Netflix, Inc. $NFLX Shares Sold by HBK Sorce Advisory LLC

HBK Sorce Advisory LLC lowered its position in Netflix, Inc. (NASDAQ:NFLX) by 1.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,140 shares of the Internet television network’s stock after selling 62 shares during the period. HBK Sorce Advisory LLC’s holdings in Netflix were worth $8,222,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. BG Investment Services Inc. acquired a new position in shares of Netflix during the 2nd quarter worth about $338,000. Resurgent Financial Advisors LLC raised its position in shares of Netflix by 234.4% during the 1st quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network’s stock worth $942,000 after purchasing an additional 708 shares during the last quarter. MRA Advisory Group raised its position in shares of Netflix by 28.4% during the 2nd quarter. MRA Advisory Group now owns 919 shares of the Internet television network’s stock worth $1,231,000 after purchasing an additional 203 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of Netflix by 42.1% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 441,861 shares of the Internet television network’s stock worth $412,059,000 after purchasing an additional 130,946 shares during the last quarter. Finally, Sava Infond d.o.o. raised its position in shares of Netflix by 25.1% during the 2nd quarter. Sava Infond d.o.o. now owns 1,495 shares of the Internet television network’s stock worth $2,002,000 after purchasing an additional 300 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Performance

NASDAQ:NFLX opened at $1,100.41 on Thursday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.33. The stock has a market capitalization of $466.28 billion, a P/E ratio of 45.97, a PEG ratio of 1.91 and a beta of 1.59. The company has a 50 day moving average price of $1,199.70 and a 200 day moving average price of $1,192.74. Netflix, Inc. has a fifty-two week low of $747.77 and a fifty-two week high of $1,341.15.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share for the quarter, missing analysts’ consensus estimates of $6.88 by ($1.01). The company had revenue of $11.51 billion for the quarter, compared to analysts’ expectations of $11.52 billion. Netflix had a return on equity of 41.86% and a net margin of 24.05%.The business’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 posted $5.40 EPS. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. Equities research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Ratings Changes

NFLX has been the subject of a number of recent research reports. Itau BBA Securities initiated coverage on shares of Netflix in a report on Tuesday, October 7th. They issued an “outperform” rating and a $1,514.00 price objective for the company. Piper Sandler reiterated an “overweight” rating and issued a $1,400.00 price objective (down previously from $1,500.00) on shares of Netflix in a report on Wednesday, October 22nd. Citic Securities cut their price objective on shares of Netflix from $1,280.00 to $1,250.00 and set a “hold” rating for the company in a report on Wednesday. JPMorgan Chase & Co. cut their price objective on shares of Netflix from $1,300.00 to $1,275.00 and set a “neutral” rating for the company in a report on Wednesday, October 22nd. Finally, Loop Capital cut their price objective on shares of Netflix from $1,350.00 to $1,325.00 in a report on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,341.12.

Insider Activity

In related news, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $1,162.40, for a total transaction of $3,023,402.40. Following the completion of the transaction, the chief financial officer owned 3,691 shares of the company’s stock, valued at approximately $4,290,418.40. This trade represents a 41.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider David A. Hyman sold 424 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the transaction, the insider directly owned 31,610 shares of the company’s stock, valued at $36,625,558.70. The trade was a 1.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 104,100 shares of company stock worth $122,710,980 in the last three months. 1.37% of the stock is currently owned by corporate insiders.

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.