Brucke Financial Inc. Lowers Stock Position in Netflix, Inc. $NFLX

Brucke Financial Inc. cut its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 9.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 684 shares of the Internet television network’s stock after selling 71 shares during the period. Brucke Financial Inc.’s holdings in Netflix were worth $916,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in NFLX. Nuveen LLC purchased a new position in Netflix during the first quarter valued at $2,385,585,000. Kingstone Capital Partners Texas LLC raised its position in shares of Netflix by 343,058.2% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 2,463,876 shares of the Internet television network’s stock worth $3,299,450,000 after purchasing an additional 2,463,158 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Netflix by 57.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network’s stock valued at $3,164,134,000 after buying an additional 1,236,251 shares in the last quarter. Amundi boosted its holdings in Netflix by 37.7% in the 1st quarter. Amundi now owns 2,070,221 shares of the Internet television network’s stock worth $1,898,496,000 after buying an additional 567,251 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Netflix by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network’s stock worth $35,433,585,000 after buying an additional 509,255 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NFLX. JPMorgan Chase & Co. raised their target price on Netflix from $1,230.00 to $1,300.00 and gave the company a “neutral” rating in a research report on Friday, July 18th. TD Cowen decreased their price objective on Netflix from $1,450.00 to $1,425.00 and set a “buy” rating on the stock in a report on Tuesday. BMO Capital Markets reaffirmed an “outperform” rating and set a $1,425.00 target price (up previously from $1,200.00) on shares of Netflix in a research note on Tuesday, July 15th. Itau BBA Securities started coverage on shares of Netflix in a research note on Tuesday. They issued an “outperform” rating and a $1,514.00 price target on the stock. Finally, UBS Group set a $1,425.00 price objective on shares of Netflix in a research note on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and a consensus price target of $1,337.63.

Insider Activity at Netflix

In other Netflix news, CEO Gregory K. Peters sold 2,026 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the completion of the transaction, the chief executive officer owned 12,781 shares of the company’s stock, valued at $14,793,240.64. This trade represents a 13.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $1,162.40, for a total transaction of $3,023,402.40. Following the sale, the chief financial officer directly owned 3,691 shares in the company, valued at $4,290,418.40. This represents a 41.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,100 shares of company stock valued at $122,710,980 over the last quarter. 1.37% of the stock is owned by insiders.

Netflix Trading Down 0.9%

Shares of NFLX opened at $1,220.08 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 12-month low of $677.88 and a 12-month high of $1,341.15. The firm has a 50-day moving average price of $1,210.84 and a 200 day moving average price of $1,167.10. The firm has a market capitalization of $518.45 billion, a P/E ratio of 51.98, a P/E/G ratio of 2.07 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $11.04 billion. During the same quarter in the prior year, the firm posted $4.88 earnings per share. Netflix’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. Sell-side analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

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.