Plato Investment Management Ltd Sells 347 Shares of Netflix, Inc. $NFLX

Key Points

• Plato Investment Management Ltd reduced its stake in Netflix by 3.1%, owning 11,004 shares valued at approximately $10.37 million, making the stock its 19th largest holding.
• Recent trades by insiders include CEO Theodore A. Sarandos selling 2,026 shares and Director Reed Hastings selling 25,959 shares, reflecting significant decreases in their holdings.
• Netflix's stock has seen target price revisions from various analysts, with Goldman Sachs raising it to $1,140 and JPMorgan to $1,300, while maintaining a “neutral” rating generally.

Plato Investment Management Ltd decreased its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 3.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,004 shares of the Internet television network's stock after selling 347 shares during the quarter. Netflix makes up approximately 0.9% of Plato Investment Management Ltd's holdings, making the stock its 19th largest holding. Plato Investment Management Ltd's holdings in Netflix were worth $10,373,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC lifted its stake in shares of Netflix by 100.0% in the 1st 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 during the period. Brown Shipley& Co Ltd acquired a new position in shares of Netflix in the 4th quarter valued at $27,000. Copia Wealth Management acquired a new position in shares of Netflix in the 4th quarter valued at $37,000. Stuart Chaussee & Associates Inc. lifted its stake in shares of Netflix by 4,500.0% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock valued at $41,000 after purchasing an additional 45 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Netflix in the 1st quarter valued at $42,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NFLX. JPMorgan Chase & Co. increased their price target on Netflix from $1,230.00 to $1,300.00 and gave the company a "neutral" rating in a research note on Friday, July 18th. Citigroup reissued a "neutral" rating and issued a $1,250.00 price target (up previously from $1,020.00) on shares of Netflix in a research note on Thursday, May 29th. Bank of America increased their price target on Netflix from $1,175.00 to $1,490.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Jefferies Financial Group reissued a "buy" rating on shares of Netflix in a research note on Tuesday, August 12th. Finally, The Goldman Sachs Group raised their price objective on Netflix from $1,000.00 to $1,140.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 2nd. One investment 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 given a Sell rating to the company. According to MarketBeat.com, Netflix has a consensus rating of "Moderate Buy" and a consensus target price of $1,317.58.

Netflix Trading Down 1.3%

Netflix stock traded down $15.06 during mid-day trading on Friday, hitting $1,188.44. 3,778,934 shares of the company's stock were exchanged, compared to its average volume of 2,525,736. The firm has a market capitalization of $505.00 billion, a P/E ratio of 50.64, a PEG ratio of 2.03 and a beta of 1.60. Netflix, Inc. has a fifty-two week low of $677.88 and a fifty-two week high of $1,341.15. 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 simple moving average is $1,218.15 and its 200-day simple moving average is $1,132.43.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm's revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the business posted $4.88 EPS. 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 earnings per share for the current year.

Insider Transactions at Netflix

In other Netflix news, CEO Gregory K. Peters sold 2,026 shares of the stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the completion of the transaction, the chief executive officer owned 12,781 shares in the company, valued at approximately $14,793,240.64. This represents a 13.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $1,162.40, for a total value of $3,023,402.40. Following the transaction, the chief financial officer owned 3,691 shares of the company's stock, valued at approximately $4,290,418.40. This trade represents a 41.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 89,348 shares of company stock worth $109,498,489 in the last 90 days. Company 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.