Netflix, Inc. $NFLX Position Lessened by SSA Swiss Advisors AG

Key Points

• SSA Swiss Advisors AG has reduced its holdings in Netflix, Inc. by 29.2% in the second quarter, leaving it with 2,487 shares which are now approximately 1.6% of its portfolio.
• Insider sales include CEO Gregory K. Peters who sold 2,026 shares, resulting in a 13.68% decrease in his ownership, while total insider sales over the last quarter reached $122.7 million.
• Netflix's latest quarterly earnings report revealed an EPS of $5.87, which missed analysts' consensus of $6.88, despite a year-over-year revenue increase of 17.2%.

SSA Swiss Advisors AG trimmed its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 29.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,487 shares of the Internet television network's stock after selling 1,025 shares during the period. Netflix comprises approximately 1.6% of SSA Swiss Advisors AG's portfolio, making the stock its 26th biggest holding. SSA Swiss Advisors AG's holdings in Netflix were worth $3,330,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Stephens Consulting LLC raised its holdings in Netflix by 150.0% during the second quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network's stock valued at $33,000 after buying an additional 15 shares in the last quarter. Flaharty Asset Management LLC acquired a new stake in shares of Netflix in the first quarter valued at about $37,000. Maseco LLP acquired a new stake in shares of Netflix in the second quarter valued at about $39,000. LGT Financial Advisors LLC acquired a new stake in shares of Netflix in the second quarter valued at about $40,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Netflix in the first quarter valued at about $42,000. 80.93% of the stock is currently owned by institutional investors.

Insider Activity

In other Netflix news, CEO Gregory K. Peters sold 2,026 shares of the firm's stock in a transaction dated 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 $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 Securities & Exchange Commission, which is available at this link. Also, insider David A. Hyman sold 424 shares of Netflix stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the completion of the transaction, the insider owned 31,610 shares of the company's stock, valued at $36,625,558.70. This trade represents a 1.32% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 104,100 shares of company stock valued at $122,710,980. 1.37% of the stock is owned by company insiders.

Netflix Stock Down 1.7%

NFLX stock opened at $1,094.69 on Friday. Netflix, Inc. has a twelve month low of $747.77 and a twelve month high of $1,341.15. The company has a market cap of $463.85 billion, a PE ratio of 45.73, a price-to-earnings-growth ratio of 1.92 and a beta of 1.59. The business's 50-day simple moving average is $1,207.21 and its 200 day simple moving average is $1,185.28. The company has a quick ratio of 1.34, a current ratio of 1.33 and a debt-to-equity ratio of 0.56.

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

Analyst Upgrades and Downgrades

NFLX has been the topic of several research analyst reports. BMO Capital Markets reaffirmed an "outperform" rating and issued a $1,425.00 price target (up from $1,200.00) on shares of Netflix in a research report on Tuesday, July 15th. Pivotal Research reaffirmed a "buy" rating on shares of Netflix in a research report on Thursday, July 10th. Wells Fargo & Company lowered their price target on Netflix from $1,560.00 to $1,510.00 and set an "overweight" rating on the stock in a research report on Wednesday. Morgan Stanley set a $1,500.00 price target on Netflix in a research report on Monday, October 13th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Netflix in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Netflix currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,352.78.

About Netflix

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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