Netflix, Inc. $NFLX Shares Sold by Alight Capital Management LP

Key Points

• Alight Capital Management LP reduced its Netflix holdings by 41.2%, leaving it with 10,000 shares valued at approximately $9.33 million, making Netflix the fund's 7th largest holding.
• Multiple institutional investors, including Vanguard Group Inc. and GAMMA Investing LLC, increased their positions in Netflix, with Vanguard's stake totaling about $35.43 billion after a 1.4% increase.
• Netflix reported a quarterly EPS of $7.19, exceeding estimates, and achieved a 15.9% revenue growth year-over-year with a total revenue of $11.08 billion.

Alight Capital Management LP decreased its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 41.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,000 shares of the Internet television network's stock after selling 7,000 shares during the quarter. Netflix makes up about 4.3% of Alight Capital Management LP's investment portfolio, making the stock its 7th largest position. Alight Capital Management LP's holdings in Netflix were worth $9,325,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of NFLX. Vanguard Group Inc. boosted its stake in Netflix by 1.4% in 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 purchasing an additional 509,255 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Netflix by 2.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,732,066 shares of the Internet television network's stock worth $10,940,505,000 after purchasing an additional 304,399 shares in the last quarter. GAMMA Investing LLC boosted its stake in Netflix by 109,524.3% in the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock worth $8,239,576,000 after purchasing an additional 8,827,662 shares in the last quarter. Invesco Ltd. boosted its stake in Netflix by 8.3% in the first quarter. Invesco Ltd. now owns 4,664,818 shares of the Internet television network's stock worth $4,350,083,000 after purchasing an additional 356,617 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in Netflix by 3.5% in the first quarter. Wellington Management Group LLP now owns 4,385,666 shares of the Internet television network's stock worth $4,089,765,000 after purchasing an additional 148,675 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Buying and Selling

In other news, Director Reed Hastings sold 25,959 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $1,207.71, for a total value of $31,350,943.89. Following the completion of the sale, the director directly owned 394 shares of the company's stock, valued at $475,837.74. This trade represents a 98.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Gregory K. Peters sold 2,026 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the completion of the sale, the chief executive officer directly owned 12,781 shares of the company's stock, valued at approximately $14,793,240.64. The trade was a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 89,348 shares of company stock valued at $109,498,489. 1.37% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Jefferies Financial Group reissued a "buy" rating on shares of Netflix in a research note on Tuesday, August 12th. Piper Sandler upped their price target on Netflix from $1,400.00 to $1,500.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. UBS Group reaffirmed a "market underperform" rating on shares of Netflix in a research note on Saturday, July 19th. Robert W. Baird upped their price target on Netflix from $1,300.00 to $1,500.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Finally, Pivotal Research reaffirmed a "buy" rating on shares of Netflix in a research note on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $1,317.58.

Netflix Stock Down 1.1%

NASDAQ NFLX traded down $13.66 during trading hours on Friday, hitting $1,243.82. 2,378,410 shares of the company traded hands, compared to its average volume of 2,541,951. The business's 50-day moving average is $1,225.36 and its 200-day moving average is $1,123.79. Netflix, Inc. has a twelve month low of $660.80 and a twelve month high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a market capitalization of $528.53 billion, a price-to-earnings ratio of 53.00, a P/E/G ratio of 2.12 and a beta of 1.60.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating the consensus estimate of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm had revenue of $11.08 billion during the quarter, compared to analysts' expectations of $11.04 billion. During the same period in the prior year, the firm posted $4.88 earnings per share. The business's quarterly revenue was up 15.9% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Sell-side analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Netflix 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.