Netflix, Inc. $NFLX Shares Sold by Westmount Partners LLC

Key Points

• Westmount Partners LLC has reduced its stake in Netflix, Inc. by 6.6%, now holding 2,973 shares worth approximately $3.98 million.
• GAMMA Investing LLC dramatically increased its holdings in Netflix by over 109,000%, acquiring nearly 8.84 million shares valued at approximately $8.24 billion.
• Netflix's stock opened at $1,202.26 with a market capitalization of $510.88 billion, following a quarterly earnings report that exceeded analyst expectations.

Westmount Partners LLC decreased its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 6.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,973 shares of the Internet television network's stock after selling 211 shares during the quarter. Netflix accounts for approximately 1.1% of Westmount Partners LLC's investment portfolio, making the stock its 22nd largest holding. Westmount Partners LLC's holdings in Netflix were worth $3,981,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of NFLX. GAMMA Investing LLC lifted its holdings in shares of Netflix by 109,524.3% during the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock worth $8,239,576,000 after purchasing an additional 8,827,662 shares during the period. Nuveen LLC acquired a new stake in shares of Netflix during the first quarter worth about $2,385,585,000. Goldman Sachs Group Inc. lifted its holdings in shares of Netflix by 57.3% during the first quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network's stock worth $3,164,134,000 after purchasing an additional 1,236,251 shares during the period. Amundi lifted its holdings in shares of Netflix by 37.7% during the first quarter. Amundi now owns 2,070,221 shares of the Internet television network's stock worth $1,898,496,000 after purchasing an additional 567,251 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Netflix by 1.4% during the first quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock worth $35,433,585,000 after purchasing an additional 509,255 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Stock Up 1.2%

Netflix stock opened at $1,202.26 on Tuesday. The stock has a market capitalization of $510.88 billion, a PE ratio of 51.23, a price-to-earnings-growth ratio of 2.00 and a beta of 1.60. Netflix, Inc. has a 12 month low of $677.88 and a 12 month high of $1,341.15. The business has a 50 day simple moving average of $1,216.40 and a 200-day simple moving average of $1,135.17. 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 (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating analysts' consensus estimates of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The business had revenue of $11.08 billion during the quarter, compared to analysts' expectations of $11.04 billion. During the same period in the previous year, the business earned $4.88 earnings per share. The business's revenue was up 15.9% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Activity

In related news, Director Reed Hastings sold 25,959 shares of the business's stock in a transaction that occurred on 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 completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Spencer Adam Neumann sold 2,600 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $1,207.76, for a total value of $3,140,176.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 89,348 shares of company stock valued at $109,498,489 in the last three months. Company insiders own 1.37% of the company's stock.

Wall Street Analysts Forecast Growth

NFLX has been the subject of several recent research reports. Robert W. Baird lifted their price target on Netflix from $1,300.00 to $1,500.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. Wedbush reiterated an "outperform" rating and set a $1,500.00 price target (up from $1,400.00) on shares of Netflix in a research report on Monday, July 14th. UBS Group reiterated a "market underperform" rating on shares of Netflix in a research report on Saturday, July 19th. Morgan Stanley reiterated an "equal weight" rating on shares of Netflix in a research report on Monday, July 21st. Finally, Oppenheimer lifted their price target on Netflix from $1,200.00 to $1,425.00 and gave the company an "outperform" rating in a research report on Thursday, June 12th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have assigned a Hold rating and three have given 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 target price 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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