259,289 Netflix, Inc. $NFLX Shares Sold by Westwind Capital

Westwind Capital trimmed its position in Netflix, Inc. (NASDAQ:NFLX) by 99.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,310 shares of the Internet television network’s stock after selling 259,289 shares during the period. Westwind Capital’s holdings in Netflix were worth $91,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Aletheian Wealth Advisors LLC grew its position in Netflix by 4.8% in the third quarter. Aletheian Wealth Advisors LLC now owns 4,034 shares of the Internet television network’s stock worth $281,000 after buying an additional 186 shares during the last quarter. Apella Capital LLC lifted its position in shares of Netflix by 54.8% during the 3rd quarter. Apella Capital LLC now owns 34,674 shares of the Internet television network’s stock valued at $2,417,000 after acquiring an additional 12,279 shares during the last quarter. Gradient Investments LLC grew its holdings in shares of Netflix by 4.2% in the 3rd quarter. Gradient Investments LLC now owns 269,854 shares of the Internet television network’s stock worth $18,776,000 after acquiring an additional 10,885 shares during the last quarter. Tactive Advisors LLC raised its position in shares of Netflix by 4.7% during the third quarter. Tactive Advisors LLC now owns 8,067 shares of the Internet television network’s stock worth $561,000 after purchasing an additional 360 shares during the period. Finally, New Covenant Trust Company N.A. raised its position in shares of Netflix by 9.9% during the third quarter. New Covenant Trust Company N.A. now owns 6,597 shares of the Internet television network’s stock worth $459,000 after purchasing an additional 596 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on NFLX shares. Itau BBA Securities cut their price target on shares of Netflix from $151.40 to $96.00 and set an “outperform” rating on the stock in a report on Wednesday, August 5th. KeyCorp reissued an “overweight” rating and set a $92.00 price target (down from $115.00) on shares of Netflix in a research report on Monday, July 13th. New Street Research increased their target price on shares of Netflix from $96.00 to $102.00 and gave the stock a “neutral” rating in a research report on Friday, July 17th. Citigroup reiterated a “market perform” rating on shares of Netflix in a report on Monday, August 17th. Finally, DZ Bank restated a “buy” rating on shares of Netflix in a report on Monday, July 20th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Netflix has an average rating of “Moderate Buy” and an average target price of $94.70.

Netflix Stock Performance

Shares of Netflix stock traded up $1.87 during midday trading on Thursday, hitting $71.57. The company had a trading volume of 46,027,773 shares, compared to its average volume of 42,517,398. Netflix, Inc. has a 1-year low of $65.08 and a 1-year high of $124.86. The business’s 50 day simple moving average is $75.48 and its two-hundred day simple moving average is $81.49. The stock has a market cap of $298.01 billion, a PE ratio of 22.53, a P/E/G ratio of 0.97 and a beta of 1.62. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.14 and a quick ratio of 1.14.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data 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. Netflix had a return on equity of 40.02% and a net margin of 28.22%.The company had revenue of $12.56 billion during the quarter, compared to the consensus estimate of $12.58 billion. During the same quarter last year, the company earned $0.72 EPS. The company’s quarterly revenue was up 13.4% on a year-over-year basis. As a group, equities analysts predict that Netflix, Inc. will post 3.59 EPS for the current fiscal year.

Insider Activity

In other Netflix news, insider David Hyman sold 5,723 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $72.85, for a total value of $416,920.55. Following the sale, the insider owned 316,100 shares of the company’s stock, valued at $23,027,885. The trade was a 1.78% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Richard Barton sold 720 shares of the 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 completion of the transaction, the director owned 2,460 shares of the company’s stock, valued at approximately $185,164.20. This represents a 22.64% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 179,045 shares of company stock valued at $13,132,194. 1.24% of the stock is owned by insiders.

Key Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Warner Bros. deal exit removes major risk: Paramount reportedly paid Netflix approximately $2.8 billion to abandon its pursuit of Warner Bros. Discovery. The payment provides a substantial cash benefit while allowing Netflix to avoid the financing and integration risks of a large acquisition. Paramount paid Netflix $2.8 billion to walk away from its Warner Bros. deal
• Positive Sentiment: Analysts see value after the selloff: A Q3 preview describes Netflix as attractively priced, while Morgan Stanley maintained an “overweight” rating. Although it lowered its price target from $83 to $80, the revised target still implies meaningful upside from recent levels.
• Positive Sentiment: Potential growth beyond subscriptions: Commentary points to an underappreciated business segment—likely including advertising and other newer initiatives—as a possible future growth engine. Advertising revenue is expected to expand substantially, helping offset slower core subscriber and revenue growth. Netflix’s next growth engine could surprise investors
• Positive Sentiment: New content could support engagement: Netflix released a trailer for an eight-episode series about the FTX collapse, scheduled for November 19. The project is not a major financial catalyst by itself, but high-profile original programming can support viewing hours and subscriber retention.
• Neutral Sentiment: Tax-credit proposal offers a possible cost benefit: Proposed U.S. legislation could provide a 20%–30% tax credit for qualifying domestic film and television production. Netflix could benefit if the bill becomes law, but the legislation is not enacted and would apply only to future productions.
• Negative Sentiment: Growth is moderating: Second-quarter revenue rose 13.4% to $12.56 billion, while management expects approximately 11.7% growth in the third quarter. Investors are also concerned about rising content costs and Netflix’s valuation relative to its slower expected growth.
• Negative Sentiment: A larger rival is emerging: The completed Paramount-Warner Bros. combination creates a media group with substantial content assets and annual revenue exceeding Netflix’s, increasing competitive pressure. Its roughly $80 billion debt load may limit spending flexibility, but integration could eventually strengthen the rival’s streaming offering.

About Netflix

Netflix, Inc (NASDAQ:NFLX) is a global entertainment company that operates a subscription-based streaming service. It offers a broad range of television series, films, documentaries, and other programming, including original productions developed under the Netflix brand and licensed content from third-party studios.

The company also provides advertising-supported viewing options in some markets and has expanded into related entertainment categories, including mobile and cloud-based games, live programming, and consumer products associated with selected titles.