Netflix, Inc. $NFLX Shares Sold by HBK Sorce Advisory LLC

HBK Sorce Advisory LLC cut its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,140 shares of the Internet television network’s stock after selling 62 shares during the quarter. HBK Sorce Advisory LLC’s holdings in Netflix were worth $8,222,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in NFLX. Brighton Jones LLC lifted its holdings in Netflix by 5.0% during the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock worth $4,804,000 after buying an additional 257 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of 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 purchasing an additional 144 shares in the last quarter. Golden State Wealth Management LLC raised its holdings in shares of Netflix by 3.7% in the 1st 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 in the last quarter. Rovin Capital UT ADV acquired a new stake in shares of Netflix in the 1st quarter valued at $225,000. Finally, Vontobel Holding Ltd. raised its holdings in shares of Netflix by 26.3% in the 1st quarter. Vontobel Holding Ltd. now owns 35,556 shares of the Internet television network’s stock valued at $33,157,000 after purchasing an additional 7,412 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Netflix news, CEO Theodore A. Sarandos sold 2,026 shares of the firm’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the transaction, the chief executive officer directly 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 transaction of $2,344,973.44. Following the transaction, the chief executive officer directly owned 12,781 shares in the company, valued at $14,793,240.64. The trade was a 13.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 104,100 shares of company stock worth $122,710,980 over the last three months. Company insiders own 1.37% of the company’s stock.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $1,100.41 on Thursday. The company’s fifty day moving average price is $1,199.70 and its 200 day moving average price is $1,192.74. Netflix, Inc. has a 12 month low of $747.77 and a 12 month high of $1,341.15. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.33. The firm has a market capitalization 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 announced its quarterly 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 for the quarter, compared to analyst estimates of $11.52 billion. During the same quarter in the prior year, the business earned $5.40 earnings per share. Netflix’s revenue 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. As a group, sell-side analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on NFLX. Citigroup restated a “neutral” rating and issued a $1,295.00 price objective (up from $1,280.00) on shares of Netflix in a report on Friday, October 3rd. Wedbush reduced their price objective on shares of Netflix from $1,500.00 to $1,400.00 and set an “outperform” rating on the stock in a report on Wednesday, October 22nd. BMO Capital Markets restated an “outperform” rating and issued a $1,425.00 price objective (up from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. Guggenheim restated a “buy” rating and issued a $1,450.00 price objective on shares of Netflix in a report on Wednesday, October 22nd. Finally, Jefferies Financial Group restated a “buy” rating and issued a $1,500.00 price objective on shares of Netflix in a report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,341.12.

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.