Netflix, Inc. $NFLX Shares Sold by Retireful LLC

Key Points

• Retireful LLC has reduced its stake in Netflix, Inc. by 26.4%, owning now 1,035 shares valued at approximately $1.39 million.
• Analysts are generally optimistic, with BMO Capital Markets and Wells Fargo raising their price targets to $1,425 and $1,560, respectively, despite a few downgrades.
• Netflix reported strong earnings of $7.19 EPS, exceeding expectations and showing a year-over-year revenue increase of 15.9%.

Retireful LLC decreased its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 26.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,035 shares of the Internet television network's stock after selling 372 shares during the period. Netflix comprises about 1.0% of Retireful LLC's investment portfolio, making the stock its 27th biggest holding. Retireful LLC's holdings in Netflix were worth $1,386,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Halbert Hargrove Global Advisors LLC grew its stake in Netflix by 100.0% during 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 during the last quarter. Copia Wealth Management bought a new stake in shares of Netflix during the fourth quarter valued at approximately $37,000. Flaharty Asset Management LLC bought a new stake in shares of Netflix during the first quarter valued at approximately $37,000. Maseco LLP bought a new stake in shares of Netflix during the second quarter valued at approximately $39,000. Finally, Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Netflix during the first quarter valued at approximately $42,000. Institutional investors own 80.93% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on NFLX shares. BMO Capital Markets reaffirmed an "outperform" rating and set a $1,425.00 price target (up previously from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. Wells Fargo & Company lifted their price target on Netflix from $1,500.00 to $1,560.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Seaport Res Ptn cut Netflix from a "strong-buy" rating to a "hold" rating in a report on Sunday, July 6th. Piper Sandler raised their price objective on shares of Netflix from $1,400.00 to $1,500.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Finally, TD Cowen raised their price objective on shares of Netflix from $1,440.00 to $1,450.00 and gave the company a "buy" rating in a research note on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $1,328.87.

Insiders Place Their Bets

In related news, CFO Spencer Adam Neumann sold 2,600 shares of Netflix 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 transaction, the chief financial officer owned 3,691 shares in the company, valued at $4,457,842.16. This trade represents a 41.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Reed Hastings sold 25,959 shares of the business's stock in a transaction dated 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. The trade was a 98.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 88,728 shares of company stock worth $108,700,648 in the last 90 days. 1.37% of the stock is owned by corporate insiders.

Netflix Trading Down 1.2%

NASDAQ NFLX opened at $1,203.95 on Thursday. Netflix, Inc. has a twelve month low of $677.88 and a twelve month high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a market cap of $511.59 billion, a price-to-earnings ratio of 51.30, a PEG ratio of 2.05 and a beta of 1.60. The firm's 50 day moving average price is $1,210.04 and its two-hundred day moving average price is $1,145.57.

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 company had revenue of $11.08 billion during 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 last 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. Equities analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current 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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