Virtus Advisers LLC Cuts Holdings in Netflix, Inc. $NFLX

Key Points

• Virtus Advisers LLC significantly reduced its holdings in Netflix by 77.5%, leaving it with only 346 shares valued at about $323,000 as of the end of the most recent quarter.
• Other institutional investors, such as Halbert Hargrove Global Advisors LLC, have increased their investments, highlighting mixed activity among stakeholders in Netflix's performance.
• Netflix reported earnings that exceeded expectations, with a net margin of 24.58% and revenue of $11.08 billion, indicating a year-over-year growth of 15.9%.

Virtus Advisers LLC decreased its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 77.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 346 shares of the Internet television network's stock after selling 1,189 shares during the period. Virtus Advisers LLC's holdings in Netflix were worth $323,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC increased its holdings 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 buying an additional 13 shares in the last quarter. Brown Shipley& Co Ltd acquired a new stake in shares of Netflix in the fourth quarter valued at about $27,000. Copia Wealth Management acquired a new stake in shares of Netflix in the fourth quarter valued at about $37,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Netflix in the first quarter valued at about $42,000. Finally, Stuart Chaussee & Associates Inc. grew its position in shares of Netflix by 4,500.0% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock valued at $41,000 after purchasing an additional 45 shares during the period. Hedge funds and other institutional investors own 80.93% of the company's stock.

Netflix Stock Performance

NFLX opened at $1,204.65 on Monday. The firm has a market capitalization of $511.89 billion, a PE ratio of 51.33, a PEG ratio of 2.03 and a beta of 1.59. Netflix, Inc. has a twelve month low of $660.80 and a twelve month high of $1,341.15. The firm's 50-day moving average price is $1,231.41 and its 200 day moving average price is $1,111.65. 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 (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping analysts' consensus estimates of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same period in the previous year, the business posted $4.88 earnings per share. Netflix'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. As a group, sell-side analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Activity

In other Netflix news, CEO Gregory K. Peters sold 2,026 shares of Netflix stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the transaction, the chief executive officer directly owned 12,781 shares of the company's stock, valued at $14,793,240.64. The trade was a 13.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Reed Hastings sold 26,933 shares of Netflix stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $1,211.66, for a total transaction of $32,633,638.78. Following the transaction, the director directly owned 394 shares in the company, valued at $477,394.04. This trade represents a 98.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 146,307 shares of company stock valued at $179,443,809 over the last three months. 1.37% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Oppenheimer lifted their target price 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. Wall Street Zen upgraded shares of Netflix from a "hold" rating to a "buy" rating in a research report on Friday. UBS Group reiterated a "market underperform" rating on shares of Netflix in a research report on Saturday, July 19th. Morgan Stanley reiterated an "equal weight" rating on shares of Netflix in a research report on Monday, July 21st. Finally, Robert W. Baird lifted their target price on shares of Netflix from $1,300.00 to $1,500.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $1,297.66.

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.

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