Hantz Financial Services Inc. Decreases Holdings in Netflix, Inc. $NFLX

Hantz Financial Services Inc. cut its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,393 shares of the Internet television network’s stock after selling 1,651 shares during the quarter. Netflix makes up 0.7% of Hantz Financial Services Inc.’s investment portfolio, making the stock its 25th largest holding. Hantz Financial Services Inc.’s holdings in Netflix were worth $44,718,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Stephens Consulting LLC increased its position in shares of Netflix by 150.0% during the 2nd quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock valued at $33,000 after purchasing an additional 15 shares during the last quarter. Rossby Financial LCC purchased a new stake in shares of Netflix during the 2nd quarter valued at $35,000. Flaharty Asset Management LLC purchased a new stake in shares of Netflix during the 1st quarter valued at $37,000. Maseco LLP purchased a new stake in shares of Netflix during the 2nd quarter valued at $39,000. Finally, LGT Financial Advisors LLC bought a new position in shares of Netflix during the 2nd quarter worth $40,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NFLX has been the subject of several research reports. Morgan Stanley set a $1,500.00 price target on Netflix in a research note on Monday, October 13th. Benchmark reiterated a “hold” rating on shares of Netflix in a research note on Wednesday, October 22nd. Canaccord Genuity Group reiterated a “buy” rating and set a $1,525.00 price target on shares of Netflix in a research note on Wednesday, October 22nd. Needham & Company LLC reiterated a “buy” rating and set a $1,500.00 price target on shares of Netflix in a research note on Wednesday, October 22nd. Finally, Seaport Res Ptn upgraded Netflix from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Netflix has a consensus rating of “Moderate Buy” and a consensus price target of $1,341.12.

Netflix Stock Down 0.2%

Shares of NASDAQ NFLX opened at $1,100.41 on Thursday. Netflix, Inc. has a 52 week low of $747.77 and a 52 week high of $1,341.15. The business has a 50-day simple moving average of $1,199.70 and a two-hundred day simple moving average of $1,192.74. 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 company has a market cap of $466.28 billion, a P/E ratio of 45.97, a P/E/G ratio of 1.91 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last issued its earnings results 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 return on equity of 41.86% and a net margin of 24.05%.The company had revenue of $11.51 billion during the quarter, compared to the consensus estimate of $11.52 billion. During the same quarter in the prior year, the business earned $5.40 EPS. The firm’s revenue for the quarter was up 17.2% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. Research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Theodore A. Sarandos sold 2,026 shares of Netflix stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the completion of the sale, the chief executive officer owned 15,168 shares in the company, valued at approximately $17,604,284.16. This trade represents a 11.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Gregory K. Peters sold 2,026 shares of Netflix stock in a transaction dated Tuesday, August 5th. The shares were 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 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 SEC filing for this sale provides additional information. In the last quarter, insiders have sold 104,100 shares of company stock worth $122,710,980. Company insiders own 1.37% of the company’s stock.

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.