Asio Capital LLC Reduces Stock Holdings in Netflix, Inc. $NFLX

Key Points

• Asio Capital LLC reduced its holdings in **Netflix, Inc.** by **16.8%** during the 2nd quarter, owning 7,275 shares valued at approximately **$9.74 million**.
• Multiple large investors, such as **Nuveen LLC** and **Goldman Sachs Group Inc.**, have recently increased their stakes in **Netflix**, indicating a strong interest from institutional investors.
• **Netflix** has received mixed ratings from analysts, with **Zacks Research** downgrading it to a "hold" while other firms maintain a "buy" rating with price targets around **$1,500**.

Asio Capital LLC trimmed its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 16.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,275 shares of the Internet television network's stock after selling 1,473 shares during the quarter. Netflix accounts for about 1.6% of Asio Capital LLC's portfolio, making the stock its 18th largest position. Asio Capital LLC's holdings in Netflix were worth $9,742,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in NFLX. Nuveen LLC purchased a new stake in Netflix during the 1st quarter valued at about $2,385,585,000. Kingstone Capital Partners Texas LLC grew its stake in Netflix by 343,058.2% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 2,463,876 shares of the Internet television network's stock valued at $3,299,450,000 after purchasing an additional 2,463,158 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Netflix by 57.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network's stock valued at $3,164,134,000 after purchasing an additional 1,236,251 shares during the last quarter. Amundi grew its stake in Netflix by 37.7% during the 1st quarter. Amundi now owns 2,070,221 shares of the Internet television network's stock valued at $1,898,496,000 after purchasing an additional 567,251 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in 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 purchasing an additional 509,255 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Insider Buying and Selling

In related news, Director Reed Hastings sold 25,959 shares of the company's stock in a transaction dated 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 transaction, the director owned 394 shares of the company's stock, valued at approximately $475,837.74. This represents a 98.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory K. Peters sold 2,026 shares of the company's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the completion of the transaction, the chief executive officer directly owned 12,781 shares of the company's stock, valued at $14,793,240.64. The trade was a 13.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 59,324 shares of company stock worth $70,235,556 in the last ninety days. 1.37% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on NFLX. Zacks Research downgraded Netflix from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 1st. Needham & Company LLC reiterated a "buy" rating and set a $1,500.00 price target on shares of Netflix in a research note on Wednesday, September 10th. Piper Sandler upped their target price on Netflix from $1,400.00 to $1,500.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. Phillip Securities downgraded Netflix from a "hold" rating to a "strong sell" rating in a research note on Monday, July 21st. Finally, Robert W. Baird upped their target price on Netflix from $1,300.00 to $1,500.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $1,328.87.

Netflix Stock Down 0.3%

Shares of NFLX opened at $1,206.41 on Tuesday. The company has a market capitalization of $512.63 billion, a price-to-earnings ratio of 51.40, a PEG ratio of 2.04 and a beta of 1.60. Netflix, Inc. has a 52 week low of $677.88 and a 52 week high of $1,341.15. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. The stock's 50-day moving average price is $1,208.21 and its 200-day moving average price is $1,155.55.

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

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.

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