Netflix, Inc. $NFLX Shares Sold by Optas LLC

Optas LLC reduced its position in Netflix, Inc. (NASDAQ:NFLX) by 1.0% in the 2nd quarter, Holdings Channel.com reports. The fund owned 1,652 shares of the Internet television network’s stock after selling 16 shares during the quarter. Optas LLC’s holdings in Netflix were worth $2,212,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Halbert Hargrove Global Advisors LLC raised its stake in shares of Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock worth $25,000 after purchasing an additional 13 shares during the last quarter. Maseco LLP purchased a new stake in shares of Netflix during the second quarter worth approximately $39,000. Ransom Advisory Ltd purchased a new stake in shares of Netflix during the second quarter worth approximately $47,000. Flaharty Asset Management LLC purchased a new stake in shares of Netflix during the first quarter worth approximately $37,000. Finally, Signature Resources Capital Management LLC raised its stake in shares of Netflix by 740.0% during the second quarter. Signature Resources Capital Management LLC now owns 42 shares of the Internet television network’s stock worth $56,000 after purchasing an additional 37 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Trading Up 1.9%

Shares of NFLX stock opened at $1,214.25 on Thursday. Netflix, Inc. has a fifty-two week low of $677.88 and a fifty-two week high of $1,341.15. The stock has a market cap of $515.97 billion, a P/E ratio of 51.74, a P/E/G ratio of 2.00 and a beta of 1.59. The business has a fifty day simple moving average of $1,208.18 and a 200-day simple moving average of $1,163.77. 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 (NASDAQ:NFLX) last announced its quarterly 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 business had revenue of $11.08 billion during the quarter, compared to analysts’ expectations of $11.04 billion. During the same quarter last year, the business posted $4.88 earnings per share. The business’s revenue for the quarter 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. On average, analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on NFLX shares. Wells Fargo & Company upped their price target on Netflix from $1,500.00 to $1,560.00 and gave the stock an “overweight” rating in a research note on Friday, July 18th. Needham & Company LLC reiterated a “buy” rating and issued a $1,500.00 price objective on shares of Netflix in a research report on Wednesday, September 10th. Barclays reiterated a “sell” rating and issued a $1,100.00 price objective (up previously from $1,000.00) on shares of Netflix in a research report on Wednesday, July 9th. Pivotal Research reiterated a “buy” rating on shares of Netflix in a research report on Thursday, July 10th. Finally, The Goldman Sachs Group cut their price objective on Netflix from $1,310.00 to $1,300.00 and set a “neutral” rating for the company in a research report on Tuesday, September 30th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,337.63.

Insiders Place Their Bets

In related news, insider David A. Hyman sold 424 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the sale, the insider owned 31,610 shares of the company’s stock, valued at $36,625,558.70. This trade represents a 1.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 approximately $14,793,240.64. The trade was a 13.68% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 104,100 shares of company stock valued at $122,710,980. Company 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.