21,264 Netflix, Inc. $NFLX Shares Sold by North Point Portfolio Managers Corp OH

North Point Portfolio Managers Corp OH lessened its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 18.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 93,102 shares of the Internet television network’s stock after selling 21,264 shares during the period. North Point Portfolio Managers Corp OH’s holdings in Netflix were worth $6,478,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Nykredit A S purchased a new position in Netflix in the 2nd quarter worth approximately $105,697,000. Rockland Trust Co. grew its position in Netflix by 27.5% in the third quarter. Rockland Trust Co. now owns 219,221 shares of the Internet television network’s stock worth $15,253,000 after acquiring an additional 47,339 shares in the last quarter. University of Texas Texas AM Investment Management Co. increased its stake in Netflix by 798.5% in the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 42,542 shares of the Internet television network’s stock valued at $3,989,000 after acquiring an additional 37,807 shares during the last quarter. Ritholtz Wealth Management increased its stake in Netflix by 25.0% in the first quarter. Ritholtz Wealth Management now owns 106,451 shares of the Internet television network’s stock valued at $10,235,000 after acquiring an additional 21,260 shares during the last quarter. Finally, Wittenberg Investment Management Inc. raised its position in Netflix by 889.8% during the fourth quarter. Wittenberg Investment Management Inc. now owns 14,530 shares of the Internet television network’s stock valued at $1,362,000 after purchasing an additional 13,062 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Netflix

In related news, CEO Gregory Peters sold 27,312 shares of Netflix stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $73.54, for a total value of $2,008,524.48. Following the transaction, the chief executive officer directly owned 120,931 shares of the company’s stock, valued at $8,893,265.74. The trade was a 18.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider David Hyman sold 5,723 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $72.85, for a total transaction of $416,920.55. Following the sale, the insider owned 316,100 shares of the company’s stock, valued at $23,027,885. This represents a 1.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 179,045 shares of company stock valued at $13,132,194. 1.24% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on NFLX shares. CICC Research reduced their price objective on Netflix from $110.00 to $90.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 21st. Rothschild & Co Redburn decreased their price target on shares of Netflix from $120.00 to $93.00 and set a “buy” rating on the stock in a research note on Tuesday, July 21st. CLSA began coverage on shares of Netflix in a report on Monday, July 20th. They issued an “outperform” rating for the company. KGI Securities cut shares of Netflix from an “outperform” rating to a “neutral” rating and set a $75.00 price objective for the company. in a research note on Friday, July 17th. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $95.00 price objective (up from $84.00) on shares of Netflix in a research note on Tuesday, August 25th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Netflix presently has an average rating of “Moderate Buy” and a consensus price target of $94.94.

Netflix Trading Up 0.9%

NFLX stock traded up $0.64 during trading on Wednesday, hitting $69.33. 14,638,177 shares of the company traded hands, compared to its average volume of 42,414,520. The company has a 50-day moving average of $75.60 and a 200-day moving average of $81.79. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.14 and a current ratio of 1.14. Netflix, Inc. has a 1 year low of $65.08 and a 1 year high of $124.86. The firm has a market capitalization of $288.67 billion, a PE ratio of 21.80, a P/E/G ratio of 0.95 and a beta of 1.62.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, July 16th. The Internet television network reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. Netflix had a return on equity of 40.02% and a net margin of 28.22%.The business had revenue of $12.56 billion for the quarter, compared to analysts’ expectations of $12.58 billion. During the same period in the previous year, the firm earned $0.72 EPS. The business’s quarterly revenue was up 13.4% on a year-over-year basis. Analysts predict that Netflix, Inc. will post 3.59 earnings per share for the current fiscal year.

Netflix News Summary

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: The completed Paramount-Warner Bros. merger creates a heavily indebted rival that must manage integration, content spending and debt repayment. That financial burden could give Netflix additional breathing room while the combined company adjusts its streaming strategy. Netflix Gains Breathing Room as a Major Studio Merger Closes
• Positive Sentiment: Some analysts believe Netflix’s valuation and established streaming position could support a rebound toward $100, although forecasts vary widely, with other analysts expecting further downside. NFLX Price Predictions 2027
• Neutral Sentiment: Netflix generated $13.65 billion in trailing net income and $11.15 billion in free cash flow. While cash flow is below reported earnings, the difference is described as a normal feature of the company’s business rather than an immediate warning sign. Is Netflix’s Free Cash Flow Keeping Pace With Its Reported Earnings?
• Negative Sentiment: Netflix is entering a more mature phase, and management’s projected 13.3% revenue growth this year may be difficult to sustain. Investors are tempering expectations for future expansion, a key reason cited for the stock’s decline. One Number That Might Explain Why Netflix Stock Is Down
• Negative Sentiment: Rising live-sports rights costs are challenging Netflix’s margin-expansion story because spending is increasing faster than amortization while sports programming generates relatively limited viewing hours. Are Rising Live Sports Costs a Margin Threat to Netflix Stockholders?
• Negative Sentiment: Despite Netflix’s strong profitability, valuation concerns remain if margins stop expanding and growth slows. Shares are trading below their 50-day and 200-day moving averages, reflecting continued investor caution. Netflix Looks Priced for Margins to Stop Growing

Netflix Company Profile

Netflix, Inc (NASDAQ:NFLX) is a global entertainment company that operates a subscription-based streaming service. It offers a broad range of television series, films, documentaries, and other programming, including original productions developed under the Netflix brand and licensed content from third-party studios.

The company also provides advertising-supported viewing options in some markets and has expanded into related entertainment categories, including mobile and cloud-based games, live programming, and consumer products associated with selected titles.