Azimuth Capital Investment Management LLC Has $6.60 Million Stake in Netflix, Inc. $NFLX

Key Points

• Azimuth Capital reduced its Netflix stake by 12.5% in the second quarter, selling 13,228 shares and retaining 92,384 shares valued at approximately $6.60 million. Institutional investors collectively own 80.93% of Netflix.
• Netflix reported quarterly revenue of $12.56 billion, up 13.4% year over year, and earnings of $0.80 per share, slightly exceeding analyst expectations. Its advertising business and subscription price increases could support future monetization, though they risk increasing cancellations.
• Netflix insiders sold roughly $15.8 million worth of stock over the past 90 days, while analysts maintain a consensus “Moderate Buy” rating with an average price target of $96.65 versus the stock’s recent price of $78.25.

Azimuth Capital Investment Management LLC reduced its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 12.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,384 shares of the Internet television network's stock after selling 13,228 shares during the quarter. Azimuth Capital Investment Management LLC's holdings in Netflix were worth $6,596,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Brighton Jones LLC raised its stake in shares of Netflix by 5.0% in the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock worth $4,804,000 after acquiring an additional 257 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of 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 purchasing an additional 144 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in shares of Netflix by 21.2% in the second quarter. Sivia Capital Partners LLC now owns 1,406 shares of the Internet television network's stock valued at $1,883,000 after purchasing an additional 246 shares in the last quarter. Strategic Investment Advisors MI raised its position in Netflix by 18.9% in the 2nd quarter. Strategic Investment Advisors MI now owns 774 shares of the Internet television network's stock worth $1,036,000 after purchasing an additional 123 shares during the last quarter. Finally, Schnieders Capital Management LLC. raised its position in Netflix by 12.1% in the 2nd quarter. Schnieders Capital Management LLC. now owns 2,115 shares of the Internet television network's stock worth $2,832,000 after purchasing an additional 228 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

More Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix raised subscription prices in the U.K., a market that generates roughly 20% of the company’s EMEA revenue. The increase could boost average revenue per member and profitability if subscriber retention remains strong. Netflix hikes UK prices for the second time in 2026
• Positive Sentiment: Netflix’s advertising business continues to attract investor interest, with advertiser growth, programmatic access and artificial-intelligence tools potentially creating a second monetization engine beyond subscriptions. Netflix Stock Rebound Fuels Ad Growth Talk
• Positive Sentiment: Recent bullish commentary points to Netflix’s roughly 325 million paid memberships, strong margins and potential for additional monetization. The stock also benefited previously from bargain buying after reaching a 52-week low. Why Netflix Stock Gained 13% in August
• Neutral Sentiment: Speculation about possible streaming acquisitions has drawn attention, but regulatory barriers, controlling shareholders and potentially high purchase prices make a deal uncertain and provide no immediate earnings benefit. Netflix’s Acquisition Wishlist
• Negative Sentiment: Investors appear focused on the risk that repeated U.K. price increases could weigh on subscriber growth or increase cancellations, particularly after Netflix raised U.S. prices earlier this year. Netflix Stock Falls as Streamer Raises U.K. Price
• Negative Sentiment: Higher interest rates are pressuring long-duration growth companies and higher-multiple media stocks, creating a valuation-driven headwind for Netflix even as its operating outlook remains solid. Netflix Falls as Rate Repricing Pressures Growth Stocks

Insider Buying and Selling at Netflix

In other news, CEO Gregory Peters sold 27,312 shares of the business's stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $73.54, for a total value of $2,008,524.48. Following the completion of the transaction, the chief executive officer owned 120,931 shares of the company's stock, valued at $8,893,265.74. The trade was a 18.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Spencer Neumann sold 9,248 shares of the company's stock in a transaction on Monday, August 10th. The shares were sold at an average price of $75.79, for a total transaction of $700,905.92. Following the completion of the sale, the chief financial officer owned 73,787 shares of the company's stock, valued at approximately $5,592,316.73. This represents a 11.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 213,595 shares of company stock worth $15,812,072 over the last ninety days. 1.24% of the stock is owned by corporate insiders.

Netflix Stock Performance

NASDAQ:NFLX opened at $78.25 on Monday. Netflix, Inc. has a 1-year low of $65.08 and a 1-year high of $126.71. The business's 50-day moving average price is $75.52 and its two-hundred day moving average price is $84.45. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $325.83 billion, a price-to-earnings ratio of 24.63, a PEG ratio of 1.10 and a beta of 1.53.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.01. The company had revenue of $12.56 billion during the quarter, compared to analyst estimates of $12.58 billion. Netflix had a return on equity of 40.02% and a net margin of 28.22%.The company's revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.72 EPS. On average, equities analysts expect that Netflix, Inc. will post 3.59 earnings per share for the current year.

Analysts Set New Price Targets

NFLX has been the subject of several research reports. KeyCorp reissued an "overweight" rating and issued a $92.00 target price (down from $115.00) on shares of Netflix in a research note on Monday, July 13th. Guggenheim set a $75.00 price target on Netflix and gave the company a "buy" rating in a report on Friday, July 17th. Barclays lowered their price objective on Netflix from $85.00 to $80.00 and set an "equal weight" rating for the company in a research report on Friday, July 17th. UBS Group dropped their price objective on Netflix from $130.00 to $115.00 and set a "buy" rating for the company in a report on Friday, July 17th. Finally, BMO Capital Markets restated an "outperform" rating on shares of Netflix in a research report on Friday, August 14th. Four analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, sixteen have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $96.65.

Netflix Company Profile

Netflix, Inc NASDAQ: NFLX is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company's primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.

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