UniSuper Management Pty Ltd Sells 18,669 Shares of Netflix, Inc. $NFLX

Key Points

• UniSuper Management Pty Ltd reduced its stake in Netflix by 10.6% in the first quarter, bringing its total shares to 158,149, valued at approximately $147 million.
• Other institutional investors, such as GAMMA Investing LLC and Goldman Sachs Group Inc., have significantly increased their holdings in Netflix, with GAMMA's stake rising by 109,524.3%.
• Netflix reported a 15.9% year-over-year increase in revenue during its last quarterly earnings, with an EPS of $7.19, exceeding estimates by $0.12.

UniSuper Management Pty Ltd lessened its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 10.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 158,149 shares of the Internet television network's stock after selling 18,669 shares during the quarter. Netflix accounts for about 1.1% of UniSuper Management Pty Ltd's investment portfolio, making the stock its 15th biggest holding. UniSuper Management Pty Ltd's holdings in Netflix were worth $147,479,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Scientech Research LLC lifted its stake in Netflix by 646.3% in the first quarter. Scientech Research LLC now owns 3,582 shares of the Internet television network's stock valued at $3,340,000 after acquiring an additional 3,102 shares during the last quarter. Shellback Capital LP raised its position in shares of Netflix by 33.3% in the first quarter. Shellback Capital LP now owns 40,000 shares of the Internet television network's stock valued at $37,301,000 after purchasing an additional 10,000 shares during the period. Raab & Moskowitz Asset Management LLC raised its position in shares of Netflix by 3.8% in the first quarter. Raab & Moskowitz Asset Management LLC now owns 1,203 shares of the Internet television network's stock valued at $1,122,000 after purchasing an additional 44 shares during the period. Rise Advisors LLC raised its position in shares of Netflix by 7.1% in the first quarter. Rise Advisors LLC now owns 361 shares of the Internet television network's stock valued at $337,000 after purchasing an additional 24 shares during the period. Finally, Petrus Trust Company LTA bought a new position in shares of Netflix in the first quarter valued at about $519,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. TD Cowen increased their price objective on shares of Netflix from $1,440.00 to $1,450.00 and gave the company a "buy" rating in a research report on Friday, July 18th. BMO Capital Markets reaffirmed an "outperform" rating and set a $1,425.00 price target (up from $1,200.00) on shares of Netflix in a research report on Tuesday, July 15th. Oppenheimer raised their price target on shares of Netflix from $1,200.00 to $1,425.00 and gave the stock an "outperform" rating in a research report on Thursday, June 12th. Morgan Stanley reaffirmed an "equal weight" rating on shares of Netflix in a research report on Monday, July 21st. Finally, The Goldman Sachs Group raised their price target on shares of Netflix from $1,000.00 to $1,140.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,317.58.

Netflix Price Performance

Shares of NFLX traded down $15.54 during mid-day trading on Wednesday, reaching $1,247.71. The company had a trading volume of 2,525,761 shares, compared to its average volume of 4,009,064. The company's 50 day simple moving average is $1,222.86 and its 200 day simple moving average is $1,127.68. Netflix, Inc. has a 1-year low of $660.80 and a 1-year high of $1,341.15. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. The company has a market capitalization of $530.19 billion, a price-to-earnings ratio of 53.16, a P/E/G ratio of 2.10 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 EPS 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 the consensus estimate of $11.04 billion. During the same period last year, the company earned $4.88 EPS. The firm'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. Analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Activity

In other Netflix news, Director Reed Hastings sold 25,959 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $1,207.71, for a total transaction of $31,350,943.89. Following the completion of the transaction, the director owned 394 shares in the company, valued at approximately $475,837.74. This trade represents a 98.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $1,162.40, for a total transaction of $3,023,402.40. Following the transaction, the chief financial officer owned 3,691 shares of the company's stock, valued at approximately $4,290,418.40. The trade was a 41.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 89,348 shares of company stock worth $109,498,489 in the last 90 days. 1.37% of the stock is owned by company 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.