AlphaQuest LLC Cuts Stock Position in Netflix, Inc. $NFLX

Key Points

• AlphaQuest LLC has decreased its stake in Netflix, Inc. by 56.3%, owning only 499 shares after selling 644 during the first quarter, valued at approximately $465,000.
• Analyst ratings for Netflix are mixed, with one analyst stating a Strong Buy, while Barclays and Phillip Securities have given sell ratings, indicating some uncertainty in investor sentiment.
• Netflix recently reported earnings of $7.19 EPS, exceeding expectations, with revenue growth of 15.9% compared to the same quarter last year.

AlphaQuest LLC lessened its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 56.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 499 shares of the Internet television network's stock after selling 644 shares during the quarter. AlphaQuest LLC's holdings in Netflix were worth $465,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of NFLX. Halbert Hargrove Global Advisors LLC increased its stake in shares of Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after purchasing an additional 13 shares in the last quarter. Brown Shipley& Co Ltd acquired a new stake in Netflix in the 4th quarter worth about $27,000. Copia Wealth Management purchased a new stake in Netflix during the 4th quarter worth approximately $37,000. Stuart Chaussee & Associates Inc. raised its holdings in shares of Netflix by 4,500.0% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock valued at $41,000 after acquiring an additional 45 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Netflix during the first quarter valued at approximately $42,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on NFLX shares. Morgan Stanley reiterated an "equal weight" rating on shares of Netflix in a research report on Monday, July 21st. Evercore ISI reaffirmed an "outperform" rating on shares of Netflix in a research note on Thursday, May 15th. Phillip Securities cut shares of Netflix from a "hold" rating to a "strong sell" rating in a research report on Monday, July 21st. Wells Fargo & Company raised their price target on shares of Netflix from $1,500.00 to $1,560.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. Finally, Barclays reaffirmed a "sell" rating and set a $1,100.00 price objective (up previously from $1,000.00) on shares of Netflix in a research note on Wednesday, July 9th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $1,297.66.

Insider Buying and Selling

In other news, insider Cletus R. Willems sold 238 shares of the company's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $1,153.52, for a total value of $274,537.76. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Spencer Adam Neumann sold 685 shares of the firm's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $1,161.21, for a total value of $795,428.85. Following the sale, the chief financial officer directly owned 3,691 shares of the company's stock, valued at $4,286,026.11. The trade was a 15.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 145,667 shares of company stock valued at $178,679,156. 1.37% of the stock is currently owned by company insiders.

Netflix Stock Performance

Netflix stock opened at $1,226.09 on Wednesday. The firm has a 50 day simple moving average of $1,231.37 and a 200-day simple moving average of $1,113.86. The stock has a market cap of $521.00 billion, a price-to-earnings ratio of 52.24, a price-to-earnings-growth ratio of 2.05 and a beta of 1.59. 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 $660.80 and a 1-year high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last released 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. The firm had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business's revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

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.

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