Polar Asset Management Partners Inc. Sells 12,800 Shares of Netflix, Inc. $NFLX

Key Points

• Polar Asset Management Partners Inc. significantly reduced its stake in Netflix, Inc. by 48.7%, selling 12,800 shares and leaving it with a total of 13,500 shares valued at approximately $12.59 million.
• Despite the sale, other institutional investors like GAMMA Investing LLC and Goldman Sachs Group Inc. have increased their positions in Netflix, with GAMMA lifting its stake by over 109,500% last quarter.
• Netflix's stock is currently trading at $1,257.48, a 2.6% increase, and has a market capitalization of $534.34 billion, with a P/E ratio of 53.58.

Polar Asset Management Partners Inc. reduced its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 48.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,500 shares of the Internet television network's stock after selling 12,800 shares during the period. Polar Asset Management Partners Inc.'s holdings in Netflix were worth $12,589,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in NFLX. GAMMA Investing LLC lifted its position in shares of Netflix by 109,524.3% in the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock worth $8,239,576,000 after buying an additional 8,827,662 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Netflix in the first quarter worth about $2,385,585,000. Goldman Sachs Group Inc. lifted its position in shares of Netflix by 57.3% in the first quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network's stock worth $3,164,134,000 after buying an additional 1,236,251 shares in the last quarter. Amundi lifted its position in shares of Netflix by 37.7% in the first quarter. Amundi now owns 2,070,221 shares of the Internet television network's stock worth $1,898,496,000 after buying an additional 567,251 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Netflix by 1.4% in the first quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock worth $35,433,585,000 after buying an additional 509,255 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Stock Up 2.6%

Shares of NASDAQ:NFLX opened at $1,257.48 on Friday. Netflix, Inc. has a 52-week low of $660.80 and a 52-week high of $1,341.15. The stock has a market cap of $534.34 billion, a P/E ratio of 53.58, a price-to-earnings-growth ratio of 2.06 and a beta of 1.60. The business's 50 day moving average is $1,226.94 and its 200 day moving average is $1,122.36. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX - Get Free Report) last announced 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 company had revenue of $11.08 billion for the quarter, compared to analysts' expectations of $11.04 billion. During the same quarter in the prior year, the firm earned $4.88 earnings per share. Netflix'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. Sell-side analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NFLX. UBS Group restated a "market underperform" rating on shares of Netflix in a research report on Saturday, July 19th. Piper Sandler upped their price objective on Netflix from $1,400.00 to $1,500.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Phillip Securities downgraded Netflix from a "hold" rating to a "strong sell" rating in a research report on Monday, July 21st. Canaccord Genuity Group restated a "buy" rating on shares of Netflix in a research report on Thursday, July 10th. Finally, Rosenblatt Securities upped their price objective on Netflix from $1,514.00 to $1,515.00 and gave the company a "buy" rating in a research report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $1,317.58.

Insider Transactions at Netflix

In other Netflix news, CEO Theodore A. Sarandos sold 2,026 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the sale, the chief executive officer owned 15,168 shares of the company's stock, valued at approximately $17,604,284.16. This trade represents a 11.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Reed Hastings sold 25,959 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $1,207.71, for a total value of $31,350,943.89. Following the sale, the director directly owned 394 shares in the company, valued at $475,837.74. This trade represents a 98.50% decrease in their position. The disclosure for this sale can be found here. Insiders sold 89,348 shares of company stock worth $109,498,489 in the last ninety days. 1.37% of the stock is owned by company insiders.

Netflix Company 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.

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