Netflix, Inc. $NFLX Shares Sold by Ashton Thomas Securities LLC

Ashton Thomas Securities LLC trimmed its holdings in Netflix, Inc. (NASDAQ:NFLX) by 5.5% in the first quarter, Holdings Channel.com reports. The fund owned 4,370 shares of the Internet television network’s stock after selling 252 shares during the period. Netflix comprises 1.1% of Ashton Thomas Securities LLC’s portfolio, making the stock its 18th biggest holding. Ashton Thomas Securities LLC’s holdings in Netflix were worth $4,077,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC raised its holdings in Netflix by 100.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock worth $25,000 after buying an additional 13 shares during the period. Brown Shipley& Co Ltd acquired a new stake in Netflix during the 4th quarter worth about $27,000. Copia Wealth Management acquired a new stake in Netflix during the 4th quarter worth about $37,000. Stuart Chaussee & Associates Inc. raised its holdings in Netflix by 4,500.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network’s stock worth $41,000 after buying an additional 45 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC acquired a new stake in Netflix during the 1st quarter worth about $42,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Netflix

In related news, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $1,307.22, for a total value of $3,400,079.22. Following the transaction, the chief financial officer owned 3,691 shares in the company, valued at approximately $4,824,949.02. This represents a 41.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Theodore A. Sarandos sold 2,026 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the completion of the transaction, the chief executive officer owned 15,168 shares in the company, valued at $17,604,284.16. This represents a 11.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 93,629 shares of company stock valued at $116,131,982 in the last ninety days. 1.37% of the stock is currently owned by insiders.

Analyst Ratings Changes

NFLX has been the topic of several recent analyst reports. Barclays restated a “sell” rating and set a $1,100.00 price objective (up previously from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. Seaport Res Ptn downgraded Netflix from a “strong-buy” rating to a “hold” rating in a report on Sunday, July 6th. Wall Street Zen downgraded Netflix from a “buy” rating to a “hold” rating in a report on Saturday. Robert W. Baird boosted their price objective on Netflix from $1,300.00 to $1,500.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. Finally, Piper Sandler upped their target price on Netflix from $1,400.00 to $1,500.00 and gave the company an “overweight” rating in a report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,297.66.

Netflix Price Performance

Shares of NFLX opened at $1,208.25 on Monday. The company has a market capitalization of $513.42 billion, a price-to-earnings ratio of 51.48, a P/E/G ratio of 2.03 and a beta of 1.60. Netflix, Inc. has a fifty-two week low of $660.80 and a fifty-two week 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. The business’s 50-day moving average is $1,231.11 and its 200-day moving average is $1,118.55.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating 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 the consensus estimate of $11.04 billion. During the same quarter in the prior year, the company earned $4.88 EPS. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Equities research analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

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.