Netflix, Inc. $NFLX is Slow Capital Inc.’s 2nd Largest Position

Slow Capital Inc. lessened its stake in Netflix, Inc. (NASDAQ:NFLX) by 0.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,698 shares of the Internet television network’s stock after selling 29 shares during the period. Netflix accounts for approximately 5.7% of Slow Capital Inc.’s portfolio, making the stock its 2nd largest position. Slow Capital Inc.’s holdings in Netflix were worth $46,465,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in NFLX. Roundview Capital LLC lifted its holdings in shares of Netflix by 7.6% in the 2nd quarter. Roundview Capital LLC now owns 6,199 shares of the Internet television network’s stock valued at $8,301,000 after purchasing an additional 437 shares during the last quarter. Sachetta LLC grew its stake in Netflix by 18.8% during the 2nd quarter. Sachetta LLC now owns 139 shares of the Internet television network’s stock worth $186,000 after buying an additional 22 shares during the last quarter. Sunbeam Capital Management LLC increased its position in Netflix by 60.2% during the second quarter. Sunbeam Capital Management LLC now owns 745 shares of the Internet television network’s stock worth $998,000 after buying an additional 280 shares during the period. CFM Wealth Partners LLC increased its position in Netflix by 24.4% during the second quarter. CFM Wealth Partners LLC now owns 6,569 shares of the Internet television network’s stock worth $8,797,000 after buying an additional 1,288 shares during the period. Finally, 626 Financial LLC lifted its stake in Netflix by 132.7% in the second quarter. 626 Financial LLC now owns 1,417 shares of the Internet television network’s stock valued at $1,898,000 after buying an additional 808 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on NFLX shares. Wedbush restated an “outperform” rating and set a $1,500.00 target price (up from $1,400.00) on shares of Netflix in a research report on Monday, July 14th. Jefferies Financial Group reissued a “buy” rating on shares of Netflix in a research report on Thursday, September 11th. Canaccord Genuity Group reaffirmed a “buy” rating on shares of Netflix in a report on Thursday, July 10th. Oppenheimer increased their target price on shares of Netflix from $1,200.00 to $1,425.00 and gave the stock an “outperform” rating in a research note on Thursday, June 12th. Finally, Rosenblatt Securities boosted their price target on Netflix from $1,514.00 to $1,515.00 and gave the company a “buy” rating in a research report on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and a consensus price target of $1,335.00.

Insider Activity

In other news, Director Reed Hastings sold 42,176 shares of Netflix stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total transaction of $49,426,897.92. Following the completion of the sale, the director directly owned 394 shares in the company, valued at approximately $461,736.48. This trade represents a 99.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 2,026 shares of the business’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total value 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 trade represents a 13.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,100 shares of company stock valued at $122,710,980 in the last quarter. Insiders own 1.37% of the company’s stock.

Netflix Trading Up 0.9%

Shares of NFLX stock opened at $1,163.31 on Tuesday. The business’s fifty day moving average price is $1,207.13 and its 200 day moving average price is $1,163.23. The firm has a market capitalization of $494.33 billion, a PE ratio of 49.57, a P/E/G ratio of 1.94 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. Netflix, Inc. has a 1-year low of $677.88 and a 1-year high of $1,341.15.

Netflix (NASDAQ:NFLX) last released its 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 return on equity of 42.50% and a net margin of 24.58%.The company had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter last year, the company earned $4.88 earnings per share. Netflix’s quarterly revenue 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. As a group, sell-side analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Netflix Company 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.