Netflix, Inc. $NFLX Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lessened its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 58,209 shares of the Internet television network’s stock after selling 2,045 shares during the period. Netflix makes up approximately 0.9% of Oppenheimer Asset Management Inc.’s portfolio, making the stock its 13th biggest holding. Oppenheimer Asset Management Inc.’s holdings in Netflix were worth $77,949,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Stephens Consulting LLC increased its position in shares of Netflix by 150.0% in the second quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock valued at $33,000 after buying an additional 15 shares in the last quarter. Maseco LLP purchased a new position in shares of Netflix in the second quarter valued at $39,000. LGT Financial Advisors LLC purchased a new position in shares of Netflix in the second quarter valued at $40,000. Mid American Wealth Advisory Group Inc. purchased a new position in shares of Netflix in the second quarter valued at $44,000. Finally, Ransom Advisory Ltd purchased a new position in shares of Netflix in the second quarter valued at $47,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

NASDAQ NFLX opened at $1,094.69 on Friday. The business’s 50-day moving average price is $1,207.21 and its 200 day moving average price is $1,187.47. Netflix, Inc. has a twelve month low of $747.77 and a twelve month high of $1,341.15. The company has a market capitalization of $463.85 billion, a PE ratio of 45.73, a price-to-earnings-growth ratio of 1.89 and a beta of 1.59. The company has a current ratio of 1.33, a quick ratio of 1.34 and a debt-to-equity ratio of 0.56.

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

Insiders Place Their Bets

In other news, Director Reed Hastings sold 42,176 shares of the stock in a transaction dated 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 sale, the director owned 394 shares in the company, valued at approximately $461,736.48. This trade represents a 99.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Theodore A. Sarandos sold 2,026 shares of the stock in a transaction dated 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 completion of 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. In the last 90 days, insiders have sold 104,100 shares of company stock worth $122,710,980. 1.37% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on NFLX shares. Piper Sandler restated an “overweight” rating and issued a $1,400.00 price objective (down from $1,500.00) on shares of Netflix in a research report on Wednesday. Itau BBA Securities started coverage on Netflix in a research report on Tuesday, October 7th. They issued an “outperform” rating and a $1,514.00 price objective on the stock. Loop Capital upgraded Netflix from a “hold” rating to a “buy” rating and upped their price objective for the company from $1,150.00 to $1,350.00 in a research report on Wednesday, September 17th. Cowen restated a “buy” rating on shares of Netflix in a research report on Tuesday, October 7th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $1,500.00 target price on shares of Netflix in a research report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.