Netflix, Inc. $NFLX Position Decreased by Sicart Associates LLC

Key Points

• Sicart Associates LLC reduced its holdings in Netflix, Inc. by 2.4% during the second quarter, now owning 16,935 shares valued at approximately $22.7 million.
• Despite the decrease in holdings from some investors, other firms such as Halbert Hargrove Global Advisors and Signature Resources Capital Management significantly increased their positions in Netflix.
• Netflix reported earnings of $7.19 per share for the last quarter, exceeding analyst expectations, and set its guidance for FY 2025 at approximately $6.87 EPS.

Sicart Associates LLC lessened its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 2.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,935 shares of the Internet television network's stock after selling 412 shares during the quarter. Netflix makes up about 7.9% of Sicart Associates LLC's investment portfolio, making the stock its 2nd biggest position. Sicart Associates LLC's holdings in Netflix were worth $22,678,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Halbert Hargrove Global Advisors LLC raised its position in shares of Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after buying an additional 13 shares during the period. Maseco LLP purchased a new position in shares of Netflix in the 2nd quarter worth $39,000. Ransom Advisory Ltd purchased a new position in shares of Netflix in the 2nd quarter worth $47,000. Flaharty Asset Management LLC purchased a new position in shares of Netflix in the 1st quarter worth $37,000. Finally, Signature Resources Capital Management LLC raised its position in shares of Netflix by 740.0% in the 2nd quarter. Signature Resources Capital Management LLC now owns 42 shares of the Internet television network's stock worth $56,000 after buying an additional 37 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Stock Down 0.6%

Shares of Netflix stock opened at $1,198.92 on Wednesday. The business has a 50-day moving average of $1,208.39 and a 200-day moving average of $1,155.85. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. The company has a market capitalization of $509.46 billion, a PE ratio of 51.08, a P/E/G ratio of 2.03 and a beta of 1.60. Netflix, Inc. has a 1-year low of $677.88 and a 1-year high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating the consensus estimate of $7.07 by $0.12. The company 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 company's revenue was up 15.9% on a year-over-year basis. During the same period last year, the firm earned $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, equities analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Activity at Netflix

In other news, CEO Theodore A. Sarandos sold 2,026 shares of the firm's stock in a transaction dated Tuesday, August 5th. The stock was 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 directly owned 15,168 shares in the company, valued at $17,604,284.16. This trade represents a 11.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Cletus R. Willems sold 238 shares of the firm's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total value of $274,537.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 59,324 shares of company stock valued at $70,235,556. 1.37% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on NFLX shares. TD Cowen increased their target price on Netflix from $1,440.00 to $1,450.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Piper Sandler increased their target price on Netflix from $1,400.00 to $1,500.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Sanford C. Bernstein increased their price target on Netflix from $1,200.00 to $1,390.00 and gave the company an "outperform" rating in a report on Thursday, July 17th. Canaccord Genuity Group reiterated a "buy" rating on shares of Netflix in a report on Thursday, July 10th. Finally, Wall Street Zen upgraded Netflix from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $1,334.03.

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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