Netflix, Inc. $NFLX Shares Sold by Legal Advantage Investments Inc.

Legal Advantage Investments Inc. cut its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.9% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 3,212 shares of the Internet television network’s stock after selling 165 shares during the period. Netflix makes up approximately 2.0% of Legal Advantage Investments Inc.’s holdings, making the stock its 18th largest holding. Legal Advantage Investments Inc.’s holdings in Netflix were worth $4,301,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Commonwealth Financial Services LLC lifted its position in Netflix by 8.5% during the 2nd quarter. Commonwealth Financial Services LLC now owns 256 shares of the Internet television network’s stock worth $343,000 after acquiring an additional 20 shares in the last quarter. Valley Brook Capital Group Inc. lifted its position in Netflix by 5.3% during the 2nd quarter. Valley Brook Capital Group Inc. now owns 909 shares of the Internet television network’s stock worth $1,217,000 after acquiring an additional 46 shares in the last quarter. Meritage Portfolio Management acquired a new position in Netflix during the 2nd quarter worth approximately $228,000. CWM LLC lifted its position in Netflix by 3.7% during the 2nd quarter. CWM LLC now owns 42,525 shares of the Internet television network’s stock worth $56,947,000 after acquiring an additional 1,521 shares in the last quarter. Finally, Transcendent Capital Group LLC acquired a new position in shares of Netflix in the 2nd quarter valued at approximately $277,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NFLX. Wall Street Zen lowered Netflix from a “buy” rating to a “hold” rating in a research report on Saturday, October 4th. Itau BBA Securities began coverage on Netflix in a research report on Tuesday, October 7th. They issued an “outperform” rating and a $1,514.00 target price on the stock. BMO Capital Markets reaffirmed an “outperform” rating and issued a $1,425.00 target price (up from $1,200.00) on shares of Netflix in a research report on Tuesday, July 15th. Phillip Securities lowered Netflix from a “hold” rating to a “strong sell” rating in a research report on Monday, July 21st. Finally, The Goldman Sachs Group cut their target price on Netflix from $1,310.00 to $1,300.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,337.63.

Netflix Stock Performance

NFLX stock opened at $1,220.08 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The firm has a market cap of $518.44 billion, a P/E ratio of 51.98, a P/E/G ratio of 2.05 and a beta of 1.59. Netflix, Inc. has a 12-month low of $677.88 and a 12-month high of $1,341.15. The stock’s 50 day simple moving average is $1,210.84 and its 200 day simple moving average is $1,168.46.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results 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 for the quarter, compared to analyst estimates of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The business’s revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the company posted $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, equities research analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Buying and Selling at Netflix

In related news, CFO Spencer Adam Neumann sold 2,600 shares of the company’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $1,172.51, for a total transaction of $3,048,526.00. Following the completion of the transaction, the chief financial officer directly owned 3,691 shares in the company, valued at $4,327,734.41. This represents a 41.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gregory K. Peters sold 2,026 shares of the company’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the transaction, 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 104,100 shares of company stock worth $122,710,980. 1.37% of the stock is owned by 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.