Teza Capital Management LLC Sells 2,513 Shares of Netflix, Inc. $NFLX

Key Points

• Teza Capital Management LLC significantly reduced its stake in Netflix, selling 2,513 shares and lowering its holdings by 88.7% to just 320 shares, valued at $298,000.
• Netflix CEO Theodore A. Sarandos and Director Reed Hastings both sold large amounts of stock recently, with Sarandos selling 2,026 shares and Hastings selling 25,959 shares, indicating a decrease in their ownership.
• Despite insider selling, Netflix shares saw a 1.5% increase in trading, reaching $1,263.25, with research firms maintaining a generally positive outlook with several price target increases.

Teza Capital Management LLC lowered its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 88.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 320 shares of the Internet television network's stock after selling 2,513 shares during the quarter. Teza Capital Management LLC's holdings in Netflix were worth $298,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NFLX. Halbert Hargrove Global Advisors LLC grew its stake in Netflix by 100.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after purchasing an additional 13 shares in the last quarter. Brown Shipley& Co Ltd bought a new stake in shares of Netflix during the 4th quarter worth about $27,000. Copia Wealth Management bought a new stake in shares of Netflix during the 4th quarter worth about $37,000. Stuart Chaussee & Associates Inc. boosted its stake in shares of Netflix by 4,500.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after acquiring an additional 45 shares in the last quarter. Finally, Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Netflix during the 1st quarter worth about $42,000. Hedge funds and other institutional investors own 80.93% of the company's stock.

Insider Buying and Selling

In other Netflix news, CEO Theodore A. Sarandos sold 2,026 shares of the stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the transaction, the chief executive officer owned 15,168 shares of the company's stock, valued at approximately $17,604,284.16. This represents a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Reed Hastings sold 25,959 shares of the stock in a transaction dated 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 $475,837.74. The trade was a 98.50% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 89,348 shares of company stock worth $109,498,489. Corporate insiders own 1.37% of the company's stock.

Netflix Trading Up 1.5%

Shares of Netflix stock traded up $18.49 during trading on Tuesday, reaching $1,263.25. 2,215,844 shares of the company were exchanged, compared to its average volume of 2,443,071. The business has a 50-day moving average price of $1,222.86 and a 200-day moving average price of $1,127.68. The firm has a market capitalization of $536.79 billion, a price-to-earnings ratio of 53.82, a P/E/G ratio of 2.10 and a beta of 1.60. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a twelve month low of $660.80 and a twelve month high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share 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 firm posted $4.88 earnings per share. The company's quarterly revenue was up 15.9% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Sell-side analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on NFLX. Piper Sandler upped their price target on Netflix from $1,400.00 to $1,500.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. Seaport Res Ptn downgraded Netflix from a "strong-buy" rating to a "hold" rating in a research note on Sunday, July 6th. Oppenheimer upped their price target on Netflix from $1,200.00 to $1,425.00 and gave the stock an "outperform" rating in a research note on Thursday, June 12th. Bank of America upped their price target on Netflix from $1,175.00 to $1,490.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Finally, Needham & Company LLC reissued a "buy" rating and set a $1,500.00 price objective on shares of Netflix in a research report 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 issued a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $1,317.58.

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.