Polar Asset Management Partners Inc. Sells 12,800 Shares of Netflix, Inc. $NFLX

Polar Asset Management Partners Inc. lessened its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 48.7% during the 1st quarter, Holdings Channel reports. The fund owned 13,500 shares of the Internet television network’s stock after selling 12,800 shares during the period. Polar Asset Management Partners Inc.’s holdings in Netflix were worth $12,589,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Netflix by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network’s stock valued at $35,433,585,000 after purchasing an additional 509,255 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Netflix by 2.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,732,066 shares of the Internet television network’s stock valued at $10,940,505,000 after purchasing an additional 304,399 shares during the last quarter. GAMMA Investing LLC raised its stake in Netflix by 109,524.3% in the 1st quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network’s stock worth $8,239,576,000 after acquiring an additional 8,827,662 shares during the last quarter. Alliancebernstein L.P. raised its stake in Netflix by 1.0% in the 1st quarter. Alliancebernstein L.P. now owns 5,194,939 shares of the Internet television network’s stock worth $4,844,436,000 after acquiring an additional 53,611 shares during the last quarter. Finally, Invesco Ltd. raised its stake in Netflix by 8.3% in the 1st quarter. Invesco Ltd. now owns 4,664,818 shares of the Internet television network’s stock worth $4,350,083,000 after acquiring an additional 356,617 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Trading Up 2.6%

NFLX stock opened at $1,257.48 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 12-month low of $660.80 and a 12-month high of $1,341.15. The stock has a market cap of $534.34 billion, a price-to-earnings ratio of 53.58, a PEG ratio of 2.06 and a beta of 1.60. The business’s 50-day moving average is $1,226.94 and its 200 day moving average is $1,122.36.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The company 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 firm posted $4.88 EPS. Netflix’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, sell-side analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling

In other Netflix news, CFO Spencer Adam Neumann sold 2,600 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $1,207.76, for a total value of $3,140,176.00. Following the transaction, the chief financial officer directly owned 3,691 shares of the company’s stock, valued at $4,457,842.16. This trade represents a 41.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Reed Hastings sold 25,959 shares of the firm’s stock in a transaction that occurred on 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 directly owned 394 shares in the company, valued at $475,837.74. This trade 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 worth $109,498,489 in the last quarter. 1.37% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on NFLX shares. Wells Fargo & Company raised their target price on Netflix from $1,500.00 to $1,560.00 and gave the stock an “overweight” rating in a research note on Friday, July 18th. Oppenheimer raised their target price on Netflix from $1,200.00 to $1,425.00 and gave the stock an “outperform” rating in a research note on Thursday, June 12th. Wedbush restated an “outperform” rating and issued a $1,500.00 target price (up previously from $1,400.00) on shares of Netflix in a research note on Monday, July 14th. Morgan Stanley reiterated an “equal weight” rating on shares of Netflix in a research note on Monday, July 21st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $1,500.00 price objective on shares of Netflix in a research note on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and an average target price of $1,317.58.

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.