Netflix, Inc. $NFLX Stock Holdings Lowered by Venator Management LLC

Key Points

• Venator Management LLC reduced its stake in Netflix by 30.4% during the 1st quarter, leaving it with a holding valued at approximately $23.54 million, making Netflix the 7th largest position in its portfolio.
• After a recent earnings report, Netflix's EPS increased to $7.19, surpassing analysts' expectations, while the company's revenue rose by 15.9% year-over-year.
• Insider trading activity revealed significant sales, including CFO Spencer Neumann selling 2,601 shares and Director Reed Hastings selling 26,933 shares, marking a notable decrease in their ownership percentages.

Venator Management LLC cut its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 30.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,247 shares of the Internet television network's stock after selling 11,017 shares during the period. Netflix comprises approximately 7.0% of Venator Management LLC's holdings, making the stock its 7th largest holding. Venator Management LLC's holdings in Netflix were worth $23,544,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in NFLX. Fullcircle Wealth LLC grew its holdings in shares of Netflix by 2.5% in the 1st quarter. Fullcircle Wealth LLC now owns 369 shares of the Internet television network's stock valued at $344,000 after buying an additional 9 shares during the period. Capital Analysts LLC grew its position in shares of Netflix by 0.3% during the 1st quarter. Capital Analysts LLC now owns 2,620 shares of the Internet television network's stock worth $2,443,000 after purchasing an additional 9 shares in the last quarter. Mission Creek Capital Partners Inc. boosted its position in shares of Netflix by 0.3% during the 4th quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network's stock worth $3,410,000 after acquiring an additional 10 shares in the last quarter. Continuum Wealth Advisors LLC lifted its stake in Netflix by 4.4% in the 1st quarter. Continuum Wealth Advisors LLC now owns 235 shares of the Internet television network's stock valued at $219,000 after purchasing an additional 10 shares during the last quarter. Finally, Financial Enhancement Group LLC raised its stake in Netflix by 2.5% during the first quarter. Financial Enhancement Group LLC now owns 412 shares of the Internet television network's stock worth $384,000 after buying an additional 10 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Gregory K. Peters sold 2,026 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the completion of the sale, the chief executive officer directly owned 12,781 shares in the company, valued at approximately $14,793,240.64. The trade was a 13.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $1,307.22, for a total value of $3,400,079.22. Following the completion of the sale, the chief financial officer owned 3,691 shares of the company's stock, valued at $4,824,949.02. The trade was a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 146,307 shares of company stock valued at $179,443,809. Insiders own 1.37% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Oppenheimer boosted their price target on shares of Netflix from $1,200.00 to $1,425.00 and gave the company an "outperform" rating in a research report on Thursday, June 12th. Evercore ISI reaffirmed an "outperform" rating on shares of Netflix in a report on Thursday, May 15th. Pivotal Research reiterated a "buy" rating on shares of Netflix in a research report on Thursday, July 10th. Morgan Stanley restated an "equal weight" rating on shares of Netflix in a report on Monday, July 21st. Finally, Wolfe Research set a $1,340.00 target price on Netflix and gave the company an "outperform" rating in a research report on Friday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $1,297.66.

Netflix Stock Performance

NASDAQ:NFLX traded down $1.56 during trading hours on Friday, reaching $1,204.65. 3,122,827 shares of the stock were exchanged, compared to its average volume of 2,927,073. The firm has a 50 day simple moving average of $1,231.41 and a 200-day simple moving average of $1,110.30. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $511.89 billion, a P/E ratio of 51.33, a P/E/G ratio of 2.03 and a beta of 1.59. Netflix, Inc. has a 52 week low of $660.80 and a 52 week high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.07 by $0.12. The company had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.Netflix's revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the previous 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 forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.