Howard Financial Services LTD. Lowers Stock Holdings in Netflix, Inc. $NFLX

Howard Financial Services LTD. trimmed its position in Netflix, Inc. (NASDAQ:NFLX) by 4.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,018 shares of the Internet television network’s stock after selling 49 shares during the quarter. Howard Financial Services LTD.’s holdings in Netflix were worth $1,363,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of NFLX. Brighton Jones LLC lifted its holdings in shares of Netflix by 5.0% in the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock worth $4,804,000 after buying an additional 257 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of Netflix by 16.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock worth $912,000 after buying an additional 144 shares in the last quarter. Raiffeisen Bank International AG purchased a new stake in shares of Netflix in the fourth quarter worth about $6,981,000. Sora Investors LLC purchased a new stake in shares of Netflix in the fourth quarter worth about $7,619,000. Finally, Silvercrest Asset Management Group LLC lifted its holdings in shares of Netflix by 8.9% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 7,161 shares of the Internet television network’s stock worth $6,383,000 after buying an additional 588 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Stock Down 1.3%

Shares of NASDAQ NFLX opened at $1,188.44 on Friday. 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 current ratio of 1.34 and a quick ratio of 1.34. The firm’s 50 day simple moving average is $1,218.15 and its two-hundred day simple moving average is $1,131.45. The stock has a market capitalization of $505.00 billion, a P/E ratio of 50.64, a PEG ratio of 2.03 and a beta of 1.60.

Netflix (NASDAQ:NFLX) last issued its quarterly 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. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business had revenue of $11.08 billion for the quarter, compared to analysts’ expectations of $11.04 billion. During the same period last year, the business earned $4.88 earnings per share. The business’s quarterly revenue 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. As a group, analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In other Netflix news, Director Reed Hastings sold 25,959 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $1,207.71, for a total transaction of $31,350,943.89. Following the transaction, the director directly owned 394 shares in the company, valued at $475,837.74. This trade represents a 98.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $1,162.40, for a total transaction of $3,023,402.40. Following the transaction, the chief financial officer owned 3,691 shares in the company, valued at $4,290,418.40. The trade was a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 89,348 shares of company stock valued at $109,498,489 over the last ninety days. Insiders own 1.37% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Canaccord Genuity Group restated a “buy” rating on shares of Netflix in a research report on Thursday, July 10th. Pivotal Research restated a “buy” rating on shares of Netflix in a research report on Thursday, July 10th. TD Cowen upped their price objective on shares of Netflix from $1,440.00 to $1,450.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Phillip Securities cut shares of Netflix from a “hold” rating to a “strong sell” rating in a research report on Monday, July 21st. Finally, Seaport Res Ptn cut shares of Netflix from a “strong-buy” rating to a “hold” rating in a research report on Sunday, July 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,317.58.

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.