued at approximately $2.68 million.
• Insider trading was notable, with CEO Gregory K. Peters and CFO Spencer Adam Neumann selling shares worth over $5.36 million collectively, representing significant decreases in their ownership.
• A variety of Wall Street analysts have changed their ratings on Netflix, with some downgrades and others increasing target prices, contributing to an overall average rating of "Moderate Buy" and a consensus price target of $1,337.63.

Lattice Capital Management LLC lessened its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 49.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,000 shares of the Internet television network's stock after selling 1,946 shares during the quarter. Netflix comprises approximately 2.9% of Lattice Capital Management LLC's holdings, making the stock its 8th biggest holding. Lattice Capital Management LLC's holdings in Netflix were worth $2,678,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC lifted its holdings in Netflix by 5.0% in the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock worth $4,804,000 after buying an additional 257 shares in the last quarter. Revolve Wealth Partners LLC grew its position in shares of Netflix by 16.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock valued at $912,000 after buying an additional 144 shares during the last quarter. Wedge Capital Management L L P NC bought a new stake in shares of Netflix during the 1st quarter valued at about $214,000. NewSquare Capital LLC boosted its stake in Netflix by 170.9% during the 1st quarter. NewSquare Capital LLC now owns 149 shares of the Internet television network's stock valued at $139,000 after purchasing an additional 94 shares during the period. Finally, Daymark Wealth Partners LLC boosted its stake in Netflix by 3.4% during the 1st quarter. Daymark Wealth Partners LLC now owns 1,659 shares of the Internet television network's stock valued at $1,547,000 after purchasing an additional 54 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Insiders Place Their Bets

In other news, CEO Gregory K. Peters sold 2,026 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total value 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 represents a 13.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $1,162.40, for a total transaction of $3,023,402.40. Following the transaction, the chief financial officer directly owned 3,691 shares in the company, valued at approximately $4,290,418.40. This represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,100 shares of company stock valued at $122,710,980 in the last three months. Insiders own 1.37% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Phillip Securities lowered shares of Netflix from a "hold" rating to a "strong sell" rating in a research note on Monday, July 21st. KeyCorp upped their price objective on shares of Netflix from $1,070.00 to $1,390.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Zacks Research lowered shares of Netflix from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 1st. Loop Capital upgraded shares of Netflix from a "hold" rating to a "buy" rating and increased their price target for the stock from $1,150.00 to $1,350.00 in a research note on Wednesday, September 17th. Finally, BMO Capital Markets reaffirmed an "outperform" rating and set a $1,425.00 price objective (up from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $1,337.63.

Netflix Stock Performance

Shares of NFLX opened at $1,191.06 on Wednesday. The firm's 50 day moving average price is $1,207.58 and its two-hundred day moving average price is $1,163.42. 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 firm has a market cap of $506.12 billion, a P/E ratio of 50.75, a PEG ratio of 1.96 and a beta of 1.59. Netflix, Inc. has a twelve month low of $677.88 and a twelve month high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping analysts' consensus estimates of $7.07 by $0.12. The business had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm's revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter 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. On average, analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal 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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