HMS Capital Management LLC Sells 151 Shares of Netflix, Inc. $NFLX

HMS Capital Management LLC cut its position in Netflix, Inc. (NASDAQ:NFLX) by 4.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,919 shares of the Internet television network’s stock after selling 151 shares during the quarter. Netflix comprises about 1.3% of HMS Capital Management LLC’s holdings, making the stock its 19th largest position. HMS Capital Management LLC’s holdings in Netflix were worth $2,533,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. ZEGA Investments LLC raised its stake in shares of Netflix by 28.8% during the 1st quarter. ZEGA Investments LLC now owns 1,370 shares of the Internet television network’s stock valued at $1,278,000 after purchasing an additional 306 shares during the period. Van Lanschot Kempen Investment Management N.V. bought a new stake in shares of Netflix during the 1st quarter valued at $12,299,000. Berkshire Asset Management LLC PA bought a new stake in shares of Netflix during the 1st quarter valued at $192,000. BI Asset Management Fondsmaeglerselskab A S raised its stake in shares of Netflix by 24.3% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 43,463 shares of the Internet television network’s stock valued at $40,531,000 after purchasing an additional 8,505 shares during the period. Finally, Sumitomo Mitsui Financial Group Inc. raised its stake in shares of Netflix by 146.7% during the 1st quarter. Sumitomo Mitsui Financial Group Inc. now owns 200 shares of the Internet television network’s stock valued at $187,000 after purchasing an additional 628 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Insider Activity at Netflix

In related news, CEO Gregory K. Peters sold 2,026 shares of the stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the completion of the sale, the chief executive officer directly owned 12,781 shares in the company, valued at $14,793,240.64. This represents a 13.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Cletus R. Willems sold 238 shares of the stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total value of $274,537.76. The disclosure for this sale can be found here. Insiders sold a total of 146,307 shares of company stock worth $179,443,809 over the last three months. Corporate insiders own 1.37% of the company’s stock.

Netflix Price Performance

NFLX opened at $1,214.15 on Wednesday. The stock has a 50-day moving average price of $1,231.86 and a 200-day moving average price of $1,106.54. Netflix, Inc. has a 12-month low of $660.80 and a 12-month high of $1,341.15. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $515.93 billion, a P/E ratio of 51.73, a PEG ratio of 2.10 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the prior year, the business earned $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Equities analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NFLX. Piper Sandler boosted their price objective on Netflix from $1,400.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Friday, July 18th. Evercore ISI restated an “outperform” rating on shares of Netflix in a research report on Thursday, May 15th. TD Cowen boosted their target price on Netflix from $1,440.00 to $1,450.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Cfra Research upgraded Netflix to a “strong-buy” rating in a research report on Monday, April 28th. Finally, Morgan Stanley restated an “equal weight” rating on shares of Netflix in a research report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Netflix has an average rating of “Moderate Buy” and an average target price of $1,297.66.

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.