Focus Partners Advisor Solutions LLC Sells 782 Shares of Netflix, Inc. $NFLX

Focus Partners Advisor Solutions LLC decreased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 14.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,467 shares of the Internet television network’s stock after selling 782 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Netflix were worth $5,974,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. BG Investment Services Inc. bought a new position in shares of Netflix during the second quarter valued at approximately $338,000. Resurgent Financial Advisors LLC grew its stake in Netflix by 234.4% in the first quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network’s stock worth $942,000 after purchasing an additional 708 shares in the last quarter. MRA Advisory Group grew its stake in Netflix by 28.4% in the second quarter. MRA Advisory Group now owns 919 shares of the Internet television network’s stock worth $1,231,000 after purchasing an additional 203 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in Netflix by 42.1% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 441,861 shares of the Internet television network’s stock worth $412,059,000 after purchasing an additional 130,946 shares in the last quarter. Finally, Sava Infond d.o.o. grew its stake in Netflix by 25.1% in the second quarter. Sava Infond d.o.o. now owns 1,495 shares of the Internet television network’s stock worth $2,002,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Insider Activity

In other news, Director Reed Hastings sold 42,176 shares of the stock in a transaction on Wednesday, October 1st. The stock was 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 owned 394 shares in the company, valued at approximately $461,736.48. This represents a 99.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Cletus R. Willems sold 238 shares of the stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total value of $274,537.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 104,100 shares of company stock worth $122,710,980. Company insiders own 1.37% of the company’s stock.

Netflix Stock Down 1.7%

Shares of NASDAQ NFLX opened at $1,094.69 on Friday. The company has a current ratio of 1.33, a quick ratio of 1.34 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $463.85 billion, a PE ratio of 45.73, a price-to-earnings-growth ratio of 1.92 and a beta of 1.59. The stock’s fifty day simple moving average is $1,207.21 and its two-hundred day simple moving average is $1,185.28. Netflix, Inc. has a 12-month low of $747.77 and a 12-month high of $1,341.15.

Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.88 by ($1.01). The company had revenue of $11.51 billion for the quarter, compared to the consensus estimate of $11.52 billion. Netflix had a net margin of 24.05% and a return on equity of 41.86%. The firm’s revenue was up 17.2% compared to the same quarter last year. During the same period last year, the business posted $5.40 EPS. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. As a group, analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on NFLX shares. Jefferies Financial Group reissued a “buy” rating and issued a $1,500.00 price objective on shares of Netflix in a research note on Wednesday. Weiss Ratings reissued a “buy (b)” rating on shares of Netflix in a research note on Wednesday, October 8th. The Goldman Sachs Group dropped their price objective on Netflix from $1,310.00 to $1,300.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 30th. Citigroup reissued a “neutral” rating and issued a $1,295.00 price objective (up previously from $1,280.00) on shares of Netflix in a research note on Friday, October 3rd. Finally, Sanford C. Bernstein reissued a “buy” rating on shares of Netflix in a research note on Friday, October 17th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,352.78.

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.