Netflix, Inc. $NFLX Stock Position Lowered by Slow Capital Inc.

Slow Capital Inc. trimmed its holdings in Netflix, Inc. (NASDAQ:NFLX) by 0.1% during the second quarter, Holdings Channel.com reports. The fund owned 34,698 shares of the Internet television network’s stock after selling 29 shares during the period. Netflix accounts for 5.7% of Slow Capital Inc.’s investment portfolio, making the stock its 2nd largest holding. Slow Capital Inc.’s holdings in Netflix were worth $46,465,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in NFLX. Roundview Capital LLC lifted its holdings in shares of Netflix by 7.6% in the second quarter. Roundview Capital LLC now owns 6,199 shares of the Internet television network’s stock valued at $8,301,000 after purchasing an additional 437 shares in the last quarter. Sachetta LLC increased its stake in shares of Netflix by 18.8% during the 2nd quarter. Sachetta LLC now owns 139 shares of the Internet television network’s stock worth $186,000 after purchasing an additional 22 shares in the last quarter. Sunbeam Capital Management LLC increased its stake in shares of Netflix by 60.2% during the 2nd quarter. Sunbeam Capital Management LLC now owns 745 shares of the Internet television network’s stock worth $998,000 after purchasing an additional 280 shares in the last quarter. CFM Wealth Partners LLC raised its position in shares of Netflix by 24.4% during the 2nd quarter. CFM Wealth Partners LLC now owns 6,569 shares of the Internet television network’s stock worth $8,797,000 after purchasing an additional 1,288 shares during the last quarter. Finally, 626 Financial LLC lifted its stake in Netflix by 132.7% in the 2nd quarter. 626 Financial LLC now owns 1,417 shares of the Internet television network’s stock valued at $1,898,000 after buying an additional 808 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. KeyCorp raised their price target on Netflix from $1,070.00 to $1,390.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. Phillip Securities lowered Netflix from a “hold” rating to a “strong sell” rating in a research note on Monday, July 21st. Needham & Company LLC reissued a “buy” rating and issued a $1,500.00 target price on shares of Netflix in a research note on Wednesday, September 10th. Robert W. Baird upped their target price 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. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $1,425.00 price target (up from $1,200.00) on shares of Netflix in a research note on Tuesday, July 15th. 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 issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,335.00.

Netflix Price Performance

Netflix stock opened at $1,163.31 on Tuesday. Netflix, Inc. has a 1 year low of $677.88 and a 1 year high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. The firm has a 50 day moving average price of $1,207.13 and a 200 day moving average price of $1,163.23. The company has a market cap of $494.33 billion, a price-to-earnings ratio of 49.57, a PEG ratio of 1.94 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping the consensus estimate of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The company had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. During the same period in the prior year, the firm posted $4.88 earnings per share. The firm’s 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. Sell-side analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Reed Hastings sold 42,176 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the transaction, the director owned 394 shares in the company, valued at approximately $461,736.48. The trade was a 99.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Spencer Adam Neumann sold 2,600 shares of the stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $1,172.51, for a total value of $3,048,526.00. Following the completion of the transaction, the chief financial officer directly owned 3,691 shares of the company’s stock, valued at $4,327,734.41. This represents a 41.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,100 shares of company stock valued at $122,710,980 over the last three months. 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.