Ardsley Advisory Partners LP Has $6.81 Million Stock Position in Netflix, Inc. $NFLX

Key Points

• Ardsley Advisory Partners LP reduced its stake in Netflix by 33.6%, owning 7,300 shares valued at $6.81 million, making it the firm's 24th largest holding.
• Several other institutional investors, including Atalanta Sosnoff Capital LLC and Amundi, increased their stakes in Netflix, indicating ongoing interest in the company despite Ardsley's reduction.
• Netflix reported a quarterly EPS of $7.19, surpassing expectations, with revenues of $11.08 billion, reflecting a 15.9% year-over-year growth.

Ardsley Advisory Partners LP reduced its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 33.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,300 shares of the Internet television network's stock after selling 3,700 shares during the quarter. Netflix makes up about 1.3% of Ardsley Advisory Partners LP's investment portfolio, making the stock its 24th biggest holding. Ardsley Advisory Partners LP's holdings in Netflix were worth $6,807,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Netflix by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock valued at $35,433,585,000 after acquiring an additional 509,255 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Netflix by 2.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,732,066 shares of the Internet television network's stock valued at $10,940,505,000 after purchasing an additional 304,399 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Netflix by 109,524.3% during 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 during the period. Invesco Ltd. lifted its position in shares of Netflix by 8.3% in the 1st quarter. Invesco Ltd. now owns 4,664,818 shares of the Internet television network's stock worth $4,350,083,000 after buying an additional 356,617 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of Netflix by 3.5% in the 1st quarter. Wellington Management Group LLP now owns 4,385,666 shares of the Internet television network's stock worth $4,089,765,000 after buying an additional 148,675 shares during the last quarter. Institutional investors own 80.93% of the company's stock.

Netflix Stock Performance

Shares of NASDAQ NFLX traded down $13.66 during midday trading on Friday, reaching $1,243.82. 2,378,410 shares of the company traded hands, compared to its average volume of 2,541,951. The company has a market cap of $528.53 billion, a price-to-earnings ratio of 53.00, a PEG ratio of 2.12 and a beta of 1.60. The stock has a 50-day moving average price of $1,225.36 and a 200 day moving average price of $1,123.79. Netflix, Inc. has a 52 week low of $660.80 and a 52 week high of $1,341.15. 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 released its 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 net margin of 24.58% and a return on equity of 42.50%. The firm had revenue of $11.08 billion for the quarter, compared to analysts' expectations of $11.04 billion. During the same quarter last year, the company earned $4.88 EPS. 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. Sell-side analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Reed Hastings sold 25,959 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was 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 SEC, which is available through the SEC website. Also, insider David A. Hyman sold 424 shares of the firm's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the transaction, the insider owned 31,610 shares of the company's stock, valued at approximately $36,625,558.70. This trade represents a 1.32% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 89,348 shares of company stock valued at $109,498,489. 1.37% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

NFLX has been the subject of a number of recent research reports. KeyCorp boosted their price objective on shares of Netflix from $1,070.00 to $1,390.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Oppenheimer lifted their target price on Netflix from $1,200.00 to $1,425.00 and gave the company an "outperform" rating in a research note on Thursday, June 12th. Evercore ISI reissued an "outperform" rating on shares of Netflix in a report on Thursday, May 15th. Sanford C. Bernstein upped their price objective on Netflix from $1,200.00 to $1,390.00 and gave the stock an "outperform" rating in a research note on Thursday, July 17th. Finally, Loop Capital reissued a "hold" rating on shares of Netflix in a report on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, Netflix presently has an average rating of "Moderate Buy" and an average target price of $1,317.58.

About Netflix

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.