Netflix, Inc. $NFLX Shares Sold by One Wealth Capital Management LLC

Key Points

• One Wealth Capital Management LLC reduced its stake in Netflix, Inc. by 17.8% in the first quarter, holding 1,758 shares worth approximately $1,639,000, making it the fund's 25th largest holding.
• Netflix's recent earnings report indicated a 15.9% year-over-year revenue increase, with an EPS of $7.19, beating analysts' expectations of $7.07.
• Hedge funds and institutional investors now own 80.93% of Netflix's stock, with several funds both increasing and initiating new positions recently.

One Wealth Capital Management LLC lessened its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 17.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,758 shares of the Internet television network's stock after selling 380 shares during the period. Netflix comprises about 0.9% of One Wealth Capital Management LLC's portfolio, making the stock its 25th largest holding. One Wealth Capital Management LLC's holdings in Netflix were worth $1,639,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of NFLX. Vanguard Group Inc. increased its holdings in Netflix by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock worth $35,433,585,000 after acquiring an additional 509,255 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Netflix by 2.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,732,066 shares of the Internet television network's stock worth $10,940,505,000 after buying an additional 304,399 shares during the last quarter. GAMMA Investing LLC raised 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 valued at $8,239,576,000 after acquiring an additional 8,827,662 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Netflix by 8.3% in the first quarter. Invesco Ltd. now owns 4,664,818 shares of the Internet television network's stock worth $4,350,083,000 after acquiring an additional 356,617 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in Netflix by 3.5% in the 1st quarter. Wellington Management Group LLP now owns 4,385,666 shares of the Internet television network's stock valued at $4,089,765,000 after purchasing an additional 148,675 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NFLX has been the subject of a number of recent research reports. Rosenblatt Securities increased their target price on shares of Netflix from $1,514.00 to $1,515.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Wells Fargo & Company upped their price target on Netflix from $1,500.00 to $1,560.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. JPMorgan Chase & Co. boosted their price objective on Netflix from $1,230.00 to $1,300.00 and gave the stock a "neutral" rating in a research note on Friday, July 18th. Wall Street Zen cut shares of Netflix from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, TD Cowen lifted their target price on shares of Netflix from $1,440.00 to $1,450.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $1,297.66.

Netflix Trading Up 0.5%

NASDAQ NFLX traded up $5.86 on Tuesday, reaching $1,214.11. The stock had a trading volume of 2,297,479 shares, compared to its average volume of 2,584,598. Netflix, Inc. has a 12-month low of $660.80 and a 12-month high of $1,341.15. The stock has a fifty day moving average price of $1,228.91 and a two-hundred day moving average price of $1,120.25. The firm has a market capitalization of $515.91 billion, a price-to-earnings ratio of 51.73, a P/E/G ratio of 2.03 and a beta of 1.60. 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 (NASDAQ:NFLX - Get Free Report) last posted its earnings results 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. The firm had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.Netflix's revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the company 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, sell-side analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other Netflix news, CEO Theodore A. Sarandos sold 2,026 shares of the stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the sale, the chief executive officer owned 15,168 shares of the company's stock, valued at $17,604,284.16. This trade represents a 11.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $1,307.22, for a total transaction of $3,400,079.22. Following the completion of the sale, the chief financial officer directly owned 3,691 shares in the company, valued at approximately $4,824,949.02. This trade represents a 41.34% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 93,629 shares of company stock valued at $116,131,982. Corporate insiders own 1.37% of the company's stock.

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.