Baer Investment Advisory LLC Sells 124 Shares of Netflix, Inc. $NFLX

Baer Investment Advisory LLC decreased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 6.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,943 shares of the Internet television network’s stock after selling 124 shares during the quarter. Netflix accounts for about 3.7% of Baer Investment Advisory LLC’s investment portfolio, making the stock its 14th biggest position. Baer Investment Advisory LLC’s holdings in Netflix were worth $2,602,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Brighton Jones LLC boosted its holdings in shares of Netflix by 5.0% in the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock valued at $4,804,000 after purchasing an additional 257 shares during the period. Revolve Wealth Partners LLC boosted its holdings in shares of Netflix by 16.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock valued at $912,000 after purchasing an additional 144 shares during the period. Bartlett & CO. Wealth Management LLC boosted its holdings in shares of Netflix by 24.2% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 318 shares of the Internet television network’s stock valued at $297,000 after purchasing an additional 62 shares during the period. 3Chopt Investment Partners LLC purchased a new stake in shares of Netflix in the first quarter valued at approximately $409,000. Finally, Golden State Wealth Management LLC boosted its holdings in shares of Netflix by 3.7% in the first quarter. Golden State Wealth Management LLC now owns 1,129 shares of the Internet television network’s stock valued at $1,053,000 after purchasing an additional 40 shares during the period. 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%

Netflix stock opened at $1,094.69 on Monday. The business has a fifty day moving average of $1,207.21 and a two-hundred day moving average of $1,189.16. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.56. The firm has a market cap of $463.85 billion, a P/E ratio of 45.73, a P/E/G ratio of 1.89 and a beta of 1.59. Netflix, Inc. has a twelve month low of $747.77 and a twelve month high of $1,341.15.

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NFLX. Sanford C. Bernstein reiterated a “buy” rating on shares of Netflix in a report on Friday, October 17th. Benchmark reiterated a “hold” rating on shares of Netflix in a report on Wednesday, October 22nd. Loop Capital upgraded Netflix from a “hold” rating to a “buy” rating and boosted their price target for the company from $1,150.00 to $1,350.00 in a report on Wednesday, September 17th. Morgan Stanley set a $1,500.00 target price on Netflix in a report on Monday, October 13th. Finally, KeyCorp upped their target price on Netflix from $1,070.00 to $1,390.00 and gave the stock an “overweight” rating in a report on Thursday, July 10th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Netflix has an average rating of “Moderate Buy” and an average price target of $1,352.78.

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.