Gables Capital Management Inc. Cuts Holdings in Netflix, Inc. $NFLX

Gables Capital Management Inc. decreased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,637 shares of the Internet television network’s stock after selling 40 shares during the period. Netflix makes up approximately 1.7% of Gables Capital Management Inc.’s investment portfolio, making the stock its 14th biggest position. Gables Capital Management Inc.’s holdings in Netflix were worth $3,531,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in NFLX. Cullen Frost Bankers Inc. grew its position in Netflix by 4.3% in the second quarter. Cullen Frost Bankers Inc. now owns 35,288 shares of the Internet television network’s stock worth $47,255,000 after acquiring an additional 1,445 shares in the last quarter. IMG Wealth Management Inc. grew its position in Netflix by 14.6% in the second quarter. IMG Wealth Management Inc. now owns 322 shares of the Internet television network’s stock worth $431,000 after acquiring an additional 41 shares in the last quarter. Dupont Capital Management Corp purchased a new position in Netflix in the second quarter worth about $18,813,000. Jackson Thornton Wealth Management LLC grew its position in Netflix by 5.2% in the second quarter. Jackson Thornton Wealth Management LLC now owns 283 shares of the Internet television network’s stock worth $361,000 after acquiring an additional 14 shares in the last quarter. Finally, DecisionMap Wealth Management LLC grew its position in Netflix by 3.6% in the second quarter. DecisionMap Wealth Management LLC now owns 401 shares of the Internet television network’s stock worth $537,000 after acquiring an additional 14 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Up 0.2%

Shares of NASDAQ NFLX opened at $1,241.35 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. The company has a market cap of $527.49 billion, a P/E ratio of 52.89, a PEG ratio of 2.08 and a beta of 1.59. Netflix, Inc. has a 1 year low of $744.26 and a 1 year high of $1,341.15. The firm has a 50-day simple moving average of $1,214.20 and a two-hundred day simple moving average of $1,182.49.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.88 by ($1.01). The firm had revenue of $11.51 billion during the quarter, compared to the consensus estimate of $11.52 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same period in the previous year, the business earned $5.40 EPS. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. Research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Activity

In other news, CEO Gregory K. Peters sold 2,026 shares of Netflix stock in a transaction that occurred on 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 completion of the sale, the chief executive officer owned 12,781 shares of the company’s stock, valued at approximately $14,793,240.64. The trade was a 13.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Cletus R. Willems sold 238 shares of Netflix stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total transaction of $274,537.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 104,100 shares of company stock valued at $122,710,980. Insiders own 1.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on NFLX. Morgan Stanley set a $1,500.00 price target on Netflix in a research report on Monday, October 13th. Wedbush reiterated an “outperform” rating on shares of Netflix in a research report on Wednesday, October 15th. Phillip Securities lowered Netflix from a “hold” rating to a “strong sell” rating in a research report on Monday, July 21st. Wells Fargo & Company lifted their price target on Netflix from $1,500.00 to $1,560.00 and gave the stock an “overweight” rating in a research report on Friday, July 18th. Finally, Canaccord Genuity Group reiterated a “buy” rating on shares of Netflix in a research report on Thursday, July 10th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,339.81.

Netflix Company 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.