Netflix, Inc. $NFLX Stake Reduced by Axiom Investors LLC DE

Key Points

• Axiom Investors LLC DE reduced its Netflix holdings by 22.8%, selling 203,761 shares and leaving them with 691,148 shares, constituting 6% of their total portfolio.
• Netflix reported earnings of $7.19 per share, exceeding expectations, with a quarterly revenue of $11.08 billion, marking a 15.9% year-over-year increase.
• Institutional investors own 80.93% of Netflix's stock, with significant increases from firms like GAMMA Investing LLC and Vanguard Group in recent quarters.

Axiom Investors LLC DE reduced its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 22.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 691,148 shares of the Internet television network's stock after selling 203,761 shares during the period. Netflix comprises 6.0% of Axiom Investors LLC DE's investment portfolio, making the stock its 2nd biggest position. Axiom Investors LLC DE owned approximately 0.16% of Netflix worth $644,516,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Netflix by 1.4% in 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 in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Netflix by 2.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,732,066 shares of the Internet television network's stock valued at $10,940,505,000 after buying an additional 304,399 shares during the last quarter. GAMMA Investing LLC grew its holdings in Netflix by 109,524.3% during the 1st quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock valued at $8,239,576,000 after buying an additional 8,827,662 shares during the last quarter. Invesco Ltd. grew its holdings in Netflix by 8.3% during the 1st quarter. Invesco Ltd. now owns 4,664,818 shares of the Internet television network's stock valued at $4,350,083,000 after buying an additional 356,617 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in Netflix by 14.3% during the 4th quarter. Northern Trust Corp now owns 4,574,006 shares of the Internet television network's stock valued at $4,076,903,000 after buying an additional 570,674 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Netflix

In related news, Director Jay C. Hoag sold 31,750 shares of Netflix stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $1,252.35, for a total value of $39,762,112.50. Following the transaction, the director owned 63,040 shares in the company, valued at approximately $78,948,144. This trade represents a 33.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gregory K. Peters sold 2,026 shares of Netflix stock in a transaction on Tuesday, August 5th. The shares were 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 owned 12,781 shares in the company, 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 146,307 shares of company stock worth $179,443,809 over the last ninety days. 1.37% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on NFLX shares. Barclays reiterated a "sell" rating and set a $1,100.00 target price (up previously from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. Phillip Securities cut Netflix from a "hold" rating to a "strong sell" rating in a report on Monday, July 21st. Citigroup reiterated a "neutral" rating and set a $1,250.00 target price (up previously from $1,020.00) on shares of Netflix in a report on Thursday, May 29th. Wall Street Zen upgraded Netflix from a "hold" rating to a "buy" rating in a report on Friday. Finally, TD Cowen increased their target price on Netflix from $1,440.00 to $1,450.00 and gave the company a "buy" rating in a report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $1,297.66.

Netflix Trading Up 1.1%

Shares of NFLX stock traded up $13.42 during mid-day trading on Monday, hitting $1,218.07. 2,809,597 shares of the company's stock were exchanged, compared to its average volume of 2,952,016. Netflix, Inc. has a fifty-two week low of $660.80 and a fifty-two week high of $1,341.15. The stock has a 50-day simple moving average of $1,231.26 and a two-hundred day simple moving average of $1,113.08. 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 has a market cap of $517.59 billion, a price-to-earnings ratio of 51.90, a PEG ratio of 2.03 and a beta of 1.59.

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