Edgestream Partners L.P. Lowers Stock Holdings in Netflix, Inc. $NFLX

Edgestream Partners L.P. lowered its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 65.5% in the 1st quarter, HoldingsChannel reports. The firm owned 16,497 shares of the Internet television network’s stock after selling 31,333 shares during the quarter. Edgestream Partners L.P.’s holdings in Netflix were worth $1,586,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Janus Henderson Group PLC raised its holdings in shares of Netflix by 12.2% during the 1st quarter. Janus Henderson Group PLC now owns 14,884,336 shares of the Internet television network’s stock valued at $1,431,141,000 after buying an additional 1,614,253 shares in the last quarter. Centaurus Financial Inc. boosted its stake in Netflix by 16.4% in the first quarter. Centaurus Financial Inc. now owns 139,717 shares of the Internet television network’s stock worth $13,434,000 after buying an additional 19,684 shares in the last quarter. Bull Harbor Capital LLC purchased a new stake in Netflix in the first quarter worth approximately $429,000. Strategic Investment Advisors MI grew its position in Netflix by 14.2% during the first quarter. Strategic Investment Advisors MI now owns 7,626 shares of the Internet television network’s stock valued at $776,000 after acquiring an additional 950 shares during the last quarter. Finally, South Dakota Investment Council grew its position in Netflix by 433.9% during the first quarter. South Dakota Investment Council now owns 85,022 shares of the Internet television network’s stock valued at $8,175,000 after acquiring an additional 69,098 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Up 2.3%

Shares of NASDAQ NFLX opened at $73.33 on Tuesday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.39. Netflix, Inc. has a 52 week low of $65.08 and a 52 week high of $126.71. The firm’s fifty day moving average is $76.36 and its 200 day moving average is $85.26. The company has a market cap of $305.34 billion, a price-to-earnings ratio of 23.08, a PEG ratio of 0.90 and a beta of 1.52.

Netflix (NASDAQ:NFLX) last announced its quarterly 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. The business 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%. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.72 EPS. On average, equities research analysts expect that Netflix, Inc. will post 3.59 earnings per share for the current year.

Insider Activity at Netflix

In other Netflix news, CFO Spencer Adam Neumann sold 9,253 shares of Netflix stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $88.95, for a total transaction of $823,054.35. Following the sale, the chief financial officer directly owned 73,787 shares of the company’s stock, valued at approximately $6,563,353.65. The trade was a 11.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Reed Hastings sold 386,700 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $85.97, for a total value of $33,244,599.00. Following the transaction, the director owned 3,940 shares in the company, valued at $338,721.80. This trade represents a 98.99% 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. Over the last quarter, insiders sold 459,255 shares of company stock worth $39,279,899. 1.24% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NFLX. Citic Securities boosted their price objective on shares of Netflix from $95.00 to $107.00 and gave the stock a “hold” rating in a report on Monday, April 27th. Jefferies Financial Group decreased their target price on shares of Netflix from $128.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, June 10th. Robert W. Baird set a $90.00 price target on shares of Netflix and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. DZ Bank restated a “buy” rating on shares of Netflix in a research report on Friday, April 17th. Finally, Bank of America reaffirmed a “buy” rating and set a $125.00 price objective on shares of Netflix in a research note on Monday, May 18th. Four analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, seventeen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $103.48.

Key Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix’s lower valuation and aggressive stock repurchases are supporting the view that the sell-off may have been excessive. Analysts cited in the report remain broadly bullish despite concerns about moderating growth. Netflix’s Big Sell-Off May Be Sending the Wrong Signal
• Positive Sentiment: A Fundsmith investor letter argues that difficulties facing rival streaming services highlight Netflix’s strong competitive moat, potentially reinforcing its long-term pricing power and customer retention. Rivals’ Loss Signals Netflix’s Strong Moat
• Positive Sentiment: Another analyst-focused report says NFLX is becoming attractive as the share price declines, with Netflix’s scale, recurring subscription revenue and potential in advertising, gaming and video podcasting providing longer-term upside. NFLX Stock Looks Attractive Even as Growth Slows
• Neutral Sentiment: Coverage of Netflix’s buyback history explains how repurchases can support earnings per share and signal management confidence, but it does not announce a new buyback catalyst. Netflix’s Stock Buybacks: History & Impact Explained
• Negative Sentiment: Netflix’s latest quarter slightly exceeded EPS expectations, but revenue was just below consensus and growth concerns triggered a steep post-earnings decline. The stock remains well below its 52-week high, reflecting investor skepticism about near-term momentum.
• Negative Sentiment: Potential growth initiatives such as gaming and video podcasting are viewed as promising but unlikely to materially improve results immediately. A paused Paramount–Warner Bros. transaction also removes a possible industry catalyst, even though avoiding the deal may reduce execution risk. With Paramount’s Acquisition of Warner Bros. on Hold and Netflix Down 38%, Is Netflix Stock Finally a Buy?

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.