Adage Capital Partners GP L.L.C. Has $356.82 Million Stake in Netflix, Inc. $NFLX

Adage Capital Partners GP L.L.C. reduced its position in Netflix, Inc. (NASDAQ:NFLX) by 1.8% during the first quarter, Holdings Channel.com reports. The firm owned 382,633 shares of the Internet television network’s stock after selling 7,000 shares during the quarter. Netflix accounts for approximately 0.7% of Adage Capital Partners GP L.L.C.’s holdings, making the stock its 24th biggest position. Adage Capital Partners GP L.L.C.’s holdings in Netflix were worth $356,817,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Paragon Private Wealth Management LLC lifted its stake in shares of Netflix by 39.9% in the first quarter. Paragon Private Wealth Management LLC now owns 1,564 shares of the Internet television network’s stock valued at $1,458,000 after buying an additional 446 shares in the last quarter. Federation des caisses Desjardins du Quebec increased its position in shares of Netflix by 11.1% during the first quarter. Federation des caisses Desjardins du Quebec now owns 42,595 shares of the Internet television network’s stock worth $39,724,000 after acquiring an additional 4,271 shares in the last quarter. First Manhattan CO. LLC. raised its holdings in shares of Netflix by 1.3% in the 1st quarter. First Manhattan CO. LLC. now owns 1,457 shares of the Internet television network’s stock worth $1,359,000 after acquiring an additional 19 shares during the last quarter. 1248 Management LLC bought a new position in Netflix in the 1st quarter valued at about $43,000. Finally, Maverick Capital Ltd. lifted its position in Netflix by 12.7% in the 1st quarter. Maverick Capital Ltd. now owns 58,329 shares of the Internet television network’s stock valued at $54,394,000 after acquiring an additional 6,574 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Trading Down 1.9%

NASDAQ NFLX opened at $1,208.25 on Tuesday. The business’s fifty day moving average is $1,230.21 and its 200-day moving average is $1,119.60. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. The stock has a market capitalization of $513.42 billion, a price-to-earnings ratio of 51.48, a PEG ratio of 2.03 and a beta of 1.60. Netflix, Inc. has a one year low of $660.80 and a one year high of $1,341.15.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results 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. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. During the same quarter in the prior year, the business earned $4.88 earnings per share. The firm’s revenue for the quarter 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 predict that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analyst Weigh In

NFLX has been the subject of a number of recent research reports. KeyCorp boosted their price objective on Netflix from $1,070.00 to $1,390.00 and gave the stock an “overweight” rating in a report on Thursday, July 10th. Sanford C. Bernstein upped their price target on Netflix from $1,200.00 to $1,390.00 and gave the stock an “outperform” rating in a report on Thursday, July 17th. Wall Street Zen cut Netflix from a “buy” rating to a “hold” rating in a research note on Saturday. Seaport Res Ptn downgraded shares of Netflix from a “strong-buy” rating to a “hold” rating in a report on Sunday, July 6th. Finally, Evercore ISI reiterated an “outperform” rating on shares of Netflix in a report on Thursday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,297.66.

Insider Activity

In other news, Director Jay C. Hoag sold 31,750 shares of the firm’s stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $1,252.35, for a total transaction of $39,762,112.50. Following the completion of the sale, the director owned 63,040 shares in the company, valued at $78,948,144. This trade represents a 33.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $1,307.22, for a total transaction of $3,400,079.22. Following the completion of the sale, the chief financial officer directly owned 3,691 shares in the company, valued at $4,824,949.02. This trade represents a 41.34% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 93,629 shares of company stock worth $116,131,982. 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.