Sheets Smith Investment Management Cuts Stock Holdings in Netflix, Inc. $NFLX

Key Points

• Sheets Smith Investment Management has reduced its stake in Netflix, Inc. by 22.8%, selling 331 shares and now holding 1,120 shares valued at $1,044,000.
• Several institutional investors, including Kondo Wealth Advisors and CBIZ Investment Advisory Services, have altered their positions in Netflix, with CBIZ raising its holdings by 231.6%.
• Analysts have mixed ratings on Netflix, with JPMorgan Chase increasing its target price to $1,300 while others maintain a "hold" rating, resulting in an average "Moderate Buy" consensus price target of $1,317.58.

Sheets Smith Investment Management decreased its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 22.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,120 shares of the Internet television network's stock after selling 331 shares during the period. Netflix comprises approximately 1.0% of Sheets Smith Investment Management's portfolio, making the stock its 29th biggest holding. Sheets Smith Investment Management's holdings in Netflix were worth $1,044,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Resurgent Financial Advisors LLC lifted its stake in Netflix by 234.4% in the first quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network's stock valued at $942,000 after purchasing an additional 708 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of Netflix by 42.1% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 441,861 shares of the Internet television network's stock worth $412,059,000 after acquiring an additional 130,946 shares in the last quarter. PharVision Advisers LLC purchased a new stake in shares of Netflix during the fourth quarter worth $873,000. New England Research & Management Inc. lifted its position in shares of Netflix by 148.5% during the first quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network's stock worth $1,979,000 after acquiring an additional 1,268 shares in the last quarter. Finally, Westbourne Investments Inc. lifted its position in shares of Netflix by 107.9% during the first quarter. Westbourne Investments Inc. now owns 2,408 shares of the Internet television network's stock worth $2,246,000 after acquiring an additional 1,250 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Netflix Price Performance

Shares of Netflix stock traded down $15.06 during trading on Friday, hitting $1,188.44. The stock had a trading volume of 3,778,934 shares, compared to its average volume of 2,525,736. The firm has a market cap of $505.00 billion, a price-to-earnings ratio of 50.64, a P/E/G ratio of 2.03 and a beta of 1.60. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 12 month low of $677.88 and a 12 month high of $1,341.15. The business's 50-day moving average is $1,218.15 and its 200 day moving average is $1,132.43.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating analysts' consensus estimates of $7.07 by $0.12. The business had revenue of $11.08 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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, sell-side analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Transactions at Netflix

In related news, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction on 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 $4,290,418.40. This represents a 41.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Reed Hastings sold 25,959 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $1,207.71, for a total value of $31,350,943.89. Following the completion of the transaction, the director directly owned 394 shares in the company, valued at approximately $475,837.74. This represents a 98.50% decrease in their position. The disclosure for this sale can be found here. Insiders sold 89,348 shares of company stock worth $109,498,489 in the last three months. Insiders own 1.37% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. BMO Capital Markets restated an "outperform" rating and set a $1,425.00 target price (up previously from $1,200.00) on shares of Netflix in a research report on Tuesday, July 15th. Barclays restated a "sell" rating and set a $1,100.00 target price (up previously from $1,000.00) on shares of Netflix in a research report on Wednesday, July 9th. Citigroup restated a "neutral" rating and set a $1,250.00 target price (up previously from $1,020.00) on shares of Netflix in a research report on Thursday, May 29th. Seaport Res Ptn downgraded Netflix from a "strong-buy" rating to a "hold" rating in a research report on Sunday, July 6th. Finally, Robert W. Baird increased their target price on Netflix from $1,300.00 to $1,500.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. One 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 stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $1,317.58.

Netflix 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.