KADENSA CAPITAL Ltd Has $9.33 Million Stock Holdings in Netflix, Inc. $NFLX

Key Points

• KADENSA CAPITAL Ltd has significantly reduced its stake in Netflix, Inc. by 82.4% during the first quarter, leaving them with 10,009 shares worth approximately $9.33 million.
• Equities analysts have raised their price targets for Netflix, with Goldman Sachs increasing theirs to $1,140 and TD Cowen to $1,450, reflecting a generally positive outlook on the stock.
• Netflix's recent quarterly earnings report showed $7.19 earnings per share, surpassing estimates and demonstrating a significant revenue increase of 15.9% compared to the same quarter last year.

KADENSA CAPITAL Ltd lessened its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 82.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 10,009 shares of the Internet television network's stock after selling 46,991 shares during the period. KADENSA CAPITAL Ltd's holdings in Netflix were worth $9,334,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Kettle Hill Capital Management LLC acquired a new position in shares of Netflix during the 1st quarter worth about $11,277,000. Hancock Whitney Corp increased its stake in Netflix by 0.3% during the first quarter. Hancock Whitney Corp now owns 29,315 shares of the Internet television network's stock valued at $27,337,000 after acquiring an additional 74 shares during the period. Cinctive Capital Management LP bought a new position in Netflix during the first quarter valued at about $3,937,000. Clark Capital Management Group Inc. increased its stake in Netflix by 14.9% during the first quarter. Clark Capital Management Group Inc. now owns 8,366 shares of the Internet television network's stock valued at $7,802,000 after acquiring an additional 1,088 shares during the period. Finally, Concorde Asset Management LLC increased its stake in Netflix by 28.3% during the first quarter. Concorde Asset Management LLC now owns 947 shares of the Internet television network's stock valued at $895,000 after acquiring an additional 209 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on NFLX shares. The Goldman Sachs Group boosted their price target on Netflix from $1,000.00 to $1,140.00 and gave the company a "neutral" rating in a research note on Wednesday, July 2nd. Barclays restated a "sell" rating and set a $1,100.00 price target (up from $1,000.00) on shares of Netflix in a research note on Wednesday, July 9th. TD Cowen boosted their price target on Netflix from $1,440.00 to $1,450.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Pivotal Research restated a "buy" rating on shares of Netflix in a research note on Thursday, July 10th. Finally, Sanford C. Bernstein boosted their price target on Netflix from $1,200.00 to $1,390.00 and gave the company an "outperform" rating in a research note on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Netflix has a consensus rating of "Moderate Buy" and a consensus target price of $1,317.58.

Insider Buying and Selling at Netflix

In related news, CFO Spencer Adam Neumann sold 2,600 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $1,207.76, for a total transaction of $3,140,176.00. Following the sale, the chief financial officer directly owned 3,691 shares in the company, valued at $4,457,842.16. This represents a 41.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gregory K. Peters sold 2,026 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer owned 12,781 shares in the company, valued at approximately $14,793,240.64. This trade represents a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 89,348 shares of company stock worth $109,498,489 over the last 90 days. Company insiders own 1.37% of the company's stock.

Netflix Trading Up 2.6%

NFLX stock opened at $1,257.48 on Friday. Netflix, Inc. has a 1-year low of $660.80 and a 1-year high of $1,341.15. The firm has a market cap of $534.34 billion, a P/E ratio of 53.58, a P/E/G ratio of 2.06 and a beta of 1.60. The business's 50 day moving average is $1,226.94 and its 200-day moving average is $1,122.36. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $11.04 billion. During the same period in the prior year, the company posted $4.88 EPS. The company's revenue was up 15.9% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Equities analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.

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