Netflix, Inc. $NFLX Shares Sold by Alpha DNA Investment Management LLC

Key Points

• Alpha DNA Investment Management LLC reduced its position in Netflix, Inc. by 58.8% in Q1, leaving them with 225 shares valued at approximately $210,000.
• Several other institutional investors, including Halbert Hargrove Global Advisors and Stuart Chaussee & Associates, have adjusted their holdings in Netflix recently, indicating significant market interest.
• Netflix's recent earnings report showed an EPS of $7.19, exceeding estimates, with revenue of $11.08 billion, marking a 15.9% increase year-over-year.

Alpha DNA Investment Management LLC trimmed its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 58.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 225 shares of the Internet television network's stock after selling 321 shares during the quarter. Netflix comprises approximately 2.7% of Alpha DNA Investment Management LLC's holdings, making the stock its 8th largest position. Alpha DNA Investment Management LLC's holdings in Netflix were worth $210,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Halbert Hargrove Global Advisors LLC lifted its stake in shares of Netflix by 100.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after buying an additional 13 shares during the last quarter. Brown Shipley& Co Ltd acquired a new stake in shares of Netflix in the fourth quarter worth $27,000. Copia Wealth Management bought a new position in Netflix during the fourth quarter worth $37,000. Stuart Chaussee & Associates Inc. increased its position in Netflix by 4,500.0% during the fourth 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 bought a new position in Netflix during the first quarter worth $42,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NFLX has been the topic of a number of research reports. Wedbush reaffirmed an "outperform" rating and set a $1,500.00 target price (up previously from $1,400.00) on shares of Netflix in a research report on Monday, July 14th. Phillip Securities lowered shares of Netflix from a "hold" rating to a "strong sell" rating in a research report on Monday, July 21st. Barclays reaffirmed a "sell" rating and set a $1,100.00 target price (up previously from $1,000.00) on shares of Netflix in a research report on Wednesday, July 9th. Morgan Stanley reissued an "equal weight" rating on shares of Netflix in a report on Monday, July 21st. Finally, Loop Capital reissued a "hold" rating on shares of Netflix in a report on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,317.58.

Netflix Stock Up 0.1%

NFLX opened at $1,244.76 on Tuesday. The firm's 50-day simple moving average is $1,223.47 and its 200-day simple moving average is $1,126.74. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. Netflix, Inc. has a twelve month low of $660.80 and a twelve month high of $1,341.15. The firm has a market cap of $528.93 billion, a price-to-earnings ratio of 53.04, a PEG ratio of 2.09 and a beta of 1.60.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping 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 business had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same quarter in the prior year, the firm earned $4.88 EPS. The firm's quarterly 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 research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Reed Hastings sold 25,959 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $1,207.71, for a total value of $31,350,943.89. Following the sale, 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 Securities & Exchange Commission, which is available through the SEC website. Also, insider Cletus R. Willems sold 238 shares of the company's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $1,153.52, for a total transaction of $274,537.76. The disclosure for this sale can be found here. Insiders have sold 89,348 shares of company stock worth $109,498,489 in the last quarter. 1.37% of the stock is owned by corporate insiders.

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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