Alpine Woods Capital Investors LLC Grows Position in Netflix, Inc. $NFLX

Alpine Woods Capital Investors LLC grew its position in Netflix, Inc. (NASDAQ:NFLX) by 23.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,102 shares of the Internet television network’s stock after acquiring an additional 7,281 shares during the quarter. Alpine Woods Capital Investors LLC’s holdings in Netflix were worth $3,664,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Turning Point Benefit Group Inc. grew its stake in shares of Netflix by 13,400.0% in the 4th quarter. Turning Point Benefit Group Inc. now owns 270 shares of the Internet television network’s stock worth $25,000 after buying an additional 268 shares in the last quarter. Imprint Wealth LLC bought a new stake in shares of Netflix in the 3rd quarter worth about $25,000. Cornerstone Financial Management LLC purchased a new stake in shares of Netflix during the 4th quarter valued at about $26,000. Atlas Capital Advisors Inc. purchased a new stake in shares of Netflix during the 4th quarter valued at about $26,000. Finally, Jessup Wealth Management Inc bought a new position in shares of Netflix in the 4th quarter valued at about $27,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Stock Performance

Shares of NASDAQ:NFLX opened at $71.71 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.39. Netflix, Inc. has a 12 month low of $65.08 and a 12 month high of $126.71. The company has a market capitalization of $298.60 billion, a price-to-earnings ratio of 22.57, a PEG ratio of 0.92 and a beta of 1.52. The firm’s 50-day moving average is $76.66 and its 200 day moving average is $85.41.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share (EPS) 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 business had revenue of $12.56 billion during the quarter, compared to analyst estimates of $12.58 billion. During the same quarter in the previous year, the business earned $0.72 earnings per share. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. Research analysts predict that Netflix, Inc. will post 3.59 EPS for the current year.

Key Stories Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix agreed to a five-year, approximately $500 million licensing deal covering all 371 episodes of The Walking Dead universe in international markets. The agreement strengthens Netflix’s global content lineup and adds a recognizable franchise beginning in 2027. Los Angeles Times article
• Positive Sentiment: Walmart-owned Flipkart is offering qualifying loyalty members a monthly Netflix mobile subscription after four orders in a month. The partnership could support customer acquisition and engagement in India, although the direct financial impact appears limited. Reuters article

Analysts Set New Price Targets

Several research analysts recently commented on NFLX shares. Phillip Securities upgraded Netflix from a “moderate buy” rating to a “strong-buy” rating in a research report on Sunday, July 19th. DZ Bank restated a “buy” rating on shares of Netflix in a research report on Friday, April 17th. Erste Group Bank lowered Netflix from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. BMO Capital Markets cut Netflix from an “outperform” rating to a “market perform” rating in a report on Monday, July 20th. Finally, New Street Research boosted their target price on Netflix from $96.00 to $102.00 in a research report on Friday, April 17th. Four research 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 issued a Sell rating to the company. According to data from MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.48.

Insider Transactions at Netflix

In other news, Director Bradford L. Smith sold 35,990 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $77.52, for a total transaction of $2,789,944.80. Following the transaction, the director directly owned 79,690 shares of the company’s stock, valued at approximately $6,177,568.80. This trade represents a 31.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Theodore A. Sarandos sold 27,312 shares of Netflix stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $87.97, for a total transaction of $2,402,636.64. Following the sale, the chief executive officer directly owned 284,804 shares of the company’s stock, valued at $25,054,207.88. This represents a 8.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 492,289 shares of company stock valued at $42,186,530. Company insiders own 1.24% of the company’s stock.

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.