Netflix, Inc. $NFLX Shares Sold by Graham Capital Management L.P.

Key Points

• Graham Capital Management L.P. has significantly reduced its stake in Netflix, Inc. by selling 14,200 shares, resulting in a 58.1% decrease in ownership, leaving them with 10,258 shares valued at approximately $9.57 million.
• Institutional investors currently hold 80.93% of Netflix's stock, with notable transactions including GAMMA Investing LLC's massive increase in holdings by over 109,524%.
• Netflix's stock has recently experienced a 1.9% decline, with current trading at $1,208.25 and a market cap of $513.42 billion; analysts have varied outlooks, with price targets ranging from $1,100 to $1,515.

Graham Capital Management L.P. trimmed its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 58.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,258 shares of the Internet television network's stock after selling 14,200 shares during the quarter. Graham Capital Management L.P.'s holdings in Netflix were worth $9,566,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NFLX. Halbert Hargrove Global Advisors LLC lifted its position in Netflix by 100.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after acquiring an additional 13 shares during the period. Brown Shipley& Co Ltd acquired a new stake in Netflix during the 4th quarter worth about $27,000. Copia Wealth Management acquired a new stake in Netflix during the 4th quarter worth about $37,000. Stuart Chaussee & Associates Inc. lifted its position in Netflix by 4,500.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after acquiring an additional 45 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Netflix in the 1st quarter valued at about $42,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Stock Up 1.0%

Shares of NASDAQ NFLX traded up $12.07 during mid-day trading on Wednesday, hitting $1,226.18. The company had a trading volume of 2,464,163 shares, compared to its average volume of 4,060,054. The company has a market capitalization of $521.04 billion, a PE ratio of 52.24, a price-to-earnings-growth ratio of 2.03 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, Inc. has a 1-year low of $660.80 and a 1-year high of $1,341.15. The business's 50-day simple moving average is $1,228.91 and its 200 day simple moving average is $1,120.25.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating analysts' consensus estimates of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The company had revenue of $11.08 billion for the quarter, compared to analysts' expectations of $11.04 billion. During the same period 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 predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Activity at Netflix

In related news, Director Jay C. Hoag sold 31,750 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $1,252.35, for a total transaction of $39,762,112.50. Following the transaction, the director owned 63,040 shares of the company's stock, valued at $78,948,144. This trade represents a 33.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $1,307.22, for a total value of $3,400,079.22. Following the transaction, the chief financial officer directly owned 3,691 shares in the company, valued at approximately $4,824,949.02. This represents a 41.34% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 93,629 shares of company stock valued at $116,131,982. Corporate insiders own 1.37% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Zacks Research cut Netflix from a "strong-buy" rating to a "hold" rating in a report on Monday. Pivotal Research reissued a "buy" rating on shares of Netflix in a report on Thursday, July 10th. Sanford C. Bernstein upped their price target on Netflix from $1,200.00 to $1,390.00 and gave the company an "outperform" rating in a research report on Thursday, July 17th. Wedbush reiterated an "outperform" rating and issued a $1,500.00 price objective (up from $1,400.00) on shares of Netflix in a research report on Monday, July 14th. Finally, Canaccord Genuity Group restated a "buy" rating on shares of Netflix 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, eleven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $1,297.66.

Netflix 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.