Netflix, Inc. $NFLX Shares Sold by Caitlin John LLC

Key Points

• Caitlin John LLC has significantly reduced its stake in Netflix, Inc. by 65.1%, now holding 762 shares worth approximately $711,000.
• Multiple hedge funds have altered their positions, with some like Halbert Hargrove Global Advisors increasing their stake by 100%, indicating a mix of investor sentiment towards the stock.
• Netflix recently reported earnings of $7.19 per share, exceeding estimates, with a revenue of $11.08 billion, which reflects a 15.9% year-over-year growth.

Caitlin John LLC lowered its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 65.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 762 shares of the Internet television network's stock after selling 1,423 shares during the period. Caitlin John LLC's holdings in Netflix were worth $711,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in NFLX. Halbert Hargrove Global Advisors LLC increased its position in shares of Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after purchasing an additional 13 shares in the last quarter. Brown Shipley& Co Ltd acquired a new stake in shares of Netflix during the fourth quarter worth about $27,000. Copia Wealth Management acquired a new stake in shares of Netflix during the fourth quarter worth about $37,000. Stuart Chaussee & Associates Inc. increased its position in shares of Netflix by 4,500.0% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after purchasing an additional 45 shares in the last quarter. Finally, Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Netflix during the first quarter worth about $42,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Buying and Selling

In other Netflix news, insider Cletus R. Willems sold 238 shares of Netflix stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $1,153.52, for a total value of $274,537.76. The sale was disclosed in a document filed with the SEC, which is accessible through 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 value of $491,276.08. Following the completion of the sale, the insider directly owned 31,610 shares in the company, valued at $36,625,558.70. This represents a 1.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 146,307 shares of company stock worth $179,443,809 in the last three months. Company insiders own 1.37% of the company's stock.

Analysts Set New Price Targets

NFLX has been the topic of a number of research analyst reports. Cfra Research upgraded Netflix to a "strong-buy" rating in a research report on Monday, April 28th. Rosenblatt Securities lifted their target price on Netflix from $1,514.00 to $1,515.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. BMO Capital Markets restated an "outperform" rating and issued a $1,425.00 price target (up previously from $1,200.00) on shares of Netflix in a research report on Tuesday, July 15th. Oppenheimer boosted their price target on Netflix from $1,200.00 to $1,425.00 and gave the company an "outperform" rating in a research report on Thursday, June 12th. Finally, Jefferies Financial Group restated a "buy" rating on shares of Netflix in a research report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $1,297.66.

Netflix Price Performance

Shares of NFLX opened at $1,204.65 on Friday. Netflix, Inc. has a twelve month low of $660.80 and a twelve month high of $1,341.15. The stock's 50 day moving average is $1,231.41 and its two-hundred day moving average is $1,110.30. The firm has a market capitalization of $511.89 billion, a PE ratio of 51.33, a P/E/G ratio of 2.03 and a beta of 1.59. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating analysts' consensus estimates of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The company had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same quarter in the previous year, the company earned $4.88 EPS. The firm's revenue for the quarter was up 15.9% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

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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