Engineers Gate Manager LP Acquires 61,114 Shares of Netflix, Inc. $NFLX

Engineers Gate Manager LP grew its stake in Netflix, Inc. (NASDAQ:NFLX) by 954.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,520 shares of the Internet television network’s stock after buying an additional 61,114 shares during the quarter. Engineers Gate Manager LP’s holdings in Netflix were worth $4,821,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of NFLX. Imprint Wealth LLC purchased a new stake in shares of Netflix in the third quarter worth about $25,000. Cornerstone Financial Management LLC purchased a new stake in Netflix in the 4th quarter worth about $26,000. Clal Insurance Enterprises Holdings Ltd purchased a new position in Netflix during the 2nd quarter valued at $26,000. Atlas Capital Advisors Inc. bought a new position in shares of Netflix in the fourth quarter worth about $26,000. Finally, Jessup Wealth Management Inc purchased a new position in Netflix during the 4th quarter worth $27,000. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

NFLX opened at $77.40 on Friday. The company has a market cap of $322.29 billion, a P/E ratio of 24.36, a price-to-earnings-growth ratio of 1.09 and a beta of 1.53. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.39. The firm’s 50-day moving average price is $75.71 and its 200-day moving average price is $84.38. Netflix, Inc. has a 52-week low of $65.08 and a 52-week high of $124.86.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, July 16th. The Internet television network reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. The company had revenue of $12.56 billion during the quarter, compared to analysts’ expectations of $12.58 billion. Netflix had a net margin of 28.22% and a return on equity of 40.02%. Netflix’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period last year, the business earned $0.72 EPS. As a group, equities analysts anticipate that Netflix, Inc. will post 3.59 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In other news, Director Richard Barton sold 720 shares of the business’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $75.27, for a total transaction of $54,194.40. Following the sale, the director directly owned 2,460 shares of the company’s stock, valued at $185,164.20. The trade was a 22.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Theodore Sarandos sold 27,312 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $73.35, for a total value of $2,003,335.20. Following the completion of the transaction, the chief executive officer directly owned 178,954 shares in the company, valued at approximately $13,126,275.90. The trade was a 13.24% decrease in their ownership of the stock. 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 ninety days, insiders sold 215,035 shares of company stock valued at $15,922,139. Company insiders own 1.24% of the company’s stock.

Key Stories Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix is benefiting from strong digital viewing and higher content consumption, supporting the broader outlook for broadcast, television and streaming companies. Broadcast and TV industry outlook
• Positive Sentiment: The company plans longer theatrical releases for six upcoming films and will report their box-office revenue, potentially creating an additional monetization channel and improving the economics of its film business. Netflix theatrical release strategy
• Positive Sentiment: Analysts continue to highlight Netflix’s advertising-tier potential, with one forecast calling for advertising revenue to surpass $6 billion in 2027. This would support growth beyond subscriptions if execution meets expectations.
• Neutral Sentiment: Options-market activity has attracted attention, but the available report does not identify a clear bullish or bearish positioning signal. Netflix options activity
• Neutral Sentiment: Director Richard Barton sold 720 shares worth about $54,194 under a pre-arranged Rule 10b5-1 plan. The relatively small, scheduled transaction offers limited insight into management’s current outlook. Netflix director stock sale
• Neutral Sentiment: Reported short-interest data showed zero shares and a zero-day short ratio, an apparently inconsistent figure that provides no meaningful trading signal.
• Negative Sentiment: Florida sued Netflix for billions, alleging that it misled families and tracked children’s data for advertising. The case could create legal costs, reputational damage and uncertainty around the economics of the company’s fastest-growing advertising business. Florida lawsuit over Netflix children’s data
• Negative Sentiment: Recent commentary raised concerns about a weak second-quarter outlook and slowing demand momentum compared with some major media competitors. Netflix outlook concerns
• Negative Sentiment: A poll found that most Canadians support requiring streaming services to fund local content, signaling possible additional production obligations and regulatory costs for Netflix in Canada. Canadian streaming regulation

Analyst Upgrades and Downgrades

Several analysts have issued reports on NFLX shares. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Netflix in a research report on Thursday, August 20th. Wells Fargo & Company set a $80.00 price objective on Netflix and gave the company an “equal weight” rating in a research report on Friday, July 17th. KeyCorp reiterated an “overweight” rating and issued a $92.00 target price (down from $115.00) on shares of Netflix in a research note on Monday, July 13th. Bank of America decreased their price target on shares of Netflix from $125.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, July 17th. Finally, China Intl Cap upgraded shares of Netflix to a “strong-buy” rating in a report on Tuesday, July 21st. Four investment analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.65.

About Netflix

Netflix, Inc (NASDAQ:NFLX) is a global entertainment company that provides subscription-based streaming access to television series, films, documentaries and other video content. Its service includes Netflix-produced and licensed programming, with offerings that may vary by market. The company also provides an advertising-supported plan in selected countries and has expanded into mobile games and other interactive entertainment.

Netflix was founded in 1997 by Reed Hastings and Marc Randolph as a DVD-by-mail rental service in the United States.