Netflix, Inc. $NFLX Shares Sold by NatWest Group plc

Key Points

• NatWest Group plc has reduced its stake in Netflix by 30.9%, now holding 14,360 shares valued at approximately $13.39 million, representing 3.9% of its total holdings.
• Netflix reported a 15.9% year-over-year revenue growth with quarterly earnings of $7.19 per share, beating estimates, and has set FY 2025 guidance for EPS.
• Insider sales have increased, with CEO Theodore A. Sarandos selling 2,026 shares and Director Reed Hastings selling 25,959 shares in recent transactions, highlighting a decrease in insider ownership.

NatWest Group plc decreased its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 30.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,360 shares of the Internet television network's stock after selling 6,411 shares during the quarter. Netflix comprises approximately 3.9% of NatWest Group plc's holdings, making the stock its 11th largest position. NatWest Group plc's holdings in Netflix were worth $13,391,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Halbert Hargrove Global Advisors LLC lifted 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 buying an additional 13 shares during the period. Brown Shipley& Co Ltd acquired a new stake in shares of Netflix during the fourth quarter worth $27,000. Copia Wealth Management acquired a new stake in shares of Netflix during the fourth quarter worth $37,000. Stuart Chaussee & Associates Inc. raised 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 during the period. Finally, Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Netflix during the first quarter worth $42,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Stock Up 2.6%

NASDAQ:NFLX opened at $1,257.48 on Friday. The firm has a market capitalization of $534.34 billion, a price-to-earnings ratio of 53.58, a PEG ratio of 2.06 and a beta of 1.60. 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 business's fifty day moving average price is $1,226.94 and its 200 day moving average price is $1,122.36.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating the consensus estimate of $7.07 by $0.12. The firm had revenue of $11.08 billion for 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%.Netflix's quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the firm earned $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, sell-side analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Netflix news, CEO Theodore A. Sarandos sold 2,026 shares of the company's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the transaction, the chief executive officer directly owned 15,168 shares of the company's stock, valued at $17,604,284.16. This represents a 11.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Reed Hastings sold 25,959 shares of the company's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $1,207.71, for a total value of $31,350,943.89. Following the completion of the transaction, the director directly owned 394 shares in the company, valued at approximately $475,837.74. The trade was a 98.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 89,348 shares of company stock valued at $109,498,489 over the last ninety days. Corporate insiders own 1.37% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NFLX. Wall Street Zen lowered Netflix from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Morgan Stanley reaffirmed an "equal weight" rating on shares of Netflix in a research report on Monday, July 21st. Wells Fargo & Company boosted their target price on Netflix from $1,500.00 to $1,560.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. The Goldman Sachs Group boosted their target price on Netflix from $1,000.00 to $1,140.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 2nd. Finally, Wolfe Research set a $1,340.00 target price on Netflix and gave the stock an "outperform" rating in a research report on Friday, May 16th. One equities research 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 issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,317.58.

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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