Netflix, Inc. $NFLX Shares Sold by Davidson Investment Advisors

Key Points

• Davidson Investment Advisors reduced its stake in Netflix by 15.0% in Q2, now holding 27,223 shares valued at approximately $36.5 million.
• Netflix's recent earnings report showed $7.19 earnings per share for the quarter, surpassing analyst expectations of $7.07, with revenue increasing by 15.9% year-over-year.
• Several analysts have raised their price targets for Netflix, with the average target now set at $1,337.63, indicating a strong consensus rating of "Moderate Buy."

Davidson Investment Advisors trimmed its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 15.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,223 shares of the Internet television network's stock after selling 4,792 shares during the quarter. Netflix makes up about 1.6% of Davidson Investment Advisors' holdings, making the stock its 13th biggest position. Davidson Investment Advisors' holdings in Netflix were worth $36,455,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Optima Capital LLC raised its stake in Netflix by 3.5% during the 2nd quarter. Optima Capital LLC now owns 239 shares of the Internet television network's stock valued at $320,000 after acquiring an additional 8 shares during the last quarter. Unified Investment Management grew its stake in shares of Netflix by 1.7% in the 2nd quarter. Unified Investment Management now owns 474 shares of the Internet television network's stock valued at $635,000 after purchasing an additional 8 shares during the last quarter. Plancorp LLC increased its holdings in shares of Netflix by 0.6% in the second quarter. Plancorp LLC now owns 1,278 shares of the Internet television network's stock valued at $1,711,000 after purchasing an additional 8 shares during the period. Five Oceans Advisors raised its stake in shares of Netflix by 1.1% during the second quarter. Five Oceans Advisors now owns 751 shares of the Internet television network's stock worth $1,006,000 after purchasing an additional 8 shares during the last quarter. Finally, Old Port Advisors lifted its holdings in shares of Netflix by 1.3% during the second quarter. Old Port Advisors now owns 624 shares of the Internet television network's stock worth $836,000 after purchasing an additional 8 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Trading Down 0.3%

Shares of Netflix stock opened at $1,215.35 on Wednesday. The company has a 50-day moving average of $1,213.15 and a two-hundred day moving average of $1,172.10. Netflix, Inc. has a 12-month low of $677.88 and a 12-month 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 stock has a market cap of $516.43 billion, a PE ratio of 51.78, a price-to-earnings-growth ratio of 2.05 and a beta of 1.59.

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

Insider Buying and Selling at Netflix

In other Netflix news, CFO Spencer Adam Neumann sold 2,601 shares of the firm's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $1,162.40, for a total transaction of $3,023,402.40. Following the completion of the transaction, the chief financial officer directly owned 3,691 shares in the company, valued at approximately $4,290,418.40. This trade represents a 41.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider David A. Hyman sold 424 shares of the company's stock in a transaction dated 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 sale, the insider directly owned 31,610 shares in the company, 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 ninety days, insiders have sold 104,100 shares of company stock worth $122,710,980. Insiders own 1.37% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. KeyCorp boosted their price objective on shares of Netflix from $1,070.00 to $1,390.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Itau BBA Securities assumed coverage on shares of Netflix in a research note on Tuesday, October 7th. They set an "outperform" rating and a $1,514.00 price target on the stock. UBS Group set a $1,425.00 price objective on shares of Netflix in a research report on Tuesday, October 7th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $1,425.00 price objective (up previously from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of Netflix in a research report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Netflix has a consensus rating of "Moderate Buy" and an average target price of $1,337.63.

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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