Robbins Farley Sells 363 Shares of Netflix, Inc. $NFLX

Key Points

• Robbins Farley reduced its stake in Netflix, Inc. by 7.2%, selling 363 shares while retaining 4,649 shares, worth approximately $6.23 million, making Netflix its 6th largest holding.
• Several institutional investors have increased their positions in Netflix shares, with notable raises including Optima Capital's 3.5% increase and Unified Investment Management's 1.7% increase during the second quarter.
• Netflix's stock has a consensus rating of "Moderate Buy", with a price target averaging $1,328.87, following recent analyst upgrades and downgrades from various brokerages.

Robbins Farley lessened its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 7.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,649 shares of the Internet television network's stock after selling 363 shares during the quarter. Netflix makes up approximately 2.9% of Robbins Farley's holdings, making the stock its 6th biggest holding. Robbins Farley's holdings in Netflix were worth $6,226,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Optima Capital LLC raised its stake in shares of Netflix by 3.5% in the 2nd quarter. Optima Capital LLC now owns 239 shares of the Internet television network's stock valued at $320,000 after purchasing an additional 8 shares in the last quarter. Unified Investment Management boosted its stake in Netflix by 1.7% in the second quarter. Unified Investment Management now owns 474 shares of the Internet television network's stock valued at $635,000 after acquiring an additional 8 shares during the period. Plancorp LLC grew its holdings in shares of Netflix by 0.6% during the second quarter. Plancorp LLC now owns 1,278 shares of the Internet television network's stock valued at $1,711,000 after purchasing an additional 8 shares during the last quarter. Five Oceans Advisors grew its holdings in shares of Netflix by 1.1% during the second quarter. Five Oceans Advisors now owns 751 shares of the Internet television network's stock valued at $1,006,000 after purchasing an additional 8 shares during the last quarter. Finally, Old Port Advisors raised its position in shares of Netflix by 1.3% during the 2nd quarter. Old Port Advisors now owns 624 shares of the Internet television network's stock worth $836,000 after purchasing an additional 8 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on NFLX. Wedbush reiterated an "outperform" rating and set a $1,500.00 price target (up from $1,400.00) on shares of Netflix in a research report on Monday, July 14th. Pivotal Research reiterated a "buy" rating on shares of Netflix in a research report on Thursday, July 10th. UBS Group reiterated a "market underperform" rating on shares of Netflix in a research report on Saturday, July 19th. BMO Capital Markets reiterated an "outperform" rating and set a $1,425.00 price target (up from $1,200.00) on shares of Netflix in a research report on Tuesday, July 15th. Finally, Morgan Stanley reiterated an "equal weight" rating on shares of Netflix in a research report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Netflix has a consensus rating of "Moderate Buy" and a consensus price target of $1,328.87.

Insiders Place Their Bets

In other news, insider David A. Hyman sold 424 shares of the stock in a transaction that occurred on 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 completion of the transaction, the insider directly owned 31,610 shares in the company, valued at $36,625,558.70. This trade represents a 1.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Theodore A. Sarandos sold 2,026 shares of the stock in a transaction that occurred on 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 59,324 shares of company stock valued at $70,235,556. 1.37% of the stock is currently owned by insiders.

Netflix Trading Down 0.3%

Netflix stock opened at $1,206.41 on Tuesday. The firm has a 50 day simple moving average of $1,208.21 and a 200-day simple moving average of $1,155.55. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. The stock has a market capitalization of $512.63 billion, a PE ratio of 51.40, a price-to-earnings-growth ratio of 2.04 and a beta of 1.60. Netflix, Inc. has a 12-month low of $677.88 and a 12-month high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $11.08 billion during the quarter, compared to analysts' expectations of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business's revenue was up 15.9% on a year-over-year basis. During the same period last year, the firm posted $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, equities research analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

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.

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