Alyeska Investment Group L.P. Sells 39,628 Shares of Netflix, Inc. $NFLX

Key Points

• Alyeska Investment Group L.P. reduced its stake in Netflix, Inc. by 19.6% during the first quarter, owning 162,047 shares valued at approximately $151.1 million after selling 39,628 shares.
• Netflix reported a quarterly earnings per share (EPS) of $7.19, exceeding analysts' expectations of $7.07, and achieved revenue of $11.08 billion, marking a 15.9% increase year-over-year.
• As of now, 80.93% of Netflix's stock is held by institutional investors, indicating strong institutional interest in the company.

Alyeska Investment Group L.P. decreased its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 19.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 162,047 shares of the Internet television network's stock after selling 39,628 shares during the period. Alyeska Investment Group L.P.'s holdings in Netflix were worth $151,114,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in NFLX. Brighton Jones LLC boosted its position in Netflix by 5.0% in the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock valued at $4,804,000 after buying an additional 257 shares in the last quarter. Revolve Wealth Partners LLC boosted its position in Netflix by 16.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock valued at $912,000 after buying an additional 144 shares in the last quarter. Ancora Advisors LLC boosted its position in Netflix by 7.1% in the fourth quarter. Ancora Advisors LLC now owns 1,222 shares of the Internet television network's stock valued at $1,089,000 after buying an additional 81 shares in the last quarter. Cary Street Partners Financial LLC acquired a new stake in Netflix in the fourth quarter valued at approximately $1,945,000. Finally, Bridgefront Capital LLC acquired a new stake in Netflix in the fourth quarter valued at approximately $218,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Activity

In related news, Director Reed Hastings sold 25,959 shares of Netflix stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $1,207.71, for a total transaction of $31,350,943.89. Following the completion of the transaction, the director 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Theodore A. Sarandos sold 2,026 shares of Netflix stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the transaction, the chief executive officer directly owned 15,168 shares of the company's stock, valued at $17,604,284.16. This represents a 11.78% decrease in their position. The disclosure for this sale can be found here. Insiders sold 89,348 shares of company stock worth $109,498,489 over the last ninety days. Corporate insiders own 1.37% of the company's stock.

Netflix Trading Down 1.1%

NASDAQ NFLX traded down $13.66 during mid-day trading on Friday, reaching $1,243.82. 2,378,410 shares of the stock were exchanged, compared to its average volume of 2,541,951. Netflix, Inc. has a one year low of $660.80 and a one year high of $1,341.15. The stock has a 50 day simple moving average of $1,225.36 and a 200-day simple moving average of $1,123.79. The stock has a market cap of $528.53 billion, a P/E ratio of 53.00, a P/E/G ratio of 2.12 and a beta of 1.60. 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 (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping analysts' consensus estimates of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter last year, the firm earned $4.88 earnings per share. Netflix's quarterly revenue was up 15.9% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Wells Fargo & Company raised their target price on shares of Netflix from $1,500.00 to $1,560.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. TD Cowen raised their price target on shares of Netflix from $1,440.00 to $1,450.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Zacks Research downgraded shares of Netflix from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 1st. Bank of America raised their price target on shares of Netflix from $1,175.00 to $1,490.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Finally, KeyCorp raised their price target on shares of Netflix from $1,070.00 to $1,390.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Netflix currently has an average rating of "Moderate Buy" and a consensus target price of $1,317.58.

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.