Netflix, Inc. $NFLX Shares Sold by 111 Capital

111 Capital decreased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 49.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,161 shares of the Internet television network’s stock after selling 3,065 shares during the quarter. Netflix comprises about 0.7% of 111 Capital’s investment portfolio, making the stock its 22nd biggest position. 111 Capital’s holdings in Netflix were worth $4,233,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in NFLX. Halbert Hargrove Global Advisors LLC boosted its holdings in shares of Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock worth $25,000 after purchasing an additional 13 shares during the last quarter. Flaharty Asset Management LLC acquired a new position in shares of Netflix in the 1st quarter valued at $37,000. Maseco LLP acquired a new position in shares of Netflix in the 2nd quarter valued at $39,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Netflix in the 1st quarter valued at $42,000. Finally, 1248 Management LLC acquired a new position in shares of Netflix in the 1st quarter valued at $43,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analysts Set New Price Targets

NFLX has been the topic of a number of research analyst reports. Canaccord Genuity Group reiterated a “buy” rating on shares of Netflix in a report on Thursday, July 10th. Wall Street Zen lowered shares of Netflix from a “buy” rating to a “hold” rating in a report on Saturday. Robert W. Baird lifted their price target on shares of Netflix from $1,300.00 to $1,500.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Wedbush reiterated an “outperform” rating and issued a $1,500.00 price target (up previously from $1,400.00) on shares of Netflix in a report on Monday, July 14th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Netflix in a report on Thursday, September 11th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,335.00.

Insider Buying and Selling

In other news, insider Cletus R. Willems sold 238 shares of the business’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total value of $274,537.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Theodore A. Sarandos sold 2,026 shares of the business’s 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 directly owned 15,168 shares of the company’s stock, valued at $17,604,284.16. The trade was a 11.78% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 104,100 shares of company stock worth $122,710,980. 1.37% of the stock is currently owned by insiders.

Netflix Stock Performance

Netflix stock opened at $1,153.32 on Friday. Netflix, Inc. has a 12-month low of $677.88 and a 12-month high of $1,341.15. The company has a market capitalization of $490.08 billion, a price-to-earnings ratio of 49.14, a price-to-earnings-growth ratio of 1.96 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. The firm’s fifty day moving average price is $1,207.36 and its 200 day moving average price is $1,158.96.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter in the previous year, the firm posted $4.88 EPS. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

About Netflix

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.