Riverbridge Partners LLC Sells 2,019 Shares of Netflix, Inc. $NFLX

Riverbridge Partners LLC trimmed its holdings in Netflix, Inc. (NASDAQ:NFLX) by 3.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,920 shares of the Internet television network’s stock after selling 2,019 shares during the quarter. Netflix accounts for 1.2% of Riverbridge Partners LLC’s portfolio, making the stock its 28th largest holding. Riverbridge Partners LLC’s holdings in Netflix were worth $73,545,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Netflix by 1.4% in the first quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network’s stock worth $35,433,585,000 after purchasing an additional 509,255 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Netflix by 2.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,732,066 shares of the Internet television network’s stock worth $10,940,505,000 after purchasing an additional 304,399 shares during the period. GAMMA Investing LLC lifted its position in Netflix by 109,524.3% in the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network’s stock worth $8,239,576,000 after purchasing an additional 8,827,662 shares during the period. Alliancebernstein L.P. lifted its position in Netflix by 1.0% in the first quarter. Alliancebernstein L.P. now owns 5,194,939 shares of the Internet television network’s stock worth $4,844,436,000 after purchasing an additional 53,611 shares during the period. Finally, Invesco Ltd. lifted its position in Netflix by 8.3% in the first quarter. Invesco Ltd. now owns 4,664,818 shares of the Internet television network’s stock worth $4,350,083,000 after purchasing an additional 356,617 shares during the period. 80.93% of the stock is owned by institutional investors.

Netflix Stock Performance

Netflix stock opened at $1,203.95 on Thursday. The stock has a 50-day simple moving average of $1,210.04 and a 200 day simple moving average of $1,145.57. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 12-month low of $677.88 and a 12-month high of $1,341.15. The stock has a market capitalization of $511.59 billion, a price-to-earnings ratio of 51.30, a P/E/G ratio of 2.05 and a beta of 1.60.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping the consensus estimate of $7.07 by $0.12. The firm had revenue of $11.08 billion during the quarter, compared to analysts’ expectations of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The company’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the business posted $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NFLX has been the subject of several research reports. Wells Fargo & Company raised their target price on Netflix from $1,500.00 to $1,560.00 and gave the stock an “overweight” rating in a research report on Friday, July 18th. Rosenblatt Securities lifted their price objective on Netflix from $1,514.00 to $1,515.00 and gave the company a “buy” rating in a report on Friday, July 18th. Canaccord Genuity Group reissued a “buy” rating on shares of Netflix in a report on Thursday, July 10th. The Goldman Sachs Group lifted their price objective on Netflix from $1,000.00 to $1,140.00 and gave the company a “neutral” rating in a report on Wednesday, July 2nd. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Netflix in a report on Thursday, September 11th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and an average target price of $1,328.87.

Insider Activity

In other Netflix news, CFO Spencer Adam Neumann sold 2,600 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $1,207.76, for a total transaction of $3,140,176.00. Following the completion of the sale, the chief financial officer directly owned 3,691 shares of the company’s stock, valued at approximately $4,457,842.16. The trade was a 41.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Gregory K. Peters sold 2,026 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $14,793,240.64. This represents a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 88,728 shares of company stock worth $108,700,648. Corporate insiders own 1.37% of the company’s stock.

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.