Oak Grove Capital LLC Sells 34,425 Shares of Netflix, Inc. $NFLX

Key Points

• Oak Grove Capital reduced its Netflix stake by 12.7%, selling 34,425 shares and retaining 236,595 shares valued at approximately $16.5 million. Institutional investors collectively own 80.93% of Netflix.
• Netflix shares opened at $70.30, near the lower end of their 52-week range, despite the company slightly exceeding quarterly EPS expectations and reporting 13.4% year-over-year revenue growth.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and $94.70 price target, although several firms recently lowered their targets. Netflix insiders also sold $13.1 million of stock over the past three months.

Oak Grove Capital LLC cut its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 12.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 236,595 shares of the Internet television network's stock after selling 34,425 shares during the period. Netflix accounts for 0.7% of Oak Grove Capital LLC's portfolio, making the stock its 27th biggest position. Oak Grove Capital LLC's holdings in Netflix were worth $16,462,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nykredit A S bought a new position in Netflix in the second quarter worth about $105,697,000. Rockland Trust Co. boosted its position in Netflix by 27.5% during the 3rd quarter. Rockland Trust Co. now owns 219,221 shares of the Internet television network's stock valued at $15,253,000 after acquiring an additional 47,339 shares in the last quarter. University of Texas Texas AM Investment Management Co. boosted its position in Netflix by 798.5% during the 4th 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. Ritholtz Wealth Management grew its holdings in shares of Netflix by 25.0% during the 1st quarter. Ritholtz Wealth Management now owns 106,451 shares of the Internet television network's stock worth $10,235,000 after acquiring an additional 21,260 shares during the period. Finally, Wittenberg Investment Management Inc. grew its holdings in shares of Netflix by 889.8% during the 4th quarter. Wittenberg Investment Management Inc. now owns 14,530 shares of the Internet television network's stock worth $1,362,000 after acquiring an additional 13,062 shares during the period. Institutional investors own 80.93% of the company's stock.

Insider Activity at Netflix

In related news, CFO Spencer Neumann sold 9,248 shares of Netflix stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $75.79, for a total value of $700,905.92. Following the completion of the sale, the chief financial officer directly owned 73,787 shares in the company, valued at approximately $5,592,316.73. This trade represents a 11.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David Hyman sold 5,723 shares of the business's stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $72.85, for a total value of $416,920.55. Following the completion of the transaction, the insider directly owned 316,100 shares of the company's stock, valued at approximately $23,027,885. This trade represents a 1.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 179,045 shares of company stock valued at $13,132,194 over the last three months. 1.24% of the stock is owned by insiders.

Netflix Stock Down 1.8%

NASDAQ:NFLX opened at $70.30 on Friday. The firm has a market cap of $292.72 billion, a P/E ratio of 22.13, a P/E/G ratio of 1.01 and a beta of 1.62. 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 fifty-two week low of $65.08 and a fifty-two week high of $124.86. The firm has a 50-day simple moving average of $75.46 and a two-hundred day simple moving average of $81.42.

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

Netflix News Summary

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Morgan Stanley maintained an “overweight” rating while trimming its price target from $83 to $80, implying meaningful upside from recent trading levels. The lower target reflects caution, but the continued bullish rating provides some support for the investment case. Morgan Stanley Netflix price target report
• Positive Sentiment: Netflix is reportedly paying $200 million for U.S. rights to the 2027 Women’s World Cup. The event could provide valuable live-programming exposure and attract new viewers, although the rights fee adds to near-term content spending. Netflix 2027 Women’s World Cup rights report
• Neutral Sentiment: Netflix’s upcoming scripted series about the FTX collapse, “The Altruists,” is scheduled for November 19. The program could generate attention and engagement, but criticism from figures connected to the crypto industry creates some reputational risk. Netflix FTX series criticism report
• Negative Sentiment: Multiple reports say Netflix plans to eliminate about 5% of its workforce—potentially roughly 800 jobs—with an announcement possibly coming next week. While the cuts could reduce operating expenses and improve margins, investors may interpret them as evidence that management is responding to weaker engagement, intensifying competition from YouTube and pressure on growth. Netflix has not confirmed the plans. Los Angeles Times Netflix layoffs report
• Negative Sentiment: A reported $2.8 billion termination fee boosted Netflix’s cash balance, but it is a one-time payment rather than recurring streaming cash flow. Investors are being cautioned not to treat the windfall as evidence of stronger underlying earnings or content-financing capacity. Netflix termination fee and cash flow report

Analyst Ratings Changes

NFLX has been the subject of a number of research analyst reports. HSBC cut Netflix from a "buy" rating to a "hold" rating and lowered their target price for the company from $96.00 to $76.00 in a research note on Tuesday, September 22nd. Bank of America decreased their price objective on Netflix from $125.00 to $105.00 and set a "buy" rating for the company in a report on Friday, July 17th. The Goldman Sachs Group reissued a "buy" rating and set a $90.00 price objective on shares of Netflix in a research report on Tuesday. Pivotal Research dropped their target price on shares of Netflix from $96.00 to $70.00 and set a "hold" rating on the stock in a report on Friday, July 17th. Finally, New Street Research upped their target price on shares of Netflix from $96.00 to $102.00 and gave the stock a "neutral" rating in a research report on Friday, July 17th. Four analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $94.70.

Netflix Company Profile

Netflix, Inc NASDAQ: NFLX is a global entertainment company that operates a subscription-based streaming service. It offers a broad range of television series, films, documentaries, and other programming, including original productions developed under the Netflix brand and licensed content from third-party studios.

The company also provides advertising-supported viewing options in some markets and has expanded into related entertainment categories, including mobile and cloud-based games, live programming, and consumer products associated with selected titles.

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