Netflix, Inc. $NFLX Shares Sold by Lbp Am Sa

Key Points

• Lbp Am Sa reduced its stake in Netflix by 6.6% in the second quarter, ending with 15,597 shares valued at approximately $20.89 million.
• Analysts have issued mixed ratings on Netflix, with a current consensus rating of "Moderate Buy" and a consensus price target of $1,334.03.
• Insider trading activity was notable, with CFO Spencer Neumann selling 2,600 shares valued at over $3.14 million, reflecting a 41.33% decrease in his position.

Lbp Am Sa trimmed its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 6.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,597 shares of the Internet television network's stock after selling 1,110 shares during the quarter. Lbp Am Sa's holdings in Netflix were worth $20,886,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in NFLX. Halbert Hargrove Global Advisors LLC grew its holdings in Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after buying an additional 13 shares in the last quarter. Maseco LLP bought a new position in Netflix in the 2nd quarter worth approximately $39,000. Ransom Advisory Ltd bought a new position in Netflix in the 2nd quarter worth approximately $47,000. Flaharty Asset Management LLC bought a new position in Netflix in the 1st quarter worth approximately $37,000. Finally, Signature Resources Capital Management LLC grew its holdings in Netflix by 740.0% in the 2nd quarter. Signature Resources Capital Management LLC now owns 42 shares of the Internet television network's stock worth $56,000 after buying an additional 37 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NFLX. Seaport Res Ptn lowered Netflix from a "strong-buy" rating to a "hold" rating in a report on Sunday, July 6th. Barclays reissued 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. Rosenblatt Securities increased their price target on Netflix from $1,514.00 to $1,515.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Wall Street Zen raised Netflix from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. Finally, BMO Capital Markets reaffirmed an "outperform" rating and set a $1,425.00 price target (up from $1,200.00) on shares of Netflix in a research note on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,334.03.

Insider Buying and Selling at Netflix

In other news, insider Cletus R. Willems sold 238 shares of the stock in a transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Spencer Adam Neumann sold 2,600 shares of the stock in a transaction 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 of the company's stock, valued at $4,457,842.16. The trade was a 41.33% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 59,324 shares of company stock worth $70,235,556. 1.37% of the stock is owned by insiders.

Netflix Stock Performance

NFLX opened at $1,198.92 on Wednesday. The firm has a market cap of $509.46 billion, a PE ratio of 51.08, a P/E/G ratio of 2.03 and a beta of 1.60. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. The business has a fifty day simple moving average of $1,208.39 and a 200-day simple moving average of $1,155.85. Netflix, Inc. has a fifty-two week low of $677.88 and a fifty-two week high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping the consensus estimate of $7.07 by $0.12. The business had revenue of $11.08 billion during the quarter, compared to analyst estimates 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 period last year, the company posted $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, equities analysts predict that Netflix, Inc. will post 24.58 EPS 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.

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