Netflix, Inc. $NFLX Stock Position Lowered by Sepio Capital LP

Key Points

• Sepio Capital LP reduced its stake in Netflix by 7.0%, selling 710 shares and leaving it with 9,422 shares valued at approximately $8,786,000, making it the 28th largest position in its portfolio.
• Several large investors, including Brighton Jones LLC and Fiduciary Trust Co, have increased their Netflix holdings by various amounts during the last quarter, reflecting ongoing institutional interest in the stock.
• Netflix recently reported $7.19 earnings per share for the quarter, exceeding analyst expectations and indicating a significant year-over-year revenue growth of 15.9%.

Sepio Capital LP decreased its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 7.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,422 shares of the Internet television network's stock after selling 710 shares during the period. Netflix accounts for 0.7% of Sepio Capital LP's portfolio, making the stock its 28th largest position. Sepio Capital LP's holdings in Netflix were worth $8,786,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Halbert Hargrove Global Advisors LLC raised its holdings in shares of Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after purchasing an additional 13 shares during the period. Brown Shipley& Co Ltd purchased a new position in shares of Netflix in the 4th quarter worth about $27,000. Copia Wealth Management acquired a new stake in shares of Netflix in the fourth quarter worth $37,000. Stuart Chaussee & Associates Inc. increased its position in shares of Netflix by 4,500.0% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after acquiring an additional 45 shares in the last quarter. Finally, Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Netflix in the first quarter worth $42,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Buying and Selling at Netflix

In other news, CEO Gregory K. Peters sold 2,026 shares of the firm's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the transaction, the chief executive officer directly owned 12,781 shares in the company, valued at approximately $14,793,240.64. This trade represents a 13.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Theodore A. Sarandos sold 2,026 shares of the firm's stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 15,168 shares in the company, valued at approximately $17,604,284.16. The trade was a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 89,348 shares of company stock valued at $109,498,489. Corporate insiders own 1.37% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Morgan Stanley reissued an "equal weight" rating on shares of Netflix in a research report on Monday, July 21st. Zacks Research lowered shares of Netflix from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 1st. Rosenblatt Securities increased their price objective on shares of Netflix from $1,514.00 to $1,515.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Robert W. Baird increased their price objective on shares of Netflix from $1,300.00 to $1,500.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Finally, Piper Sandler increased their price objective on shares of Netflix from $1,400.00 to $1,500.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Netflix has an average rating of "Moderate Buy" and a consensus target price of $1,317.58.

Netflix Stock Down 1.1%

NASDAQ NFLX traded down $14.29 during trading hours on Wednesday, reaching $1,248.96. 2,126,878 shares of the company traded hands, compared to its average volume of 4,008,527. Netflix, Inc. has a 12 month low of $660.80 and a 12 month high of $1,341.15. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $530.72 billion, a PE ratio of 53.22, a PEG ratio of 2.10 and a beta of 1.60. The company has a 50 day moving average of $1,222.86 and a two-hundred day moving average of $1,127.68.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating analysts' consensus estimates of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same period in the prior year, the firm posted $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. As a group, equities analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current 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.