Netflix, Inc. $NFLX Stock Position Trimmed by Tounjian Advisory Partners LLC

Tounjian Advisory Partners LLC lowered its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,368 shares of the Internet television network’s stock after selling 106 shares during the quarter. Netflix makes up 1.5% of Tounjian Advisory Partners LLC’s holdings, making the stock its 10th largest position. Tounjian Advisory Partners LLC’s holdings in Netflix were worth $8,528,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of NFLX. Brighton Jones LLC boosted its position in Netflix by 5.0% during the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock worth $4,804,000 after purchasing an additional 257 shares in the last quarter. Revolve Wealth Partners LLC boosted its position in Netflix by 16.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock worth $912,000 after purchasing an additional 144 shares in the last quarter. Visionary Wealth Advisors boosted its position in Netflix by 8.6% during the fourth quarter. Visionary Wealth Advisors now owns 1,120 shares of the Internet television network’s stock worth $999,000 after purchasing an additional 89 shares in the last quarter. Zurich Insurance Group Ltd FI boosted its position in Netflix by 10.9% during the fourth quarter. Zurich Insurance Group Ltd FI now owns 197,799 shares of the Internet television network’s stock worth $176,302,000 after purchasing an additional 19,396 shares in the last quarter. Finally, Woodline Partners LP purchased a new position in Netflix during the fourth quarter worth approximately $20,787,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Down 0.1%

NASDAQ:NFLX opened at $1,200.51 on Wednesday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. The stock’s fifty day moving average is $1,214.91 and its two-hundred day moving average is $1,135.62. Netflix, Inc. has a 52 week low of $677.88 and a 52 week high of $1,341.15. The stock has a market capitalization of $510.13 billion, a price-to-earnings ratio of 51.15, a price-to-earnings-growth ratio of 2.02 and a beta of 1.60.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results 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 company had revenue of $11.08 billion for the quarter, compared to analysts’ expectations of $11.04 billion. During the same period in the prior year, the firm earned $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. Research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Transactions at Netflix

In other Netflix news, CEO Gregory K. Peters sold 2,026 shares of the firm’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 sale, the chief executive officer directly owned 12,781 shares in the company, valued at $14,793,240.64. This trade represents a 13.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of the firm’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $1,162.40, for a total value of $3,023,402.40. Following the completion of the sale, the chief financial officer owned 3,691 shares in the company, valued at approximately $4,290,418.40. This represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 89,348 shares of company stock valued at $109,498,489 over the last three months. 1.37% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Zacks Research downgraded Netflix from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. Needham & Company LLC reissued a “buy” rating and set a $1,500.00 target price on shares of Netflix in a report on Wednesday, September 10th. Wedbush reissued an “outperform” rating and set a $1,500.00 target price (up previously from $1,400.00) on shares of Netflix in a report on Monday, July 14th. Loop Capital reissued a “hold” rating on shares of Netflix in a report on Tuesday, July 15th. Finally, Bank of America increased their target price on Netflix from $1,175.00 to $1,490.00 and gave the company a “buy” rating in a report on Friday, May 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,317.58.

About Netflix

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.