Netflix, Inc. $NFLX Shares Sold by Frisch Financial Group Inc.

Frisch Financial Group Inc. cut its stake in Netflix, Inc. (NASDAQ:NFLX) by 2.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 493 shares of the Internet television network’s stock after selling 14 shares during the quarter. Frisch Financial Group Inc.’s holdings in Netflix were worth $460,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in NFLX. Fullcircle Wealth LLC lifted its stake in shares of Netflix by 2.5% in the first quarter. Fullcircle Wealth LLC now owns 369 shares of the Internet television network’s stock valued at $344,000 after purchasing an additional 9 shares during the period. Capital Analysts LLC grew its position in Netflix by 0.3% during the first quarter. Capital Analysts LLC now owns 2,620 shares of the Internet television network’s stock worth $2,443,000 after buying an additional 9 shares during the period. Mission Creek Capital Partners Inc. increased its holdings in Netflix by 0.3% in the fourth quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network’s stock valued at $3,410,000 after buying an additional 10 shares in the last quarter. Continuum Wealth Advisors LLC boosted its stake in shares of Netflix by 4.4% during the 1st quarter. Continuum Wealth Advisors LLC now owns 235 shares of the Internet television network’s stock worth $219,000 after acquiring an additional 10 shares in the last quarter. Finally, Financial Enhancement Group LLC grew its holdings in shares of Netflix by 2.5% in the 1st quarter. Financial Enhancement Group LLC now owns 412 shares of the Internet television network’s stock worth $384,000 after acquiring an additional 10 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Activity at Netflix

In related news, Director Jay C. Hoag sold 31,750 shares of the firm’s stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $1,252.35, for a total value of $39,762,112.50. Following the sale, the director directly owned 63,040 shares of the company’s stock, valued at approximately $78,948,144. This trade represents a 33.50% 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, Director Reed Hastings sold 26,933 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $1,211.66, for a total transaction of $32,633,638.78. Following the transaction, the director directly owned 394 shares in the company, valued at approximately $477,394.04. This represents a 98.56% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 146,307 shares of company stock valued at $179,443,809. Insiders own 1.37% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Sanford C. Bernstein lifted their price objective on Netflix from $1,200.00 to $1,390.00 and gave the stock an “outperform” rating in a report on Thursday, July 17th. Canaccord Genuity Group restated a “buy” rating on shares of Netflix in a report on Thursday, July 10th. BMO Capital Markets restated an “outperform” rating and set a $1,425.00 target price (up previously from $1,200.00) on shares of Netflix in a research report on Tuesday, July 15th. KeyCorp raised their price objective on shares of Netflix from $1,070.00 to $1,390.00 and gave the stock an “overweight” rating in a research note on Thursday, July 10th. Finally, Oppenheimer upped their target price on Netflix from $1,200.00 to $1,425.00 and gave the company an “outperform” rating in a research note on Thursday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and an average price target of $1,297.66.

Netflix Trading Down 2.5%

Shares of NFLX opened at $1,214.15 on Wednesday. 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 market capitalization of $515.93 billion, a PE ratio of 51.73, a price-to-earnings-growth ratio of 2.10 and a beta of 1.59. The stock has a fifty day moving average of $1,231.86 and a two-hundred day moving average of $1,106.54. 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 announced its quarterly earnings data 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 business had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The business’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, analysts forecast that Netflix, Inc. will post 24.58 EPS for the current 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.