Nightview Capital LLC Sells 16,559 Shares of Netflix, Inc. $NFLX

Nightview Capital LLC lowered its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 24.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 51,483 shares of the Internet television network’s stock after selling 16,559 shares during the quarter. Netflix accounts for approximately 2.7% of Nightview Capital LLC’s investment portfolio, making the stock its 13th biggest holding. Nightview Capital LLC’s holdings in Netflix were worth $3,582,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Netflix in the second quarter valued at approximately $24,902,221,000. Bank of New York Mellon Corp purchased a new stake in shares of Netflix during the second quarter valued at approximately $1,906,482,000. Legal & General Group Plc bought a new stake in Netflix during the second quarter worth $1,886,526,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Netflix during the second quarter worth $1,481,303,000. Finally, Assenagon Asset Management S.A. lifted its holdings in Netflix by 194.9% during the third quarter. Assenagon Asset Management S.A. now owns 16,111,438 shares of the Internet television network’s stock worth $1,121,034,000 after acquiring an additional 10,647,803 shares during the period. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling

In related news, CFO Spencer Neumann sold 9,248 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $75.79, for a total transaction of $700,905.92. Following the transaction, the chief financial officer owned 73,787 shares in the company, valued at $5,592,316.73. The trade was a 11.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard Barton sold 720 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $75.27, for a total value of $54,194.40. Following the transaction, the director directly owned 2,460 shares in the company, valued at $185,164.20. This trade represents a 22.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 179,045 shares of company stock valued at $13,132,194 over the last ninety days. Corporate insiders own 1.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on NFLX shares. KGI Securities cut Netflix from an “outperform” rating to a “neutral” rating and set a $75.00 price objective on the stock. in a research report on Friday, July 17th. Sanford C. Bernstein restated an “outperform” rating and set a $80.00 price objective on shares of Netflix in a report on Wednesday. Huber Research lowered Netflix from a “buy” rating to an “underweight” rating in a research note on Tuesday, October 13th. CICC Research dropped their price target on shares of Netflix from $110.00 to $90.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 21st. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of Netflix in a research report on Thursday, August 20th. Three analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, sixteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Netflix has an average rating of “Moderate Buy” and a consensus target price of $92.57.

Key Headlines Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Q3 results exceeded profit expectations: Netflix reported $0.87 in diluted EPS versus roughly $0.82 expected. Revenue rose 12% year over year to $12.87 billion, while net income increased 44% to approximately $3.66 billion and operating margin reached 34.6%. Netflix Q3 earnings results
• Positive Sentiment: Management remains confident in long-term revenue growth: CFO Spencer Neumann said Netflix could deliver double-digit revenue growth into 2027 through pricing, advertising and a broad content slate, even if viewing-hour growth remains modest. Netflix CFO revenue growth outlook
• Positive Sentiment: Content and engagement initiatives are planned: Netflix is targeting stronger U.S. execution and expects upcoming films, series and live programming—including projects involving Brad Pitt, Narnia and NFL games—to improve viewing and membership trends. Netflix content and engagement strategy

Netflix Price Performance

NFLX opened at $68.69 on Wednesday. The stock has a market capitalization of $286.02 billion, a P/E ratio of 21.62, a PEG ratio of 0.99 and a beta of 1.62. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.39. Netflix, Inc. has a 12-month low of $65.08 and a 12-month high of $124.86. The stock has a 50-day moving average price of $74.92 and a 200-day moving average price of $80.20.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Tuesday, October 20th. The Internet television network reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.05. The firm had revenue of $12.87 billion for the quarter, compared to analysts’ expectations of $12.87 billion. Netflix had a return on equity of 40.02% and a net margin of 28.22%. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period last year, the firm earned $0.59 earnings per share. Equities analysts predict that Netflix, Inc. will post 3.59 earnings per share for the current fiscal year.

About Netflix

Netflix, Inc (NASDAQ:NFLX) is a global entertainment company that provides subscription-based streaming services. Its platform offers a broad selection of television series, films, documentaries, stand-up specials and other programming, including content produced by Netflix and licensed from third-party studios and creators.

The company also develops and distributes original productions under the Netflix brand and has expanded into additional entertainment offerings, including mobile and cloud-based games in select markets and live programming.