Soros Capital Management LLC Acquires 17,408 Shares of Netflix, Inc. $NFLX

Key Points

• Soros Capital Management LLC significantly increased its stake in Netflix, Inc., acquiring an additional 17,408 shares, resulting in a total of 18,656 shares worth approximately $17.4 million.
• A recent analysis from various brokers indicates a predominantly positive outlook on Netflix, with the average target price raised to $1,297.66 and multiple "buy" or "outperform" ratings issued.
• Insider activity shows significant selling, with Director Reed Hastings selling 26,933 shares and Director Jay C. Hoag offloading 31,750 shares, indicating a decrease in their investments in the company.

Soros Capital Management LLC raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 1,394.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,656 shares of the Internet television network's stock after acquiring an additional 17,408 shares during the period. Netflix makes up 4.5% of Soros Capital Management LLC's holdings, making the stock its 7th largest position. Soros Capital Management LLC's holdings in Netflix were worth $17,397,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC increased its position in shares of Netflix by 100.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after purchasing an additional 13 shares during the period. Brown Shipley& Co Ltd purchased a new position in shares of Netflix during the fourth quarter valued at $27,000. Copia Wealth Management purchased a new position in shares of Netflix during the fourth quarter valued at $37,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Netflix during the first quarter valued at $42,000. Finally, Stuart Chaussee & Associates Inc. boosted its position in Netflix by 4,500.0% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock valued at $41,000 after purchasing an additional 45 shares during the last quarter. Institutional investors own 80.93% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on NFLX shares. Wedbush reaffirmed an "outperform" rating and issued a $1,500.00 price target (up previously from $1,400.00) on shares of Netflix in a research report on Monday, July 14th. Cfra Research raised Netflix to a "strong-buy" rating in a report on Monday, April 28th. Bank of America upped their price target on Netflix from $1,175.00 to $1,490.00 and gave the company a "buy" rating in a report on Friday, May 30th. KeyCorp upped their price objective on Netflix from $1,070.00 to $1,390.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Finally, Wolfe Research set a $1,340.00 price objective on Netflix and gave the company an "outperform" rating in a research note on Friday, May 16th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Netflix currently has an average rating of "Moderate Buy" and an average target price of $1,297.66.

Insider Buying and Selling

In related news, Director Reed Hastings sold 26,933 shares of the firm's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $1,211.66, for a total transaction of $32,633,638.78. Following the sale, the director owned 394 shares of the company's stock, valued at approximately $477,394.04. This trade represents a 98.56% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jay C. Hoag sold 31,750 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $1,252.35, for a total value of $39,762,112.50. Following the sale, the director directly owned 63,040 shares in the company, valued at $78,948,144. The trade was a 33.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 146,307 shares of company stock valued at $179,443,809 over the last 90 days. Company insiders own 1.37% of the company's stock.

Netflix Stock Down 0.1%

NASDAQ:NFLX opened at $1,204.65 on Monday. Netflix, Inc. has a 12-month low of $660.80 and a 12-month high of $1,341.15. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $511.89 billion, a P/E ratio of 51.33, a P/E/G ratio of 2.03 and a beta of 1.59. The stock's fifty day simple moving average is $1,231.41 and its 200-day simple moving average is $1,111.65.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same period last year, the company earned $4.88 EPS. The firm's revenue was up 15.9% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Equities research 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.

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