Netflix, Inc. $NFLX Shares Sold by Baxter Bros Inc.

Baxter Bros Inc. lowered its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 9.1% in the first quarter, Holdings Channel reports. The firm owned 129,985 shares of the Internet television network’s stock after selling 12,953 shares during the period. Netflix makes up about 1.5% of Baxter Bros Inc.’s investment portfolio, making the stock its 20th biggest position. Baxter Bros Inc.’s holdings in Netflix were worth $12,498,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NFLX. Imprint Wealth LLC purchased a new stake in Netflix during the third quarter worth approximately $25,000. Promus Capital LLC acquired a new position in shares of Netflix during the 3rd quarter valued at $48,000. Wealth Watch Advisors INC acquired a new position in shares of Netflix during the 3rd quarter valued at $103,000. Strategic Wealth Investment Group LLC purchased a new stake in Netflix during the 2nd quarter worth $121,000. Finally, Tortoise Investment Management LLC boosted its position in Netflix by 10.8% during the 3rd quarter. Tortoise Investment Management LLC now owns 92 shares of the Internet television network’s stock worth $110,000 after purchasing an additional 9 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analysts Set New Price Targets

NFLX has been the subject of several recent research reports. Weiss Ratings downgraded Netflix from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, June 26th. Sanford C. Bernstein restated an “outperform” rating on shares of Netflix in a research note on Thursday, June 4th. Rosenblatt Securities decreased their target price on Netflix from $96.00 to $95.00 and set a “neutral” rating for the company in a research report on Friday, April 17th. Barclays set a $110.00 target price on Netflix and gave the company an “equal weight” rating in a research note on Friday, April 17th. Finally, Citigroup reiterated a “market perform” rating on shares of Netflix in a report on Thursday, June 18th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, sixteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and a consensus price target of $114.26.

Key Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Several commentators say Netflix remains an attractive buy before earnings, citing its expanding ad business, potential live-sports upside, and other overlooked growth drivers that could support revenue and margins. 3 Reasons to Load Up on Netflix Stock Before July 16
• Positive Sentiment: Netflix was also highlighted by investors and market commentators as a stock to own ahead of the next market rally, reinforcing that some view the recent selloff as a buying opportunity. 3 Unstoppable Stocks to Buy Before the Next Market Rally — Including Netflix (NFLX) Stock
• Positive Sentiment: Netflix was featured in CNBC “Final Trades,” suggesting some traders still see a favorable short-term setup despite recent volatility. Netflix, Alphabet, Nike And A Consumer Defensive Stock On CNBC’s ‘Final Trades’
• Neutral Sentiment: Netflix is set to report second-quarter earnings on July 16, keeping the stock in focus as investors look for confirmation that growth is reaccelerating. Netflix Will Report Q2 Earnings on July 16. Here’s Goldman’s Take on NFLX Stock
• Negative Sentiment: Recent articles warn that Netflix may be facing a structural engagement problem, with viewers dropping shows before later seasons and competition from short-form “microdramas” threatening longer-form streaming habits. Netflix invented binge-watching. Now it may have outgrown it. Netflix: Don’t Overlook The Structural Threat Of Microdramas
• Negative Sentiment: Analyst and market coverage also noted that NFLX has been weak recently, with the stock falling as the market gained, reflecting investor caution ahead of earnings. Netflix (NFLX) Stock Sinks As Market Gains: Here’s Why
• Negative Sentiment: Options traders are pricing in a large move around earnings, signaling uncertainty and a potentially volatile reaction if results or guidance disappoint. How Wide Is The Range Of Possibilities For Netflix Stock?

Netflix Stock Down 2.1%

Shares of NASDAQ:NFLX opened at $76.02 on Tuesday. The firm has a market cap of $320.11 billion, a PE ratio of 24.55, a price-to-earnings-growth ratio of 0.99 and a beta of 1.52. The company has a fifty day simple moving average of $83.46 and a 200 day simple moving average of $88.25. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.43. Netflix, Inc. has a 12-month low of $70.86 and a 12-month high of $129.50.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, April 16th. The Internet television network reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.47. The firm had revenue of $12.25 billion for the quarter, compared to the consensus estimate of $12.17 billion. Netflix had a net margin of 28.52% and a return on equity of 40.92%. The firm’s revenue was up 16.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.61 EPS. Netflix has set its Q2 2026 guidance at 0.780-0.780 EPS. On average, equities research analysts anticipate that Netflix, Inc. will post 3.6 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Gregory K. Peters sold 27,312 shares of Netflix stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $88.69, for a total value of $2,422,301.28. Following the completion of the transaction, the chief executive officer directly owned 120,931 shares in the company, valued at approximately $10,725,370.39. This trade represents a 18.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Reed Hastings sold 407,550 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $93.13, for a total value of $37,955,131.50. Following the completion of the sale, the director directly owned 3,940 shares of the company’s stock, valued at approximately $366,932.20. This represents a 99.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 899,839 shares of company stock valued at $80,141,661. 1.24% of the stock is owned by company insiders.

About Netflix

Netflix, Inc (NASDAQ: NFLX) is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company’s primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.