New England Research & Management Inc. Cuts Holdings in Netflix, Inc. $NFLX

Key Points

• New England Research & Management Inc. reduced its stake in Netflix by 35.9%, owning 1,361 shares valued at $1,823,000 after selling 761 shares in the second quarter.
• Other institutional investors, including Fiduciary Alliance LLC and First Bank & Trust, increased their stakes in Netflix by 36.2% and 11.7% respectively during the same period.
• Netflix reported earnings of $7.19 EPS for the last quarter, exceeding expectations, with a revenue of $11.08 billion, indicating a 15.9% increase year-over-year.

New England Research & Management Inc. lowered its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 35.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,361 shares of the Internet television network's stock after selling 761 shares during the period. New England Research & Management Inc.'s holdings in Netflix were worth $1,823,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Fiduciary Alliance LLC increased its stake in shares of Netflix by 36.2% during the second quarter. Fiduciary Alliance LLC now owns 5,217 shares of the Internet television network's stock worth $6,987,000 after purchasing an additional 1,388 shares in the last quarter. First Bank & Trust increased its stake in shares of Netflix by 11.7% during the second quarter. First Bank & Trust now owns 2,144 shares of the Internet television network's stock worth $2,871,000 after purchasing an additional 225 shares in the last quarter. Market Street Wealth Management Advisors LLC purchased a new stake in shares of Netflix during the second quarter worth about $271,000. Shore Point Advisors LLC purchased a new stake in shares of Netflix during the second quarter worth about $225,000. Finally, PPS&V Asset Management Consultants Inc. purchased a new stake in shares of Netflix during the second quarter worth about $271,000. Hedge funds and other institutional investors own 80.93% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NFLX. Citigroup reissued a "neutral" rating and set a $1,250.00 target price (up previously from $1,020.00) on shares of Netflix in a research note on Thursday, May 29th. Wall Street Zen raised shares of Netflix from a "hold" rating to a "buy" rating in a research note on Saturday. Phillip Securities cut shares of Netflix from a "hold" rating to a "strong sell" rating in a research note on Monday, July 21st. Piper Sandler upped 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, JPMorgan Chase & Co. upped their price objective on shares of Netflix from $1,230.00 to $1,300.00 and gave the company a "neutral" rating in a research note on Friday, July 18th. One 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 assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $1,317.58.

Netflix Stock Performance

Shares of NFLX stock opened at $1,202.26 on Tuesday. The firm's 50 day moving average price is $1,216.40 and its 200-day moving average price is $1,135.17. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. Netflix, Inc. has a one year low of $677.88 and a one year high of $1,341.15. The firm has a market cap of $510.88 billion, a P/E ratio of 51.23, a P/E/G ratio of 2.00 and a beta of 1.60.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results 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 for 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 firm's quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the business earned $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, equities research analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Buying and Selling

In related news, CFO Spencer Adam Neumann sold 2,600 shares of the 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 directly owned 3,691 shares of the company's stock, valued at $4,457,842.16. This trade represents a 41.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider David A. Hyman sold 424 shares of the stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the completion of the transaction, the insider directly owned 31,610 shares in the company, valued at $36,625,558.70. This trade represents a 1.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 89,348 shares of company stock worth $109,498,489. Corporate insiders own 1.37% of the company's stock.

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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