27,580 Shares in Netflix, Inc. $NFLX Acquired by Alpine Woods Capital Investors LLC

Key Points

• Alpine Woods Capital Investors acquired 27,580 Netflix shares worth approximately $1.97 million during the second quarter. Hedge funds and institutional investors collectively own 80.93% of Netflix.
• Netflix reported quarterly EPS of $0.80, slightly beating estimates, while revenue reached $12.56 billion, up 13.4% year over year but narrowly below expectations. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $103.48.
• Institutional buying was offset by insider selling: CEO Theodore Sarandos and CFO Spencer Neumann sold shares, with insiders disposing of about $49.1 million in stock over the past 90 days.

Alpine Woods Capital Investors LLC acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 27,580 shares of the Internet television network's stock, valued at approximately $1,969,000.

Other hedge funds have also recently modified their holdings of the company. Turning Point Benefit Group Inc. grew its stake in Netflix by 13,400.0% during the 4th quarter. Turning Point Benefit Group Inc. now owns 270 shares of the Internet television network's stock worth $25,000 after buying an additional 268 shares during the last quarter. Imprint Wealth LLC acquired a new stake in Netflix during the 3rd quarter worth $25,000. Cornerstone Financial Management LLC acquired a new stake in Netflix during the 4th quarter worth $26,000. Atlas Capital Advisors Inc. purchased a new position in Netflix during the 4th quarter worth $26,000. Finally, Jessup Wealth Management Inc acquired a new position in Netflix in the fourth quarter valued at $27,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Trading Up 2.3%

Shares of Netflix stock opened at $77.77 on Wednesday. Netflix, Inc. has a 1 year low of $65.08 and a 1 year high of $126.71. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.14 and a quick ratio of 1.14. The business has a 50 day moving average price of $74.46 and a 200 day moving average price of $84.41. The company has a market capitalization of $323.83 billion, a P/E ratio of 24.48, a P/E/G ratio of 0.98 and a beta of 1.52.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.01. The company had revenue of $12.56 billion during the quarter, compared to analysts' expectations of $12.58 billion. Netflix had a return on equity of 40.02% and a net margin of 28.22%.The business's revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.72 earnings per share. Sell-side analysts anticipate that Netflix, Inc. will post 3.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Citigroup reaffirmed a "market perform" rating on shares of Netflix in a report on Monday. Jefferies Financial Group dropped their target price on Netflix from $128.00 to $110.00 and set a "buy" rating on the stock in a research report on Wednesday, June 10th. Daiwa Securities Group lifted their price target on Netflix from $97.00 to $102.00 and gave the company an "outperform" rating in a research note on Thursday, April 23rd. Raymond James Financial reaffirmed a "market perform" rating on shares of Netflix in a report on Thursday, May 14th. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $90.00 price objective (down from $115.00) on shares of Netflix in a research report on Tuesday, July 14th. Four research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, seventeen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Netflix presently has an average rating of "Moderate Buy" and a consensus price target of $103.48.

Trending Headlines about Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Bill Ackman’s return provided the main catalyst. Pershing Square disclosed a new Netflix position after previously exiting the stock at a substantial loss. Ackman’s renewed interest signals confidence in Netflix’s valuation, earnings growth, margins and long-term streaming position. Netflix Climbs 4% on Ackman’s Return
• Positive Sentiment: Investors are rotating toward beaten-down software and technology shares. Netflix benefited as capital moved out of semiconductor stocks and some AI-related trades, supporting a wider rebound in software and internet companies. Netflix, Salesforce, and Adobe Rally
• Positive Sentiment: Analysts and bullish investors see valuation upside. Recent commentary highlights Netflix’s margin expansion, buybacks and double-digit revenue growth, while several reports argue that the sharp decline from its peak creates an attractive entry point. The company also recently delivered a small quarterly EPS beat and year-over-year revenue growth.
• Neutral Sentiment: Technical momentum has improved, but the recovery is incomplete. Netflix has extended a recent rebound and is attempting to reclaim key moving averages, although the shares remain well below the 200-day average and are still down materially for the year. Is the Bottom in for Netflix Stock?
• Neutral Sentiment: Hedge-fund positioning was mixed. Q2 portfolio reshuffling showed that some institutional investors remain cautious even as Ackman re-entered the stock, limiting the strength of the bullish signal. Netflix Draws Mixed Signals
• Negative Sentiment: Slowing sales and guidance concerns continue to weigh on sentiment. Investors remain focused on moderating revenue growth and whether third-quarter revenue and earnings expectations can support the current valuation.
• Negative Sentiment: Insider selling added a cautionary signal. Netflix’s CFO reportedly sold nearly $5.6 million of company stock, potentially reinforcing investor concerns despite the transaction not necessarily indicating a change in business fundamentals. Netflix CFO Dumps Nearly $5.6 Million in Stock

Insider Activity

In related news, CEO Theodore A. Sarandos sold 27,312 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $73.35, for a total transaction of $2,003,335.20. Following the transaction, the chief executive officer directly owned 178,954 shares in the company, valued at approximately $13,126,275.90. This represents a 13.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Spencer Adam Neumann sold 9,248 shares of the stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $75.79, for a total transaction of $700,905.92. Following the transaction, the chief financial officer owned 73,787 shares in the company, valued at approximately $5,592,316.73. The trade was a 11.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 600,295 shares of company stock valued at $49,056,671 in the last 90 days. Insiders own 1.24% of the company's stock.

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.

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