Woodline Partners LP Raises Holdings in Netflix, Inc. $NFLX

Key Points

• Woodline Partners LP increased its stake in Netflix by 21.9% in the first quarter, holding 28,425 shares worth approximately $26.51 million.
• Institutional investors have a strong interest in Netflix, owning 80.93% of the company's stock, with several firms raising their investment in the first quarter.
• Analysts have varying opinions on Netflix, with price targets ranging from $1,317.58 to $1,500.00, while overall ratings suggest a "Moderate Buy" consensus.

Woodline Partners LP increased its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 21.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,425 shares of the Internet television network's stock after acquiring an additional 5,103 shares during the quarter. Woodline Partners LP's holdings in Netflix were worth $26,507,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC grew its holdings in 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 buying an additional 13 shares in the last quarter. Brown Shipley& Co Ltd purchased a new stake in Netflix during the 4th quarter valued at approximately $27,000. Copia Wealth Management purchased a new stake in Netflix during the 4th quarter valued at approximately $37,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in Netflix during the 1st quarter valued at approximately $42,000. Finally, Stuart Chaussee & Associates Inc. grew its holdings in Netflix by 4,500.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock valued at $41,000 after buying an additional 45 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. UBS Group reaffirmed a "market underperform" rating on shares of Netflix in a report on Saturday, July 19th. Bank of America raised their target price on shares of Netflix from $1,175.00 to $1,490.00 and gave the company a "buy" rating in a report on Friday, May 30th. KeyCorp raised their target price on shares of Netflix from $1,070.00 to $1,390.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Phillip Securities lowered shares of Netflix from a "hold" rating to a "strong sell" rating in a report on Monday, July 21st. Finally, Wedbush reissued an "outperform" rating and issued a $1,500.00 target price (up from $1,400.00) on shares of Netflix in a report on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $1,317.58.

Netflix Stock Down 1.3%

Shares of NFLX stock traded down $15.06 on Friday, hitting $1,188.44. The stock had a trading volume of 3,778,934 shares, compared to its average volume of 2,525,736. 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 business has a 50 day moving average price of $1,218.15 and a 200 day moving average price of $1,131.45. The company has a market cap of $505.00 billion, a PE ratio of 50.64, a P/E/G ratio of 2.03 and a beta of 1.60. Netflix, Inc. has a one year low of $677.88 and a one year high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating the consensus estimate of $7.07 by $0.12. The firm had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm's quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the company posted $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Transactions at Netflix

In other Netflix news, insider David A. Hyman sold 424 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total value of $491,276.08. Following the completion of the transaction, the insider directly owned 31,610 shares in the company, valued at approximately $36,625,558.70. The trade was a 1.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Reed Hastings sold 25,959 shares of the business's stock in a transaction dated Tuesday, September 2nd. The stock was 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 of the company's stock, valued at $475,837.74. This represents a 98.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 89,348 shares of company stock valued at $109,498,489 over the last three months. 1.37% of the stock is currently owned by corporate insiders.

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.