95,339 Shares in Netflix, Inc. $NFLX Bought by Aljian Capital Management LLC

Key Points

• Aljian Capital Management acquired 95,339 Netflix shares worth approximately $6.8 million in the second quarter, making Netflix its 10th-largest holding and 1.3% of its portfolio. Institutional investors collectively own 80.93% of Netflix.
• Netflix insiders have been significant sellers: CEO Theodore Sarandos sold 105,850 shares and Director Bradford Smith sold 35,990 shares under pre-arranged Rule 10b5-1 plans. Insiders sold roughly $49.1 million of stock over the past three months.
• Analysts maintain a generally positive view, with Netflix receiving a “Moderate Buy” consensus rating and an average price target of $103.48, despite recent target reductions and concerns about slowing sales growth. Shares opened at $77.77, while the company recently slightly exceeded quarterly EPS expectations and reported 13.4% year-over-year revenue growth.

Aljian Capital Management LLC acquired a new position in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 95,339 shares of the Internet television network's stock, valued at approximately $6,807,000. Netflix accounts for approximately 1.3% of Aljian Capital Management LLC's investment portfolio, making the stock its 10th biggest position.

Several other institutional investors have also recently added to or reduced their stakes in NFLX. Pacific Sun Financial Corp lifted its holdings in shares of Netflix by 1.6% in the 3rd quarter. Pacific Sun Financial Corp now owns 574 shares of the Internet television network's stock worth $688,000 after purchasing an additional 9 shares during the last quarter. Beaird Harris Wealth Management LLC grew its position in Netflix by 9.6% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 114 shares of the Internet television network's stock worth $137,000 after purchasing an additional 10 shares during the last quarter. Monograph Wealth Advisors LLC grew its position in Netflix by 1.8% in the 2nd quarter. Monograph Wealth Advisors LLC now owns 682 shares of the Internet television network's stock worth $913,000 after purchasing an additional 12 shares during the last quarter. Resources Management Corp CT ADV increased its stake in shares of Netflix by 2.0% in the second quarter. Resources Management Corp CT ADV now owns 829 shares of the Internet television network's stock valued at $1,110,000 after purchasing an additional 16 shares during the period. Finally, Sompo Asset Management Co. Ltd. increased its stake in shares of Netflix by 1.4% in the second quarter. Sompo Asset Management Co. Ltd. now owns 1,500 shares of the Internet television network's stock valued at $2,009,000 after purchasing an additional 20 shares during the period. Institutional investors own 80.93% of the company's stock.

Insider Buying and Selling

In related news, CEO Theodore A. Sarandos sold 105,850 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $73.03, for a total transaction of $7,730,225.50. Following the completion of the sale, the chief executive officer directly owned 206,266 shares of the company's stock, valued at $15,063,605.98. This represents a 33.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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, Director Bradford L. Smith sold 35,990 shares of the firm's stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $77.52, for a total transaction of $2,789,944.80. Following the sale, the director owned 79,690 shares of the company's stock, valued at $6,177,568.80. The trade was a 31.11% 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. Over the last three months, insiders have sold 600,295 shares of company stock worth $49,056,671. 1.24% of the stock is owned by insiders.

Key Stories Impacting 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

Analysts Set New Price Targets

NFLX has been the topic of a number of recent analyst reports. Guggenheim set a $75.00 price target on Netflix and gave the company a "buy" rating in a report on Friday, July 17th. TD Cowen decreased their price objective on Netflix from $112.00 to $100.00 and set a "buy" rating for the company in a report on Friday, July 17th. Piper Sandler restated an "overweight" rating and issued a $85.00 target price (down from $115.00) on shares of Netflix in a research report on Friday, July 17th. Citigroup reaffirmed a "market perform" rating on shares of Netflix in a research note on Monday. Finally, Daiwa Securities Group boosted their price target on Netflix from $97.00 to $102.00 and gave the stock an "outperform" rating in a research report on Thursday, April 23rd. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, seventeen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Netflix has an average rating of "Moderate Buy" and an average price target of $103.48.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $77.77 on Wednesday. Netflix, Inc. has a 12 month low of $65.08 and a 12 month high of $126.71. The stock has a market cap of $323.83 billion, a price-to-earnings ratio of 24.48, a PEG ratio of 0.98 and a beta of 1.52. The stock's 50 day moving average price is $74.46 and its 200 day moving average price is $84.41. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.14 and a quick ratio of 1.14.

Netflix (NASDAQ:NFLX - Get Free Report) last released its 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 firm had revenue of $12.56 billion during the quarter, compared to the consensus estimate of $12.58 billion. Netflix had a return on equity of 40.02% and a net margin of 28.22%.The firm's revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.72 earnings per share. Equities research analysts anticipate that Netflix, Inc. will post 3.59 earnings per share for the current fiscal year.

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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