Parkside Investments LLC Cuts Stock Holdings in Netflix, Inc. $NFLX

Parkside Investments LLC lessened its holdings in Netflix, Inc. (NASDAQ:NFLX) by 16.7% during the second quarter, HoldingsChannel.com reports. The fund owned 1,000 shares of the Internet television network’s stock after selling 200 shares during the quarter. Parkside Investments LLC’s holdings in Netflix were worth $1,339,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in NFLX. Halbert Hargrove Global Advisors LLC lifted its position in Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock valued at $25,000 after purchasing an additional 13 shares during the last quarter. Flaharty Asset Management LLC purchased a new position in Netflix during the first quarter valued at approximately $37,000. Maseco LLP purchased a new position in Netflix during the second quarter valued at approximately $39,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Netflix in the first quarter valued at approximately $42,000. Finally, 1248 Management LLC acquired a new stake in Netflix in the first quarter valued at approximately $43,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on NFLX shares. TD Cowen boosted their target price 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. Wedbush reissued an “outperform” rating and set a $1,500.00 target price (up from $1,400.00) on shares of Netflix in a research note on Monday, July 14th. Jefferies Financial Group reissued a “buy” rating on shares of Netflix in a research note on Thursday, September 11th. Needham & Company LLC reissued a “buy” rating and set a $1,500.00 target price on shares of Netflix in a report on Wednesday, September 10th. Finally, Seaport Res Ptn downgraded Netflix from a “strong-buy” rating to a “hold” rating in a research note on Sunday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,328.87.

Netflix Trading Down 0.3%

Shares of Netflix stock opened at $1,206.41 on Tuesday. 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 has a market cap of $512.63 billion, a PE ratio of 51.40, a P/E/G ratio of 2.04 and a beta of 1.60. Netflix, Inc. has a 1 year low of $677.88 and a 1 year high of $1,341.15. The stock has a fifty day moving average price of $1,208.21 and a 200-day moving average price of $1,155.55.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data 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 company had revenue of $11.08 billion for the quarter, compared to analysts’ expectations of $11.04 billion. During the same period last year, the firm posted $4.88 EPS. Netflix’s revenue for the quarter was up 15.9% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Equities research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Activity at Netflix

In related news, CEO Gregory K. Peters sold 2,026 shares of the company’s stock in a transaction on 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 owned 12,781 shares in the company, valued at approximately $14,793,240.64. This represents a 13.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Theodore A. Sarandos sold 2,026 shares of the company’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total value 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 disclosure for this sale can be found here. Insiders have sold 59,324 shares of company stock valued at $70,235,556 in the last 90 days. 1.37% of the stock is owned by company insiders.

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.