Stonebridge Financial Group LLC Sells 69 Shares of Netflix, Inc. $NFLX

Stonebridge Financial Group LLC reduced its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 9.2% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 678 shares of the Internet television network’s stock after selling 69 shares during the quarter. Stonebridge Financial Group LLC’s holdings in Netflix were worth $908,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC lifted its position in Netflix by 5.0% in the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock valued at $4,804,000 after acquiring an additional 257 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in Netflix by 16.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock valued at $912,000 after acquiring an additional 144 shares in the last quarter. Wedge Capital Management L L P NC bought a new position in Netflix in the 1st quarter valued at approximately $214,000. Wealthcare Advisory Partners LLC lifted its position in Netflix by 11.4% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 2,148 shares of the Internet television network’s stock valued at $2,003,000 after acquiring an additional 220 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Netflix by 17.6% in the 1st quarter. GAMMA Investing LLC now owns 9,475 shares of the Internet television network’s stock valued at $8,836,000 after acquiring an additional 1,415 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Gregory K. Peters sold 2,026 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer directly owned 12,781 shares of the company’s stock, valued at approximately $14,793,240.64. This trade represents a 13.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Reed Hastings sold 42,176 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,100 shares of company stock worth $122,710,980 in the last quarter. Company insiders own 1.37% of the company’s stock.

Netflix Price Performance

Shares of Netflix stock opened at $1,231.07 on Friday. Netflix, Inc. has a one year low of $677.88 and a one year high of $1,341.15. The stock’s fifty day moving average is $1,209.61 and its 200 day moving average is $1,165.56. The stock has a market cap of $523.12 billion, a P/E ratio of 52.45, a P/E/G ratio of 2.04 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping 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 earned $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. Sell-side analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NFLX. Rosenblatt Securities upped their price objective 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. Jefferies Financial Group reaffirmed a “buy” rating on shares of Netflix in a research report on Thursday, September 11th. Barclays reaffirmed a “sell” rating and issued a $1,100.00 price objective (up from $1,000.00) on shares of Netflix in a research report on Wednesday, July 9th. BMO Capital Markets reissued an “outperform” rating and set a $1,425.00 price target (up from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. Finally, Wells Fargo & Company increased their price target on Netflix from $1,500.00 to $1,560.00 and gave the company an “overweight” rating in a report on Friday, July 18th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,337.63.

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.