Panoramic Capital LLC Has $4.56 Million Stock Holdings in Netflix, Inc. $NFLX

Key Points

• Panoramic Capital LLC reduced its holdings in Netflix by 44.7%, selling nearly 4,000 shares and retaining 4,885 shares, which now represent about 4.9% of its investment portfolio.
• Netflix's most recent earnings report showed a quarterly revenue of $11.08 billion, surpassing analysts' expectations and demonstrating a 15.9% increase compared to the previous year.
• Institutional investors and hedge funds now own approximately 80.93% of Netflix's stock, indicating high institutional interest in the company.

Panoramic Capital LLC lessened its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 44.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,885 shares of the Internet television network's stock after selling 3,947 shares during the quarter. Netflix accounts for 4.9% of Panoramic Capital LLC's portfolio, making the stock its 5th biggest holding. Panoramic Capital LLC's holdings in Netflix were worth $4,555,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of NFLX. Brighton Jones LLC increased its position in Netflix by 5.0% during the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock valued at $4,804,000 after acquiring an additional 257 shares during the last quarter. Revolve Wealth Partners LLC increased its position in Netflix by 16.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock valued at $912,000 after acquiring an additional 144 shares during the last quarter. Bridgefront Capital LLC purchased a new stake in Netflix during the fourth quarter valued at $218,000. Clark Capital Management Group Inc. increased its position in Netflix by 15.3% during the fourth quarter. Clark Capital Management Group Inc. now owns 7,278 shares of the Internet television network's stock valued at $6,487,000 after acquiring an additional 968 shares during the last quarter. Finally, Fiduciary Trust Co increased its position in Netflix by 7.4% during the fourth quarter. Fiduciary Trust Co now owns 3,233 shares of the Internet television network's stock valued at $2,882,000 after acquiring an additional 223 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Insiders Place Their Bets

In other news, CEO Theodore A. Sarandos sold 2,026 shares of the company's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the completion of the transaction, the chief executive officer owned 15,168 shares of the company's stock, valued at $17,604,284.16. This represents a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of the company's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $1,162.40, for a total value of $3,023,402.40. Following the completion of the transaction, the chief financial officer directly owned 3,691 shares of the company's stock, valued at approximately $4,290,418.40. This trade represents a 41.34% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 89,348 shares of company stock worth $109,498,489. 1.37% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Oppenheimer upped their price objective on Netflix from $1,200.00 to $1,425.00 and gave the company an "outperform" rating in a research report on Thursday, June 12th. BMO Capital Markets reissued an "outperform" rating and set a $1,425.00 price target (up previously from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. Citigroup reissued a "neutral" rating and set a $1,250.00 price target (up previously from $1,020.00) on shares of Netflix in a report on Thursday, May 29th. JPMorgan Chase & Co. boosted their price target on Netflix from $1,230.00 to $1,300.00 and gave the company a "neutral" rating in a report on Friday, July 18th. Finally, Wall Street Zen lowered Netflix from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. One equities research 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 MarketBeat, Netflix presently has an average rating of "Moderate Buy" and a consensus target price of $1,317.58.

Netflix Price Performance

Shares of NASDAQ NFLX traded down $13.66 during mid-day trading on Friday, reaching $1,243.82. The company's stock had a trading volume of 2,378,410 shares, compared to its average volume of 2,470,100. The firm has a market capitalization of $528.54 billion, a PE ratio of 53.00, a P/E/G ratio of 2.09 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. The stock has a fifty day moving average of $1,225.36 and a two-hundred day moving average of $1,125.05. Netflix, Inc. has a 52 week low of $660.80 and a 52 week high of $1,341.15.

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, topping analysts' consensus estimates of $7.07 by $0.12. The firm had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The business's quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, sell-side analysts anticipate 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.