Netflix, Inc. $NFLX Shares Sold by Fort Washington Investment Advisors Inc. OH

Key Points

• Fort Washington Investment Advisors Inc. OH reduced its stake in Netflix by 25.2%, selling 18,327 shares and retaining 54,310 shares valued at approximately $72.7 million.
• Several institutional investors have increased their positions in Netflix, with Resurgent Financial Advisors LLC raising its stake by 234.4% during the first quarter.
• Netflix reported $7.19 EPS in its latest earnings, beating estimates and marking a 15.9% increase in revenue year-over-year, with the stock trading around $1,210.61.

Fort Washington Investment Advisors Inc. OH trimmed its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 25.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 54,310 shares of the Internet television network's stock after selling 18,327 shares during the period. Fort Washington Investment Advisors Inc. OH's holdings in Netflix were worth $72,728,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Resurgent Financial Advisors LLC raised its position in shares of Netflix by 234.4% during the 1st quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network's stock worth $942,000 after purchasing an additional 708 shares during the last quarter. MRA Advisory Group raised its position in shares of Netflix by 28.4% during the 2nd quarter. MRA Advisory Group now owns 919 shares of the Internet television network's stock worth $1,231,000 after purchasing an additional 203 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of Netflix by 42.1% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 441,861 shares of the Internet television network's stock worth $412,059,000 after purchasing an additional 130,946 shares during the last quarter. McGlone Suttner Wealth Management Inc. raised its position in shares of Netflix by 1.4% during the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 989 shares of the Internet television network's stock worth $1,324,000 after purchasing an additional 14 shares during the last quarter. Finally, New England Research & Management Inc. raised its holdings in Netflix by 148.5% in the 1st quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network's stock valued at $1,979,000 after acquiring an additional 1,268 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Stock Performance

NASDAQ:NFLX opened at $1,210.61 on Friday. The stock has a market cap of $514.42 billion, a P/E ratio of 51.58, a PEG ratio of 2.04 and a beta of 1.60. The firm has a 50-day moving average of $1,208.75 and a two-hundred day moving average of $1,151.70. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. Netflix, Inc. has a 1-year low of $677.88 and a 1-year high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $7.07 by $0.12. The business 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 revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the business 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 expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on NFLX shares. Wall Street Zen upgraded Netflix from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. Phillip Securities downgraded Netflix from a "hold" rating to a "strong sell" rating in a report on Monday, July 21st. Oppenheimer upped their price objective on Netflix from $1,200.00 to $1,425.00 and gave the stock an "outperform" rating in a report on Thursday, June 12th. Robert W. Baird upped their price objective on Netflix from $1,300.00 to $1,500.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Finally, The Goldman Sachs Group upped their price objective on Netflix from $1,000.00 to $1,140.00 and gave the stock a "neutral" rating in a report on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Netflix presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,328.87.

Insider Activity

In related news, CEO Gregory K. Peters sold 2,026 shares of the stock in a transaction dated 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 owned 12,781 shares in the company, valued at $14,793,240.64. This represents a 13.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,600 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $1,207.76, for a total transaction of $3,140,176.00. Following the sale, the chief financial officer owned 3,691 shares in the company, valued at approximately $4,457,842.16. This trade represents a 41.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 88,728 shares of company stock valued at $108,700,648 over the last quarter. Corporate 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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