HS Management Partners LLC Makes New $14.89 Million Investment in Netflix, Inc. $NFLX

HS Management Partners LLC bought a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) in the 2nd quarter, HoldingsChannel reports. The fund bought 208,599 shares of the Internet television network’s stock, valued at approximately $14,894,000. Netflix accounts for about 5.1% of HS Management Partners LLC’s investment portfolio, making the stock its 6th biggest holding.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Imprint Wealth LLC bought a new stake in shares of Netflix during the 3rd quarter valued at about $25,000. Wealth Watch Advisors INC bought a new position in Netflix in the third quarter worth about $103,000. Strategic Wealth Investment Group LLC bought a new position in Netflix in the second quarter worth about $121,000. Wiser Advisor Group LLC bought a new position in Netflix in the third quarter worth about $114,000. Finally, Beaird Harris Wealth Management LLC boosted its stake in Netflix by 9.6% in the third quarter. Beaird Harris Wealth Management LLC now owns 114 shares of the Internet television network’s stock valued at $137,000 after acquiring an additional 10 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

More Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Bill Ackman’s return provided the main catalyst. Pershing Square disclosed a new Netflix position after previously exiting the stock at a substantial loss. Ackman’s renewed interest signals confidence in Netflix’s valuation, earnings growth, margins and long-term streaming position. Netflix Climbs 4% on Ackman’s Return
• Positive Sentiment: Investors are rotating toward beaten-down software and technology shares. Netflix benefited as capital moved out of semiconductor stocks and some AI-related trades, supporting a wider rebound in software and internet companies. Netflix, Salesforce, and Adobe Rally
• Positive Sentiment: Analysts and bullish investors see valuation upside. Recent commentary highlights Netflix’s margin expansion, buybacks and double-digit revenue growth, while several reports argue that the sharp decline from its peak creates an attractive entry point. The company also recently delivered a small quarterly EPS beat and year-over-year revenue growth.
• Neutral Sentiment: Technical momentum has improved, but the recovery is incomplete. Netflix has extended a recent rebound and is attempting to reclaim key moving averages, although the shares remain well below the 200-day average and are still down materially for the year. Is the Bottom in for Netflix Stock?
• Neutral Sentiment: Hedge-fund positioning was mixed. Q2 portfolio reshuffling showed that some institutional investors remain cautious even as Ackman re-entered the stock, limiting the strength of the bullish signal. Netflix Draws Mixed Signals
• Negative Sentiment: Slowing sales and guidance concerns continue to weigh on sentiment. Investors remain focused on moderating revenue growth and whether third-quarter revenue and earnings expectations can support the current valuation.
• Negative Sentiment: Insider selling added a cautionary signal. Netflix’s CFO reportedly sold nearly $5.6 million of company stock, potentially reinforcing investor concerns despite the transaction not necessarily indicating a change in business fundamentals. Netflix CFO Dumps Nearly $5.6 Million in Stock

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NFLX. Citigroup reaffirmed a “market perform” rating on shares of Netflix in a report on Monday. Robert W. Baird set a $90.00 price target on Netflix and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Weiss Ratings lowered Netflix from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, June 26th. Barclays lowered their price objective on Netflix from $85.00 to $80.00 and set an “equal weight” rating for the company in a research note on Friday, July 17th. Finally, JPMorgan Chase & Co. dropped their target price on Netflix from $118.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday, July 17th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, seventeen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and a consensus price target of $103.48.

Insider Activity at Netflix

In related news, CFO Spencer Adam Neumann sold 9,248 shares of Netflix stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $75.79, for a total transaction of $700,905.92. Following the sale, the chief financial officer directly owned 73,787 shares in the company, valued at $5,592,316.73. The trade was a 11.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Theodore A. Sarandos sold 105,850 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $73.03, for a total transaction of $7,730,225.50. Following the completion of the sale, the chief executive officer directly owned 206,266 shares of the company’s stock, valued at $15,063,605.98. The trade was a 33.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 600,295 shares of company stock valued at $49,056,671. 1.24% of the stock is owned by corporate insiders.

Netflix Stock Up 2.3%

NFLX opened at $77.77 on Wednesday. Netflix, Inc. has a 12 month low of $65.08 and a 12 month high of $126.71. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market cap of $323.83 billion, a P/E ratio of 24.48, a P/E/G ratio of 0.98 and a beta of 1.52. The stock’s 50 day moving average price is $74.46 and its 200 day moving average price is $84.41.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.01. Netflix had a return on equity of 40.02% and a net margin of 28.22%.The firm had revenue of $12.56 billion for the quarter, compared to the consensus estimate of $12.58 billion. During the same quarter in the previous year, the business earned $0.72 EPS. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. As a group, research analysts predict that Netflix, Inc. will post 3.59 earnings per share for the current year.

About Netflix

Netflix, Inc (NASDAQ: NFLX) is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company’s primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.