Resolute Advisors LLC Sells 376 Shares of Netflix, Inc. $NFLX

Key Points

• Resolute Advisors LLC drastically reduced its stake in Netflix, Inc. by 92.2%, holding only 32 shares valued at $30,000 after selling 376 shares in the first quarter.
• Institutional investors like GAMMA Investing LLC and Goldman Sachs have made significant changes to their Netflix positions, with GAMMA boosting its stake by over 109,000% and Goldman Sachs increasing its holdings by 57.3%.
• Netflix reported earnings of $7.19 per share for the last quarter, surpassing estimates, with a revenue growth of 15.9% year-over-year, reflecting a strong demand for its streaming services.

Resolute Advisors LLC reduced its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 92.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32 shares of the Internet television network's stock after selling 376 shares during the quarter. Resolute Advisors LLC's holdings in Netflix were worth $30,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in NFLX. Fullcircle Wealth LLC lifted its stake in shares of Netflix by 2.5% in the first quarter. Fullcircle Wealth LLC now owns 369 shares of the Internet television network's stock worth $344,000 after buying an additional 9 shares during the last quarter. Capital Analysts LLC lifted its stake in shares of Netflix by 0.3% in the first quarter. Capital Analysts LLC now owns 2,620 shares of the Internet television network's stock worth $2,443,000 after buying an additional 9 shares during the last quarter. Mission Creek Capital Partners Inc. lifted its stake in shares of Netflix by 0.3% in the fourth quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network's stock worth $3,410,000 after buying an additional 10 shares during the last quarter. Continuum Wealth Advisors LLC lifted its stake in shares of Netflix by 4.4% in the first quarter. Continuum Wealth Advisors LLC now owns 235 shares of the Internet television network's stock worth $219,000 after buying an additional 10 shares during the last quarter. Finally, Financial Enhancement Group LLC lifted its stake in shares of Netflix by 2.5% in the first quarter. Financial Enhancement Group LLC now owns 412 shares of the Internet television network's stock worth $384,000 after buying an additional 10 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Performance

Netflix stock traded down $1.56 on Friday, hitting $1,204.65. The company's stock had a trading volume of 3,122,827 shares, compared to its average volume of 2,927,073. The firm has a market cap of $511.89 billion, a P/E ratio of 51.33, a price-to-earnings-growth ratio of 2.03 and a beta of 1.59. 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 has a fifty day moving average price of $1,231.41 and a 200-day moving average price of $1,110.30. Netflix, Inc. has a one year low of $660.80 and a one year high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating 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 net margin of 24.58% and a return on equity of 42.50%. The business's revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the firm 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.

Insiders Place Their Bets

In other news, insider David A. Hyman sold 424 shares of the company's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total value of $491,276.08. Following the sale, the insider owned 31,610 shares of the company's stock, valued at approximately $36,625,558.70. This represents a 1.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Spencer Adam Neumann sold 685 shares of the company's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $1,161.21, for a total transaction of $795,428.85. Following the completion of the sale, the chief financial officer directly owned 3,691 shares in the company, valued at approximately $4,286,026.11. The trade was a 15.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 146,307 shares of company stock worth $179,443,809 in the last quarter. 1.37% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on NFLX. The Goldman Sachs Group boosted their price objective on shares of Netflix from $1,000.00 to $1,140.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 2nd. Rosenblatt Securities boosted their price objective on shares of Netflix from $1,514.00 to $1,515.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Jefferies Financial Group reiterated a "buy" rating on shares of Netflix in a research note on Tuesday, August 12th. Phillip Securities cut shares of Netflix from a "hold" rating to a "strong sell" rating in a research note on Monday, July 21st. Finally, Wells Fargo & Company upped their target price 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. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,297.66.

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.