Netflix, Inc. $NFLX Shares Sold by WINTON GROUP Ltd

Key Points

• WINTON GROUP Ltd sharply reduced its Netflix stake by 98.4% in the second quarter, selling 341,013 shares and retaining 5,400 shares worth approximately $386,000.
• Netflix reported quarterly EPS of $0.80, slightly above estimates, while revenue reached $12.56 billion and rose 13.4% year over year. Institutional investors and hedge funds own 80.93% of the company.
• Netflix shares opened at $76.41, below the 200-day moving average of $84.36. Despite recent insider selling and some analyst downgrades, Wall Street maintains a “Moderate Buy” consensus with an average price target of $96.53.

WINTON GROUP Ltd lessened its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 98.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,400 shares of the Internet television network's stock after selling 341,013 shares during the quarter. WINTON GROUP Ltd's holdings in Netflix were worth $386,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Shepherd Street Advisors LLC acquired a new position in shares of Netflix in the fourth quarter valued at approximately $2,216,000. University of Texas Texas AM Investment Management Co. raised its stake in shares of Netflix by 798.5% in the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 42,542 shares of the Internet television network's stock valued at $3,989,000 after acquiring an additional 37,807 shares in the last quarter. New Mexico Educational Retirement Board raised its stake in shares of Netflix by 900.0% in the fourth quarter. New Mexico Educational Retirement Board now owns 192,210 shares of the Internet television network's stock valued at $18,022,000 after acquiring an additional 172,989 shares in the last quarter. Ritholtz Wealth Management boosted its holdings in Netflix by 25.0% in the first quarter. Ritholtz Wealth Management now owns 106,451 shares of the Internet television network's stock valued at $10,235,000 after purchasing an additional 21,260 shares during the period. Finally, Natixis Advisors LLC grew its stake in Netflix by 797.3% during the 4th quarter. Natixis Advisors LLC now owns 4,989,919 shares of the Internet television network's stock worth $467,854,000 after purchasing an additional 4,433,837 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Trading Down 1.9%

NFLX opened at $76.41 on Thursday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.14 and a current ratio of 1.14. Netflix, Inc. has a one year low of $65.08 and a one year high of $124.86. The company has a market cap of $318.17 billion, a P/E ratio of 24.05, a PEG ratio of 1.10 and a beta of 1.53. The business's 50-day simple moving average is $75.85 and its 200-day simple moving average is $84.36.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.01. The firm had revenue of $12.56 billion during the quarter, compared to analysts' expectations of $12.58 billion. Netflix had a return on equity of 40.02% and a net margin of 28.22%.The firm's revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.72 earnings per share. As a group, equities research analysts expect that Netflix, Inc. will post 3.59 EPS for the current fiscal year.

Insider Activity at Netflix

In related news, Director Richard N. Barton sold 720 shares of Netflix stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $75.27, for a total transaction of $54,194.40. Following the sale, the director directly owned 2,460 shares in the company, valued at $185,164.20. This trade represents a 22.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Spencer Neumann sold 9,248 shares of the business's stock in a transaction on Monday, August 10th. The shares were sold at an average price of $75.79, for a total transaction of $700,905.92. Following the completion of the sale, the chief financial officer directly owned 73,787 shares of the company's stock, valued at approximately $5,592,316.73. This trade represents a 11.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 179,045 shares of company stock valued at $13,132,194 in the last quarter. Company insiders own 1.24% of the company's stock.

Trending Headlines about Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Several prominent investors increased their Netflix holdings in the second quarter, including Bill Ackman’s Pershing Square, which rebuilt its position after previously exiting the stock. The report highlights a lower forward valuation multiple and renewed institutional interest. 22 Prominent Investors Hold Netflix Stock
• Positive Sentiment: Weitz Investment Management presented Netflix as having a potential “new growth engine,” supporting the long-term bull case for the streaming company. A separate analyst report cited customer surveys indicating improving engagement and retention, along with a price target implying approximately 42% upside. The Bull Case for Netflix’s New Growth Engine Why Netflix Stock Rallied Today
• Neutral Sentiment: Netflix is promoting a new female-focused installment of its “Monsters” anthology centered on Lizzie Borden. The release could support engagement and subscriber retention, although the immediate financial impact is uncertain. Netflix’s Monsters Explores Lizzie Borden Mystery
• Negative Sentiment: Netflix recently declined about 3% in a broader market selloff, while macroeconomic friction continued to weigh on the streaming sector. The stock is also trading below its 200-day moving average, reflecting ongoing technical pressure. Netflix Suffers a Larger Drop Than the General Market
• Negative Sentiment: Netflix and Meta Platforms were among the companies receiving recent analyst downgrades. Although consensus ratings remain generally bullish, the downgrades may be weighing on sentiment and encouraging profit-taking. MarketBeat’s Most Downgraded Stocks in Q3

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on NFLX shares. BMO Capital Markets reaffirmed an "outperform" rating on shares of Netflix in a research report on Friday, August 14th. Rosenblatt Securities set a $75.00 price objective on Netflix and gave the stock a "neutral" rating in a research report on Friday, July 17th. Piper Sandler restated an "overweight" rating and set a $85.00 target price (down from $115.00) on shares of Netflix in a research note on Friday, July 17th. New Street Research raised their target price on shares of Netflix from $96.00 to $102.00 and gave the company a "neutral" rating in a report on Friday, July 17th. Finally, KGI Securities downgraded shares of Netflix from an "outperform" rating to a "neutral" rating and set a $75.00 price target for the company. in a research note on Friday, July 17th. Four analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Netflix currently has a consensus rating of "Moderate Buy" and a consensus target price of $96.53.

About Netflix

Netflix, Inc NASDAQ: NFLX is a global entertainment company that provides subscription-based streaming access to television series, films, documentaries and other video content. Its service includes Netflix-produced and licensed programming, with offerings that may vary by market. The company also provides an advertising-supported plan in selected countries and has expanded into mobile games and other interactive entertainment.

Netflix was founded in 1997 by Reed Hastings and Marc Randolph as a DVD-by-mail rental service in the United States.

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