Interchange Capital Partners LLC Decreases Stock Position in Netflix, Inc. $NFLX

Interchange Capital Partners LLC lessened its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 83.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 175 shares of the Internet television network’s stock after selling 896 shares during the period. Interchange Capital Partners LLC’s holdings in Netflix were worth $234,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC grew its position in Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock valued at $25,000 after acquiring an additional 13 shares during the last quarter. Stephens Consulting LLC grew its position in shares of Netflix by 150.0% during the 2nd quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock worth $33,000 after buying an additional 15 shares in the last quarter. Flaharty Asset Management LLC purchased a new stake in shares of Netflix during the 1st quarter worth $37,000. Maseco LLP purchased a new stake in shares of Netflix during the 2nd quarter worth $39,000. Finally, Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Netflix during the 1st quarter worth $42,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling

In other news, CFO Spencer Adam Neumann sold 2,600 shares of Netflix stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $1,172.51, for a total value of $3,048,526.00. Following the completion of the sale, the chief financial officer directly owned 3,691 shares of the company’s stock, valued at approximately $4,327,734.41. The trade was a 41.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Reed Hastings sold 42,176 shares of Netflix stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the completion of the sale, the director directly owned 394 shares of the company’s stock, valued at $461,736.48. The trade was a 99.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 104,100 shares of company stock valued at $122,710,980. 1.37% of the stock is currently owned by company insiders.

Netflix Stock Performance

Shares of Netflix stock opened at $1,215.35 on Wednesday. Netflix, Inc. has a one year low of $677.88 and a one year high of $1,341.15. The company has a market cap of $516.43 billion, a price-to-earnings ratio of 51.78, a PEG ratio of 2.05 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. The business’s 50 day moving average price is $1,213.15 and its 200 day moving average price is $1,172.10.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $11.04 billion. During the same quarter last year, the business posted $4.88 earnings per share. The firm’s revenue was up 15.9% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, research analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Jefferies Financial Group reiterated a “buy” rating on shares of Netflix in a research note on Tuesday. Robert W. Baird raised their price objective on Netflix from $1,300.00 to $1,500.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. Itau BBA Securities started coverage on Netflix in a report on Tuesday, October 7th. They set an “outperform” rating and a $1,514.00 target price on the stock. Citigroup reissued a “neutral” rating and issued a $1,295.00 price objective (up from $1,280.00) on shares of Netflix in a report on Friday, October 3rd. Finally, KeyCorp raised their price objective on Netflix from $1,070.00 to $1,390.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Netflix currently has an average rating of “Moderate Buy” and an average target price of $1,337.63.

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.