Consolidated Investment Group LLC Sells 800 Shares of Netflix, Inc. $NFLX

Consolidated Investment Group LLC trimmed its stake in Netflix, Inc. (NASDAQ:NFLX) by 9.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,599 shares of the Internet television network’s stock after selling 800 shares during the period. Netflix accounts for 1.4% of Consolidated Investment Group LLC’s portfolio, making the stock its 16th largest position. Consolidated Investment Group LLC’s holdings in Netflix were worth $10,176,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in NFLX. Brighton Jones LLC grew its stake in Netflix by 5.0% during the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock worth $4,804,000 after buying an additional 257 shares during the last quarter. Revolve Wealth Partners LLC increased its position in Netflix by 16.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock valued at $912,000 after buying an additional 144 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its position in Netflix by 16.4% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 1,756 shares of the Internet television network’s stock valued at $1,638,000 after buying an additional 248 shares in the last quarter. Matrix Trust Co increased its position in Netflix by 30.2% during the 1st quarter. Matrix Trust Co now owns 237 shares of the Internet television network’s stock valued at $221,000 after buying an additional 55 shares in the last quarter. Finally, Breakwater Capital Group increased its position in Netflix by 7.7% during the 1st quarter. Breakwater Capital Group now owns 589 shares of the Internet television network’s stock valued at $549,000 after buying an additional 42 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Netflix Stock Performance

Shares of NFLX stock opened at $1,153.32 on Friday. The stock has a market cap of $490.08 billion, a PE ratio of 49.14, a price-to-earnings-growth ratio of 1.96 and a beta of 1.59. The business has a 50-day simple moving average of $1,207.36 and a 200-day simple moving average of $1,158.96. 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 52-week low of $677.88 and a 52-week high of $1,341.15.

Netflix (NASDAQ:NFLX) last issued 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. The business had revenue of $11.08 billion during 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 company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, equities analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Transactions at Netflix

In related news, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction dated 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 completion of the transaction, the chief financial officer owned 3,691 shares in the company, valued at $4,290,418.40. The trade was a 41.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $2,344,973.44. Following the completion of the transaction, the chief executive officer owned 12,781 shares of the company’s stock, valued at approximately $14,793,240.64. This represents a 13.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,100 shares of company stock worth $122,710,980 over the last quarter. Company insiders own 1.37% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on NFLX. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Netflix in a research report on Saturday, September 27th. Robert W. Baird increased their price objective 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. Wells Fargo & Company increased their price objective on shares of Netflix from $1,500.00 to $1,560.00 and gave the company an “overweight” rating in a research report on Friday, July 18th. Wall Street Zen lowered shares of Netflix from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Pivotal Research reaffirmed a “buy” rating on shares of Netflix in a research report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and a consensus target price of $1,335.00.

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.