Rip Road Capital Partners LP Lowers Holdings in Netflix, Inc. $NFLX

Key Points

• Rip Road Capital Partners LP has reduced its holdings in Netflix, Inc. by 50.5% during the first quarter, now owning 5,424 shares valued at approximately $5,058,000.
• Several institutional investors have modified their positions in Netflix, including Rise Advisors LLC increasing its stake by 7.1%, while Petrus Trust Company established a new stake valued at $519,000.
• As of the last quarter, Netflix's stock received a Moderate Buy consensus rating from analysts, with a price target averaging $1,317.58.

Rip Road Capital Partners LP lowered its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 50.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,424 shares of the Internet television network's stock after selling 5,524 shares during the period. Netflix makes up about 5.6% of Rip Road Capital Partners LP's holdings, making the stock its 7th biggest position. Rip Road Capital Partners LP's holdings in Netflix were worth $5,058,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Rise Advisors LLC raised its position in shares of Netflix by 7.1% in the first quarter. Rise Advisors LLC now owns 361 shares of the Internet television network's stock valued at $337,000 after purchasing an additional 24 shares during the period. Petrus Trust Company LTA bought a new stake in shares of Netflix in the first quarter valued at approximately $519,000. Plancorp LLC raised its position in shares of Netflix by 6.3% in the first quarter. Plancorp LLC now owns 1,270 shares of the Internet television network's stock valued at $1,184,000 after purchasing an additional 75 shares during the period. Nightview Capital LLC bought a new stake in shares of Netflix in the first quarter valued at approximately $5,689,000. Finally, Nissay Asset Management Corp Japan ADV raised its position in shares of Netflix by 1.5% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 136,494 shares of the Internet television network's stock valued at $127,285,000 after purchasing an additional 1,970 shares during the period. Institutional investors own 80.93% of the company's stock.

Insider Buying and Selling

In other news, insider Cletus R. Willems sold 238 shares of the company's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total value of $274,537.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Spencer Adam Neumann sold 2,600 shares of the company's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $1,207.76, for a total transaction of $3,140,176.00. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders have sold 89,348 shares of company stock worth $109,498,489 in the last ninety days. 1.37% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on NFLX shares. BMO Capital Markets reissued an "outperform" rating and issued a $1,425.00 price target (up previously from $1,200.00) on shares of Netflix in a research report on Tuesday, July 15th. Seaport Res Ptn cut shares of Netflix from a "strong-buy" rating to a "hold" rating in a research note on Sunday, July 6th. Bank of America boosted their price objective on shares of Netflix from $1,175.00 to $1,490.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Piper Sandler boosted 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, Wedbush reaffirmed an "outperform" rating and set a $1,500.00 price objective (up previously from $1,400.00) on shares of Netflix in a research note on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $1,317.58.

Netflix Price Performance

NFLX stock opened at $1,243.82 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. Netflix, Inc. has a one year low of $660.80 and a one year high of $1,341.15. The stock has a market cap of $528.53 billion, a PE ratio of 53.00, a P/E/G ratio of 2.12 and a beta of 1.60. The firm has a 50 day simple moving average of $1,225.36 and a two-hundred day simple moving average of $1,123.79.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping analysts' consensus estimates of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business had revenue of $11.08 billion during the quarter, compared to analysts' expectations of $11.04 billion. During the same quarter in the previous year, the company earned $4.88 EPS. The business's quarterly 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, analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

About Netflix

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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