Netflix, Inc. $NFLX Shares Sold by BloombergSen Inc.

Key Points

• Shares Sold: BloombergSen Inc. reduced its stake in Netflix by 1.3%, selling 465 shares and holding now 35,366 shares valued at approximately $47.36 million.
• Analyst Ratings: Analysts have increased their target prices for Netflix, with Robert W. Baird raising it from $1,300 to $1,500, while Wells Fargo lifted theirs from $1,500 to $1,560, reflecting positive sentiment.
• Quarterly Earnings: Netflix reported a quarterly EPS of $7.19, exceeding analyst estimates and showing a 15.9% revenue growth compared to the previous year.

BloombergSen Inc. lessened its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 1.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 35,366 shares of the Internet television network's stock after selling 465 shares during the period. Netflix comprises about 2.9% of BloombergSen Inc.'s portfolio, making the stock its 13th largest holding. BloombergSen Inc.'s holdings in Netflix were worth $47,360,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of NFLX. Halbert Hargrove Global Advisors LLC lifted its stake in Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after buying an additional 13 shares in the last quarter. Maseco LLP acquired a new stake in shares of Netflix during the second quarter valued at approximately $39,000. Ransom Advisory Ltd purchased a new stake in shares of Netflix in the 2nd quarter valued at approximately $47,000. Flaharty Asset Management LLC acquired a new position in Netflix in the 1st quarter worth approximately $37,000. Finally, Signature Resources Capital Management LLC grew its position in Netflix by 740.0% during the 2nd quarter. Signature Resources Capital Management LLC now owns 42 shares of the Internet television network's stock worth $56,000 after purchasing an additional 37 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Robert W. Baird increased their target price on Netflix from $1,300.00 to $1,500.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Jefferies Financial Group reissued a "buy" rating on shares of Netflix in a research note on Thursday, September 11th. Oppenheimer lifted their target price on Netflix from $1,200.00 to $1,425.00 and gave the company an "outperform" rating in a research note on Thursday, June 12th. Rosenblatt Securities increased their price target on shares of Netflix from $1,514.00 to $1,515.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Finally, Wells Fargo & Company boosted their price objective on shares of Netflix from $1,500.00 to $1,560.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $1,334.03.

Netflix Stock Down 2.3%

NFLX opened at $1,170.90 on Thursday. The firm has a market cap of $497.55 billion, a P/E ratio of 49.89, a price-to-earnings-growth ratio of 2.02 and a beta of 1.59. 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 business has a 50 day moving average price of $1,208.27 and a 200 day moving average price of $1,155.95. 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 released its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating analysts' consensus estimates of $7.07 by $0.12. The company 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 company's quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter last 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. Research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Transactions at Netflix

In other news, CEO Theodore A. Sarandos 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 $1,160.62, for a total transaction of $2,351,416.12. Following the completion of the transaction, the chief executive officer directly owned 15,168 shares in the company, valued at $17,604,284.16. The trade was a 11.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Cletus R. Willems sold 238 shares of the firm's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $1,153.52, for a total transaction of $274,537.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 59,324 shares of company stock worth $70,235,556. Insiders own 1.37% of the company's stock.

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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