Graham Capital Management L.P. Sells 14,200 Shares of Netflix, Inc. $NFLX

Graham Capital Management L.P. reduced its stake in Netflix, Inc. (NASDAQ:NFLX) by 58.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,258 shares of the Internet television network’s stock after selling 14,200 shares during the period. Graham Capital Management L.P.’s holdings in Netflix were worth $9,566,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NFLX. GAMMA Investing LLC grew its holdings in shares of Netflix by 109,524.3% during the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network’s stock valued at $8,239,576,000 after buying an additional 8,827,662 shares during the last quarter. Nuveen LLC acquired a new position in shares of Netflix during the first quarter valued at about $2,385,585,000. Goldman Sachs Group Inc. grew its holdings in shares of Netflix by 57.3% during the first quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network’s stock valued at $3,164,134,000 after buying an additional 1,236,251 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Netflix by 1.4% during the first quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network’s stock valued at $35,433,585,000 after buying an additional 509,255 shares during the last quarter. Finally, Two Sigma Advisers LP grew its holdings in shares of Netflix by 935.7% during the fourth quarter. Two Sigma Advisers LP now owns 461,900 shares of the Internet television network’s stock valued at $411,701,000 after buying an additional 417,300 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Netflix Stock Down 1.9%

NFLX opened at $1,208.25 on Friday. 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 stock has a market cap of $513.42 billion, a price-to-earnings ratio of 51.48, a PEG ratio of 2.03 and a beta of 1.59. Netflix, Inc. has a twelve month low of $660.80 and a twelve month high of $1,341.15. The company’s 50-day moving average price is $1,231.11 and its two-hundred day moving average price is $1,118.03.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share 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 analysts’ expectations of $11.04 billion. During the same period in the previous year, the company earned $4.88 earnings per share. The company’s quarterly 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. As a group, equities analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Seaport Res Ptn cut shares of Netflix from a “strong-buy” rating to a “hold” rating in a report on Sunday, July 6th. Needham & Company LLC restated a “buy” rating and set a $1,500.00 price target on shares of Netflix in a report on Friday, July 18th. Barclays restated a “sell” rating and set a $1,100.00 price target (up from $1,000.00) on shares of Netflix in a report on Wednesday, July 9th. Rosenblatt Securities boosted their price target on shares of Netflix from $1,514.00 to $1,515.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Finally, Wedbush restated an “outperform” rating and set a $1,500.00 price target (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 given a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Netflix currently has an average rating of “Moderate Buy” and a consensus price target of $1,297.66.

Insider Buying and Selling at Netflix

In other Netflix news, insider David A. Hyman sold 424 shares of the stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total transaction of $491,276.08. Following the completion of the sale, the insider owned 31,610 shares of the company’s stock, valued at $36,625,558.70. This represents a 1.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Theodore A. Sarandos sold 2,026 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $17,604,284.16. This trade represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 123,163 shares of company stock worth $151,917,174 in the last ninety days. Insiders own 1.37% of the company’s stock.

Netflix 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.