Clare Market Investments LLC Has $18.61 Million Position in Netflix, Inc. $NFLX

Key Points

• Clare Market Investments LLC reduced its position in Netflix by 6.3% during the second quarter, now owning 13,896 shares valued at approximately $18.6 million.
• Insider transactions revealed that Netflix CEO Gregory K. Peters sold over 2,000 shares for approximately $2.34 million, lowering his ownership by 13.68%.
• Netflix reported $7.19 earnings per share in its latest quarterly earnings, exceeding analysts' expectations, while the stock is currently trading around $1,207.78.

Clare Market Investments LLC lowered its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 6.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,896 shares of the Internet television network's stock after selling 927 shares during the quarter. Netflix makes up approximately 4.1% of Clare Market Investments LLC's holdings, making the stock its 5th biggest holding. Clare Market Investments LLC's holdings in Netflix were worth $18,609,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fullcircle Wealth LLC lifted its holdings in shares of Netflix by 2.5% during the 1st quarter. Fullcircle Wealth LLC now owns 369 shares of the Internet television network's stock valued at $344,000 after acquiring an additional 9 shares in the last quarter. Capital Analysts LLC raised its position in shares of Netflix by 0.3% during the 1st quarter. Capital Analysts LLC now owns 2,620 shares of the Internet television network's stock worth $2,443,000 after purchasing an additional 9 shares during the period. Enterprise Financial Services Corp increased its position in Netflix by 1.8% in the 1st quarter. Enterprise Financial Services Corp now owns 505 shares of the Internet television network's stock valued at $471,000 after acquiring an additional 9 shares during the period. Sunpointe LLC increased its stake in shares of Netflix by 1.4% during the second quarter. Sunpointe LLC now owns 644 shares of the Internet television network's stock valued at $862,000 after acquiring an additional 9 shares during the period. Finally, Continuum Wealth Advisors LLC grew its stake in shares of Netflix by 4.4% in the 1st quarter. Continuum Wealth Advisors LLC now owns 235 shares of the Internet television network's stock worth $219,000 after purchasing an additional 10 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on NFLX shares. Piper Sandler boosted 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 report on Friday, July 18th. Wells Fargo & Company lifted their price objective on Netflix from $1,500.00 to $1,560.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Robert W. Baird lifted their target price on shares of Netflix from $1,300.00 to $1,500.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Needham & Company LLC restated a "buy" rating and set a $1,500.00 target price on shares of Netflix in a research report on Wednesday, September 10th. Finally, Barclays reaffirmed a "sell" rating and issued a $1,100.00 price target (up from $1,000.00) on shares of Netflix in a research note on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Netflix presently has a consensus rating of "Moderate Buy" and an average target price of $1,328.87.

Netflix Stock Performance

Shares of NASDAQ NFLX traded up $19.19 during midday trading on Friday, hitting $1,226.97. 4,943,369 shares of the company's stock were exchanged, compared to its average volume of 2,658,717. 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 company's 50 day moving average price is $1,212.49 and its 200 day moving average price is $1,139.63. Netflix, Inc. has a 12 month low of $677.88 and a 12 month high of $1,341.15. The firm has a market capitalization of $521.38 billion, a PE ratio of 52.28, a price-to-earnings-growth ratio of 2.03 and a beta of 1.60.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.07 by $0.12. The company had revenue of $11.08 billion during the quarter, compared to analysts' expectations of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The business's revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Spencer Adam Neumann sold 2,601 shares of the firm's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $1,162.40, for a total transaction of $3,023,402.40. Following the completion of the transaction, the chief financial officer directly owned 3,691 shares in the company, valued at $4,290,418.40. This trade represents a 41.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Reed Hastings sold 25,959 shares of Netflix 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 of the company's stock, valued at approximately $475,837.74. This trade represents a 98.50% 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 quarter. 1.37% of the stock is currently owned by company insiders.

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.