Alyeska Investment Group L.P. Lowers Stock Holdings in Netflix, Inc. $NFLX

Alyeska Investment Group L.P. lowered its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 19.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 162,047 shares of the Internet television network’s stock after selling 39,628 shares during the quarter. Alyeska Investment Group L.P.’s holdings in Netflix were worth $151,114,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Fullcircle Wealth LLC boosted its position in Netflix by 2.5% during the first quarter. Fullcircle Wealth LLC now owns 369 shares of the Internet television network’s stock worth $344,000 after purchasing an additional 9 shares in the last quarter. Capital Analysts LLC boosted its position in Netflix by 0.3% during the first quarter. Capital Analysts LLC now owns 2,620 shares of the Internet television network’s stock worth $2,443,000 after purchasing an additional 9 shares in the last quarter. Enterprise Financial Services Corp boosted its position in Netflix by 1.8% during the first quarter. Enterprise Financial Services Corp now owns 505 shares of the Internet television network’s stock worth $471,000 after purchasing an additional 9 shares in the last quarter. Continuum Wealth Advisors LLC boosted its position in Netflix by 4.4% during the first quarter. Continuum Wealth Advisors LLC now owns 235 shares of the Internet television network’s stock worth $219,000 after purchasing an additional 10 shares in the last quarter. Finally, Financial Enhancement Group LLC boosted its position in Netflix by 2.5% during the first quarter. Financial Enhancement Group LLC now owns 412 shares of the Internet television network’s stock worth $384,000 after purchasing an additional 10 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

Shares of Netflix stock opened at $1,214.11 on Wednesday. Netflix, Inc. has a one year low of $660.80 and a one year high of $1,341.15. The company has a market cap of $515.91 billion, a price-to-earnings ratio of 51.73, a PEG ratio of 2.03 and a beta of 1.60. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. The business’s 50 day moving average price is $1,228.91 and its 200 day moving average price is $1,120.25.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping analysts’ consensus estimates of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter last year, the business posted $4.88 earnings per share. 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. On average, research analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on NFLX shares. JPMorgan Chase & Co. increased their price target on Netflix from $1,230.00 to $1,300.00 and gave the stock a “neutral” rating in a research report on Friday, July 18th. Seaport Res Ptn downgraded Netflix from a “strong-buy” rating to a “hold” rating in a research report on Sunday, July 6th. Evercore ISI restated an “outperform” rating on shares of Netflix in a research report on Thursday, May 15th. Zacks Research downgraded Netflix from a “strong-buy” rating to a “hold” rating in a research report on Monday. Finally, Barclays restated a “sell” rating and issued a $1,100.00 target price (up previously from $1,000.00) on shares of Netflix in a research report on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and a consensus target price of $1,297.66.

Insider Activity

In related news, Director Jay C. Hoag sold 31,750 shares of Netflix stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $1,252.35, for a total transaction of $39,762,112.50. Following the transaction, the director owned 63,040 shares in the company, valued at approximately $78,948,144. This trade represents a 33.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Theodore A. Sarandos sold 2,026 shares of Netflix stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 93,629 shares of company stock valued at $116,131,982 in the last 90 days. 1.37% of the stock is owned by 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.