ST Germain D J Co. Inc. Trims Position in Netflix, Inc. $NFLX

ST Germain D J Co. Inc. trimmed its position in Netflix, Inc. (NASDAQ:NFLX) by 3.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 36,416 shares of the Internet television network’s stock after selling 1,394 shares during the quarter. Netflix accounts for about 2.1% of ST Germain D J Co. Inc.’s investment portfolio, making the stock its 8th largest holding. ST Germain D J Co. Inc.’s holdings in Netflix were worth $48,766,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. FCG Investment Co increased its holdings in shares of Netflix by 1.5% in the second quarter. FCG Investment Co now owns 2,641 shares of the Internet television network’s stock worth $3,537,000 after purchasing an additional 39 shares during the last quarter. Falcon Wealth Planning increased its holdings in shares of Netflix by 13.7% in the second quarter. Falcon Wealth Planning now owns 737 shares of the Internet television network’s stock worth $987,000 after purchasing an additional 89 shares during the last quarter. Beaumont Financial Advisors LLC increased its holdings in shares of Netflix by 10.0% in the second quarter. Beaumont Financial Advisors LLC now owns 450 shares of the Internet television network’s stock worth $603,000 after purchasing an additional 41 shares during the last quarter. Five Oceans Advisors increased its holdings in shares of Netflix by 1.1% in the second quarter. Five Oceans Advisors now owns 751 shares of the Internet television network’s stock worth $1,006,000 after purchasing an additional 8 shares during the last quarter. Finally, Patron Partners LLC increased its holdings in shares of Netflix by 19.2% in the second quarter. Patron Partners LLC now owns 1,496 shares of the Internet television network’s stock worth $2,003,000 after purchasing an additional 241 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Netflix Trading Up 0.4%

NFLX opened at $1,208.24 on Friday. The stock has a market cap 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. The stock’s 50 day moving average price is $1,208.72 and its 200-day moving average price is $1,147.93. Netflix, Inc. has a one year low of $677.88 and a one year high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating analysts’ consensus estimates of $7.07 by $0.12. The firm had revenue of $11.08 billion for 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, equities analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NFLX. Loop Capital raised Netflix from a “hold” rating to a “buy” rating and lifted their target price for the stock from $1,150.00 to $1,350.00 in a report on Wednesday, September 17th. Barclays restated a “sell” rating and set a $1,100.00 price objective (up from $1,000.00) on shares of Netflix in a research report on Wednesday, July 9th. JPMorgan Chase & Co. upped their price objective on Netflix from $1,230.00 to $1,300.00 and gave the company a “neutral” rating in a research report on Friday, July 18th. Citigroup restated a “neutral” rating and set a $1,250.00 price objective (up from $1,020.00) on shares of Netflix in a research report on Thursday, May 29th. Finally, Sanford C. Bernstein upped their price objective on Netflix from $1,200.00 to $1,390.00 and gave the company an “outperform” rating in a research report on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,328.87.

Insiders Place Their Bets

In other Netflix news, CEO Theodore A. Sarandos sold 2,026 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the sale, the chief executive officer owned 15,168 shares of the company’s stock, valued at approximately $17,604,284.16. This trade represents a 11.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gregory K. Peters sold 2,026 shares of the stock in a transaction on Tuesday, August 5th. The shares were 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 88,728 shares of company stock worth $108,700,648. Corporate insiders own 1.37% of the company’s stock.

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.