Parkside Investments LLC Has $1.34 Million Position in Netflix, Inc. $NFLX

Parkside Investments LLC lessened its position in Netflix, Inc. (NASDAQ:NFLX) by 16.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,000 shares of the Internet television network’s stock after selling 200 shares during the quarter. Parkside Investments LLC’s holdings in Netflix were worth $1,339,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Nuveen LLC acquired a new stake in shares of Netflix during the 1st quarter worth about $2,385,585,000. Kingstone Capital Partners Texas LLC boosted its holdings in Netflix by 343,058.2% in the second quarter. Kingstone Capital Partners Texas LLC now owns 2,463,876 shares of the Internet television network’s stock worth $3,299,450,000 after acquiring an additional 2,463,158 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Netflix by 57.3% in the first quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network’s stock worth $3,164,134,000 after acquiring an additional 1,236,251 shares in the last quarter. Amundi lifted its holdings in shares of Netflix by 37.7% in the first quarter. Amundi now owns 2,070,221 shares of the Internet television network’s stock valued at $1,898,496,000 after purchasing an additional 567,251 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Netflix by 1.4% in the first quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network’s stock valued at $35,433,585,000 after purchasing an additional 509,255 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Down 0.3%

Shares of NASDAQ NFLX opened at $1,206.41 on Tuesday. The company has a market cap of $512.63 billion, a P/E ratio of 51.40, a PEG ratio of 2.04 and a beta of 1.60. The firm has a 50-day simple moving average of $1,208.21 and a two-hundred day simple moving average of $1,155.55. Netflix, Inc. has a 1 year low of $677.88 and a 1 year high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data 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. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same period last year, the company posted $4.88 earnings per share. Netflix’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 earnings per share for the current year.

Insiders Place Their Bets

In other Netflix news, CFO Spencer Adam Neumann sold 2,601 shares of the firm’s 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 value 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 $4,290,418.40. This trade represents a 41.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider David A. Hyman sold 424 shares of the firm’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the completion of the sale, the insider owned 31,610 shares in the company, valued at $36,625,558.70. The trade was a 1.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 59,324 shares of company stock worth $70,235,556. 1.37% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Phillip Securities downgraded Netflix from a “hold” rating to a “strong sell” rating in a research report on Monday, July 21st. Seaport Res Ptn lowered Netflix from a “strong-buy” rating to a “hold” rating in a research note on Sunday, July 6th. The Goldman Sachs Group lifted their price target on Netflix from $1,000.00 to $1,140.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 2nd. Pivotal Research reiterated a “buy” rating on shares of Netflix in a report on Thursday, July 10th. Finally, Rosenblatt Securities lifted their price objective on Netflix from $1,514.00 to $1,515.00 and gave the stock a “buy” rating in a report on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,328.87.

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.