OMERS ADMINISTRATION Corp Lowers Holdings in Netflix, Inc. $NFLX

Key Points

• OMERS ADMINISTRATION Corp reduced its stake in Netflix by 3.0% in the first quarter, holding shares worth approximately $23.59 million after selling 793 shares.
• Several hedge funds increased their positions in Netflix, with GAMMA Investing LLC significantly raising its stake by over 109,524%, now owning about 8.84 million shares worth $8.24 billion.
• Netflix reported $7.19 EPS for the last quarter, exceeding estimates, with a year-on-year revenue increase of 15.9% to $11.08 billion.

OMERS ADMINISTRATION Corp trimmed its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 3.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,297 shares of the Internet television network's stock after selling 793 shares during the period. OMERS ADMINISTRATION Corp's holdings in Netflix were worth $23,590,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC lifted its holdings in Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after purchasing an additional 13 shares in the last quarter. Brown Shipley& Co Ltd purchased a new position in shares of Netflix in the fourth quarter worth about $27,000. Copia Wealth Management purchased a new position in shares of Netflix in the fourth quarter worth about $37,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Netflix in the first quarter worth about $42,000. Finally, Stuart Chaussee & Associates Inc. lifted its stake in shares of Netflix by 4,500.0% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after buying an additional 45 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Theodore A. Sarandos sold 2,026 shares of Netflix stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the completion of the sale, the chief executive officer directly owned 15,168 shares in the company, valued at $17,604,284.16. This trade represents a 11.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Cletus R. Willems sold 238 shares of Netflix stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total transaction of $274,537.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 123,163 shares of company stock valued at $151,917,174. 1.37% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Oppenheimer raised their price target on shares of Netflix from $1,200.00 to $1,425.00 and gave the stock an "outperform" rating in a research note on Thursday, June 12th. Robert W. Baird raised their price target on shares of Netflix from $1,300.00 to $1,500.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. Barclays reissued 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. KeyCorp raised their price target on shares of Netflix from $1,070.00 to $1,390.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Finally, Canaccord Genuity Group restated a "buy" rating on shares of Netflix in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $1,297.66.

Netflix Trading Down 1.9%

Netflix stock traded down $23.20 during midday trading on Friday, hitting $1,208.25. 3,206,585 shares of the stock were exchanged, compared to its average volume of 2,730,890. Netflix, Inc. has a fifty-two week low of $660.80 and a fifty-two week high of $1,341.15. The stock has a market capitalization of $513.42 billion, a price-to-earnings ratio of 51.48, a PEG ratio of 2.03 and a beta of 1.59. The stock's 50-day simple moving average is $1,231.11 and its 200 day simple moving average is $1,118.03. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (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 firm had revenue of $11.08 billion during the quarter, compared to analysts' expectations of $11.04 billion. During the same period last year, the business earned $4.88 earnings per share. Netflix'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, equities analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

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.