Concentric Capital Strategies LP Has $8.04 Million Stock Position in Netflix, Inc. $NFLX

Key Points

• Concentric Capital Strategies LP reduced its stake in Netflix, Inc. by 29.9%, selling 3,671 shares, while other investors such as Concorde Asset Management LLC increased their holdings significantly during the same period.
• Netflix reported $7.19 EPS in its latest earnings, exceeding analysts' expectations, with revenue of $11.08 billion, reflecting a 15.9% increase year-over-year.
• Analysts have mixed perspectives on Netflix, with price targets ranging from $1,250.00 to $1,500.00, while the consensus rating stands at a "Moderate Buy."

Concentric Capital Strategies LP decreased its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 29.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,619 shares of the Internet television network's stock after selling 3,671 shares during the period. Netflix makes up approximately 0.8% of Concentric Capital Strategies LP's holdings, making the stock its 22nd biggest position. Concentric Capital Strategies LP's holdings in Netflix were worth $8,037,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC boosted its holdings in shares of Netflix by 100.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after acquiring an additional 13 shares in the last quarter. Brown Shipley& Co Ltd bought a new position in shares of Netflix in the fourth quarter valued at approximately $27,000. Copia Wealth Management bought a new position in shares of Netflix in the fourth quarter valued at approximately $37,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Netflix in the first quarter valued at approximately $42,000. Finally, Stuart Chaussee & Associates Inc. boosted its holdings in shares of Netflix by 4,500.0% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock valued at $41,000 after acquiring an additional 45 shares in the last quarter. Institutional investors own 80.93% of the company's stock.

Insider Buying and Selling

In other Netflix news, CFO Spencer Adam Neumann sold 2,600 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $1,207.76, for a total value of $3,140,176.00. Following the completion of the sale, the chief financial officer owned 3,691 shares in the company, valued at $4,457,842.16. This represents a 41.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Reed Hastings sold 25,959 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $1,207.71, for a total transaction of $31,350,943.89. Following the transaction, the director owned 394 shares in the company, valued at approximately $475,837.74. This trade represents a 98.50% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 89,348 shares of company stock worth $109,498,489. Insiders own 1.37% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on NFLX shares. Pivotal Research reiterated a "buy" rating on shares of Netflix in a report on Thursday, July 10th. Barclays reiterated a "sell" rating and issued a $1,100.00 price objective (up from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. Robert W. Baird raised their target price on shares of Netflix from $1,300.00 to $1,500.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Wolfe Research set a $1,340.00 target price on shares of Netflix and gave the stock an "outperform" rating in a report on Friday, May 16th. Finally, KeyCorp raised their target price on shares of Netflix from $1,070.00 to $1,390.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $1,317.58.

Netflix Stock Down 1.1%

NFLX stock traded down $13.66 during midday trading on Friday, reaching $1,243.82. The company had a trading volume of 2,378,410 shares, compared to its average volume of 2,541,951. Netflix, Inc. has a 1 year low of $660.80 and a 1 year high of $1,341.15. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $528.54 billion, a P/E ratio of 53.00, a PEG ratio of 2.09 and a beta of 1.60. The company has a 50 day moving average of $1,225.36 and a two-hundred day moving average of $1,124.35.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter in the prior year, the firm earned $4.88 EPS. The company's revenue 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. On average, equities research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal 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.