TBH Global Asset Management LLC Has $2.27 Million Stake in Netflix, Inc. $NFLX

Key Points

• TBH Global Asset Management LLC reduced its stake in Netflix, Inc. by 47.3% during the second quarter, owning 1,692 shares worth approximately $2.27 million after selling 1,521 shares.
• Netflix reported earnings of $7.19 per share for its latest quarter, exceeding analyst expectations and marking a 15.9% increase in revenue compared to last year.
• Analyst ratings for Netflix show a consensus of "Moderate Buy", with a target price averaging $1,328.87, as several firms have raised their price targets recently.

TBH Global Asset Management LLC lowered its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 47.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,692 shares of the Internet television network's stock after selling 1,521 shares during the quarter. TBH Global Asset Management LLC's holdings in Netflix were worth $2,266,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Halbert Hargrove Global Advisors LLC raised its holdings in Netflix by 100.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after buying an additional 13 shares during the period. Maseco LLP bought a new stake in shares of Netflix during the second quarter worth $39,000. Ransom Advisory Ltd acquired a new stake in shares of Netflix during the second quarter worth $47,000. Flaharty Asset Management LLC acquired a new stake in shares of Netflix during the first quarter worth $37,000. Finally, Signature Resources Capital Management LLC lifted its position in Netflix by 740.0% in the 2nd quarter. Signature Resources Capital Management LLC now owns 42 shares of the Internet television network's stock valued at $56,000 after acquiring an additional 37 shares in the last quarter. Institutional investors own 80.93% of the company's stock.

Netflix Trading Up 0.2%

Shares of NASDAQ:NFLX opened at $1,210.61 on Friday. Netflix, Inc. has a 52-week low of $677.88 and a 52-week high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. The company has a market capitalization of $514.42 billion, a P/E ratio of 51.58, a price-to-earnings-growth ratio of 2.04 and a beta of 1.60. The company has a 50-day simple moving average of $1,208.75 and a 200 day simple moving average of $1,151.70.

Netflix (NASDAQ:NFLX - Get Free Report) last released 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. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same quarter in the prior year, the company earned $4.88 earnings per share. The business's revenue for the quarter 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. Sell-side analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on NFLX. JPMorgan Chase & Co. increased their target price on Netflix from $1,230.00 to $1,300.00 and gave the stock a "neutral" rating in a report on Friday, July 18th. Morgan Stanley reiterated an "equal weight" rating on shares of Netflix in a report on Monday, July 21st. Jefferies Financial Group restated a "buy" rating on shares of Netflix in a research note on Thursday, September 11th. Loop Capital raised shares of Netflix from a "hold" rating to a "buy" rating and raised their price target for the stock from $1,150.00 to $1,350.00 in a research note on Wednesday, September 17th. Finally, Robert W. Baird lifted their price objective on shares of Netflix from $1,300.00 to $1,500.00 and gave the company an "outperform" rating in a report on Monday, July 21st. One investment 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 issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $1,328.87.

Insiders Place Their Bets

In other news, insider Cletus R. Willems sold 238 shares of the stock in a transaction dated 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 document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,600 shares of Netflix stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $1,207.76, for a total transaction of $3,140,176.00. Following the sale, the chief financial officer directly owned 3,691 shares of the company's stock, valued at $4,457,842.16. The trade was a 41.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 88,728 shares of company stock worth $108,700,648 in the last quarter. Company insiders own 1.37% of the company's stock.

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.

Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.