Netflix, Inc. $NFLX Stock Position Reduced by GFG Capital LLC

Key Points

• GFG Capital LLC has decreased its stake in Netflix by 40.7%, selling 5,383 shares and now holding 7,834 shares valued at approximately $10.49 million.
• CEO Theodore A. Sarandos and Director Reed Hastings have sold substantial shares, with Sarandos reducing his position by 11.78% and Hastings by 99.07%.
• Analysts have mixed perspectives on Netflix, with updated price targets ranging from $1,300 to $1,560, and a consensus rating of "Moderate Buy."

GFG Capital LLC cut its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 40.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,834 shares of the Internet television network's stock after selling 5,383 shares during the period. Netflix makes up 3.1% of GFG Capital LLC's holdings, making the stock its 7th biggest holding. GFG Capital LLC's holdings in Netflix were worth $10,491,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of NFLX. Resurgent Financial Advisors LLC raised its stake in shares of Netflix by 234.4% in the 1st quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network's stock valued at $942,000 after acquiring an additional 708 shares during the period. MRA Advisory Group raised its stake in shares of Netflix by 28.4% in the 2nd quarter. MRA Advisory Group now owns 919 shares of the Internet television network's stock valued at $1,231,000 after acquiring an additional 203 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of Netflix by 42.1% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 441,861 shares of the Internet television network's stock valued at $412,059,000 after acquiring an additional 130,946 shares during the period. Sava Infond d.o.o. raised its stake in shares of Netflix by 25.1% in the 2nd quarter. Sava Infond d.o.o. now owns 1,495 shares of the Internet television network's stock valued at $2,002,000 after acquiring an additional 300 shares during the period. Finally, McGlone Suttner Wealth Management Inc. raised its stake in shares of Netflix by 1.4% in the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 989 shares of the Internet television network's stock valued at $1,324,000 after acquiring an additional 14 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Theodore A. Sarandos sold 2,026 shares of the company's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the completion of the transaction, the chief executive officer owned 15,168 shares in the company, valued at approximately $17,604,284.16. This represents a 11.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Reed Hastings sold 42,176 shares of the company's stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total transaction of $49,426,897.92. Following the completion of the transaction, the director owned 394 shares of the company's stock, valued at approximately $461,736.48. The trade was a 99.07% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 104,100 shares of company stock worth $122,710,980. 1.37% of the stock is currently owned by company insiders.

Netflix Trading Up 1.9%

NASDAQ NFLX opened at $1,214.25 on Thursday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 52 week low of $677.88 and a 52 week high of $1,341.15. The stock has a market capitalization of $515.97 billion, a PE ratio of 51.74, a price-to-earnings-growth ratio of 2.00 and a beta of 1.59. The firm has a 50 day moving average of $1,208.18 and a two-hundred day moving average of $1,163.77.

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

Analyst Ratings Changes

NFLX has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their price target on shares of Netflix from $1,500.00 to $1,560.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. BMO Capital Markets restated an "outperform" rating and issued a $1,425.00 price objective (up previously from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. Wall Street Zen cut shares of Netflix from a "buy" rating to a "hold" rating in a report on Saturday, October 4th. The Goldman Sachs Group dropped their price objective on shares of Netflix from $1,310.00 to $1,300.00 and set a "neutral" rating for the company in a report on Tuesday, September 30th. Finally, UBS Group set a $1,425.00 price objective on shares of Netflix in a report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Netflix currently has an average rating of "Moderate Buy" and an average price target of $1,337.63.

Netflix 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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