Netflix, Inc. $NFLX Position Cut by Rational Advisors Inc.

Key Points

• Rational Advisors Inc. has decreased its position in Netflix, Inc. by 16.4%, now holding 3,013 shares valued at approximately $4,035,000.
• Netflix reported earnings per share of $5.87 for the last quarter, below analysts' expectations of $6.88, despite a 17.2% year-over-year revenue increase to $11.51 billion.
• The stock has experienced a slight decline of 1.7%, with a current market price of $1,094.69 and an average price target of $1,352.78 according to analyst ratings.

Rational Advisors Inc. lowered its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 16.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 3,013 shares of the Internet television network's stock after selling 592 shares during the period. Rational Advisors Inc.'s holdings in Netflix were worth $4,035,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Nuveen LLC bought a new stake in Netflix during the first quarter worth approximately $2,385,585,000. Kingstone Capital Partners Texas LLC boosted its stake in shares of Netflix by 343,058.2% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 2,463,876 shares of the Internet television network's stock worth $3,299,450,000 after acquiring an additional 2,463,158 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Netflix by 57.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network's stock worth $3,164,134,000 after acquiring an additional 1,236,251 shares during the last quarter. Amundi lifted its holdings in shares of Netflix by 37.7% during the first quarter. Amundi now owns 2,070,221 shares of the Internet television network's stock valued at $1,898,496,000 after purchasing an additional 567,251 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Netflix by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock valued at $35,433,585,000 after purchasing an additional 509,255 shares during the period. Institutional investors own 80.93% of the company's stock.

Netflix Stock Down 1.7%

Shares of NFLX opened at $1,094.69 on Friday. The business's fifty day moving average price is $1,207.21 and its two-hundred day moving average price is $1,185.28. The firm has a market capitalization of $463.85 billion, a price-to-earnings ratio of 45.73, a PEG ratio of 1.92 and a beta of 1.59. Netflix, Inc. has a 52 week low of $747.77 and a 52 week 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.

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

Insider Transactions at Netflix

In related news, CEO Gregory K. Peters sold 2,026 shares of the business'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 transaction, the chief executive officer owned 12,781 shares in the company, valued at approximately $14,793,240.64. The trade was a 13.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Reed Hastings sold 42,176 shares of the 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 completion of the sale, the director owned 394 shares in the company, valued at approximately $461,736.48. This trade represents a 99.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 104,100 shares of company stock valued at $122,710,980. Corporate insiders own 1.37% of the company's stock.

Analyst Ratings Changes

NFLX has been the topic of several recent analyst reports. Wedbush dropped their price target on Netflix from $1,500.00 to $1,400.00 and set an "outperform" rating on the stock in a research report on Wednesday. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $1,525.00 price target on shares of Netflix in a report on Wednesday. Sanford C. Bernstein restated a "buy" rating on shares of Netflix in a research report on Friday, October 17th. Argus set a $1,410.00 target price on Netflix in a research report on Thursday. Finally, JPMorgan Chase & Co. lowered their price target on shares of Netflix from $1,300.00 to $1,275.00 and set a "neutral" rating on the stock in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average 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.

Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.