Netflix, Inc. $NFLX Shares Sold by Brookstone Capital Management

Key Points

• Brookstone Capital Management has reduced its stake in Netflix by 3.6%, owning 7,308 shares valued at approximately $9.79 million as of its latest SEC filing.
• Insider trading activity includes CEO Gregory K. Peters selling 2,026 shares, marking a 13.68% decrease in his position, while CFO Spencer Adam Neumann sold 2,601 shares, reducing his ownership by 41.34%.
• Netflix reported $5.87 earnings per share (EPS) for its last quarter, falling short of the consensus estimate of $6.88, with revenues of $11.51 billion.

Brookstone Capital Management lowered its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 3.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,308 shares of the Internet television network's stock after selling 276 shares during the quarter. Brookstone Capital Management's holdings in Netflix were worth $9,787,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Netflix by 1.4% during the first quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock worth $35,433,585,000 after purchasing an additional 509,255 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Netflix by 2.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,732,066 shares of the Internet television network's stock worth $10,940,505,000 after purchasing an additional 304,399 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of Netflix by 1.0% in the 1st quarter. Alliancebernstein L.P. now owns 5,194,939 shares of the Internet television network's stock valued at $4,844,436,000 after acquiring an additional 53,611 shares during the period. Invesco Ltd. increased its holdings in shares of Netflix by 8.3% in the 1st quarter. Invesco Ltd. now owns 4,664,818 shares of the Internet television network's stock valued at $4,350,083,000 after acquiring an additional 356,617 shares during the period. Finally, Wellington Management Group LLP increased its holdings in shares of Netflix by 3.5% in the 1st quarter. Wellington Management Group LLP now owns 4,385,666 shares of the Internet television network's stock valued at $4,089,765,000 after acquiring an additional 148,675 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Buying and Selling

In other Netflix news, CEO Gregory K. Peters sold 2,026 shares of the business's stock in a transaction 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 sale, the chief executive officer directly owned 12,781 shares in the company, valued at approximately $14,793,240.64. The trade was a 13.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of the business's 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 sale, the chief financial officer owned 3,691 shares in the company, valued at $4,290,418.40. The trade was 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 worth $122,710,980 in the last ninety days. Insiders own 1.37% of the company's stock.

Netflix Stock Performance

Shares of NFLX opened at $1,116.37 on Thursday. 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 stock has a market capitalization of $474.38 billion, a P/E ratio of 46.63, a P/E/G ratio of 2.09 and a beta of 1.59. The company's fifty day moving average is $1,212.43 and its two-hundred day moving average is $1,182.04. Netflix, Inc. has a 1 year low of $744.26 and a 1 year high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $11.51 billion during the quarter, compared to analyst estimates of $11.52 billion. Netflix had a net margin of 24.05% and a return on equity of 42.45%. The business's quarterly revenue was up 17.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.40 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. On average, sell-side analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on NFLX. Wall Street Zen cut shares of Netflix from a "buy" rating to a "hold" rating in a report on Saturday, October 4th. Robert W. Baird lifted their target price on shares of Netflix from $1,300.00 to $1,500.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Itau BBA Securities began coverage on shares of Netflix in a report on Tuesday, October 7th. They issued an "outperform" rating and a $1,514.00 target price on the stock. JPMorgan Chase & Co. cut their target price 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. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $1,500.00 target price on shares of Netflix in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $1,341.22.

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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