Netflix, Inc. $NFLX Stock Holdings Lessened by Summit Place Financial Advisors LLC

Summit Place Financial Advisors LLC decreased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,466 shares of the Internet television network’s stock after selling 47 shares during the period. Netflix comprises about 3.0% of Summit Place Financial Advisors LLC’s holdings, making the stock its 5th largest position. Summit Place Financial Advisors LLC’s holdings in Netflix were worth $5,981,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of NFLX. Nuveen LLC purchased a new position in shares of Netflix during the first quarter valued at approximately $2,385,585,000. Kingstone Capital Partners Texas LLC lifted its holdings in Netflix by 343,058.2% during the second 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 acquiring an additional 2,463,158 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Netflix by 57.3% during the first quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network’s stock worth $3,164,134,000 after acquiring an additional 1,236,251 shares during the period. Amundi lifted its holdings in Netflix by 37.7% during the first quarter. Amundi now owns 2,070,221 shares of the Internet television network’s stock worth $1,898,496,000 after acquiring an additional 567,251 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Netflix by 1.4% during the first quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network’s stock worth $35,433,585,000 after acquiring an additional 509,255 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

Shares of NFLX opened at $1,220.08 on Friday. The firm has a market cap of $518.45 billion, a PE ratio of 51.98, a PEG ratio of 2.07 and a beta of 1.59. The stock’s fifty day moving average price is $1,210.84 and its two-hundred day moving average price is $1,167.10. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. Netflix, Inc. has a 1 year low of $677.88 and a 1 year high of $1,341.15.

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

Insider Activity at Netflix

In related news, CEO Theodore A. Sarandos sold 2,026 shares of the business’s stock in a transaction on 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 sale, the chief executive officer directly owned 15,168 shares in the company, valued at approximately $17,604,284.16. The trade was a 11.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,600 shares of the business’s stock in a transaction on 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 sale, the chief financial officer owned 3,691 shares in the company, valued at approximately $4,327,734.41. The trade was a 41.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,100 shares of company stock worth $122,710,980 in the last 90 days. 1.37% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

NFLX has been the topic of a number of recent analyst reports. Loop Capital upgraded Netflix from a “hold” rating to a “buy” rating and lifted their price target for the stock from $1,150.00 to $1,350.00 in a report on Wednesday, September 17th. Cowen reiterated a “buy” rating on shares of Netflix in a report on Tuesday. Wells Fargo & Company lifted their price target on Netflix from $1,500.00 to $1,560.00 and gave the stock an “overweight” rating in a report on Friday, July 18th. Morgan Stanley reiterated an “equal weight” rating on shares of Netflix in a report on Monday, July 21st. Finally, JPMorgan Chase & Co. lifted their price target on Netflix from $1,230.00 to $1,300.00 and gave the stock a “neutral” rating in a report on Friday, July 18th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $1,337.63.

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.