Global Assets Advisory LLC Reduces Stock Holdings in Netflix, Inc. $NFLX

Global Assets Advisory LLC lowered its stake in shares of Netflix, Inc. (NASDAQ:NFLXFree Report) by 28.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,739 shares of the Internet television network’s stock after selling 686 shares during the quarter. Netflix makes up about 0.9% of Global Assets Advisory LLC’s holdings, making the stock its 25th biggest position. Global Assets Advisory LLC’s holdings in Netflix were worth $2,250,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Netflix by 1.4% in the first quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network’s stock valued at $35,433,585,000 after acquiring an additional 509,255 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Netflix by 2.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,732,066 shares of the Internet television network’s stock valued at $10,940,505,000 after purchasing an additional 304,399 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of Netflix by 1.0% in the 1st quarter. Alliancebernstein L.P. now owns 5,194,939 shares of the Internet television network’s stock valued at $4,844,436,000 after purchasing an additional 53,611 shares during the period. Invesco Ltd. grew its stake in Netflix by 8.3% during the 1st quarter. Invesco Ltd. now owns 4,664,818 shares of the Internet television network’s stock worth $4,350,083,000 after buying an additional 356,617 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in Netflix by 3.5% during the first quarter. Wellington Management Group LLP now owns 4,385,666 shares of the Internet television network’s stock worth $4,089,765,000 after buying an additional 148,675 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Buying and Selling

In other Netflix news, Director Reed Hastings sold 42,176 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the transaction, the director directly owned 394 shares in the company, valued at approximately $461,736.48. This represents a 99.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gregory K. Peters sold 2,026 shares of the firm’s 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 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 104,100 shares of company stock valued at $122,710,980. Company insiders own 1.37% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on NFLX shares. Sanford C. Bernstein increased their price objective on Netflix from $1,200.00 to $1,390.00 and gave the company an “outperform” rating in a report on Thursday, July 17th. Citigroup reiterated a “neutral” rating and set a $1,295.00 price target (up previously from $1,280.00) on shares of Netflix in a research note on Friday. TD Cowen raised 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. BMO Capital Markets reaffirmed an “outperform” rating and issued a $1,425.00 target price (up from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. Finally, KeyCorp raised their price target on Netflix from $1,070.00 to $1,390.00 and gave the stock an “overweight” rating in a report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and an average price target of $1,335.00.

Check Out Our Latest Research Report on Netflix

Netflix Stock Performance

Shares of NFLX opened at $1,153.32 on Monday. Netflix, Inc. has a 12-month low of $677.88 and a 12-month high of $1,341.15. The stock has a market cap of $490.08 billion, a P/E ratio of 49.14, a PEG ratio of 1.94 and a beta of 1.59. 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 company has a 50-day moving average of $1,207.36 and a two-hundred day moving average of $1,161.81.

Netflix (NASDAQ:NFLXGet Free Report) last issued its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $11.04 billion. During the same period last year, the company posted $4.88 EPS. The company’s 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, research analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Netflix Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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