AlphaQuest LLC Grows Stock Holdings in Netflix, Inc. $NFLX

AlphaQuest LLC boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 5.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 526 shares of the Internet television network’s stock after purchasing an additional 27 shares during the quarter. AlphaQuest LLC’s holdings in Netflix were worth $704,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of NFLX. Stephens Consulting LLC raised its stake in shares of Netflix by 150.0% in the second quarter. Stephens Consulting LLC now owns 25 shares of the Internet television network’s stock valued at $33,000 after acquiring an additional 15 shares during the period. Flaharty Asset Management LLC purchased a new stake in shares of Netflix in the first quarter valued at $37,000. Maseco LLP purchased a new stake in shares of Netflix in the second quarter valued at $39,000. LGT Financial Advisors LLC purchased a new stake in shares of Netflix in the second quarter valued at $40,000. Finally, Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Netflix in the first quarter valued at $42,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Netflix in a research note on Wednesday, October 8th. BMO Capital Markets reissued an “outperform” rating and issued a $1,425.00 target price (up previously from $1,200.00) on shares of Netflix in a research note on Tuesday, July 15th. Guggenheim reissued a “buy” rating and issued a $1,450.00 target price on shares of Netflix in a research note on Wednesday, October 22nd. Pivotal Research reaffirmed a “buy” rating on shares of Netflix in a research note on Thursday, July 10th. Finally, UBS Group set a $1,500.00 price target on shares of Netflix in a research note on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and an average price target of $1,352.78.

Netflix Stock Down 0.0%

NASDAQ:NFLX opened at $1,094.56 on Tuesday. Netflix, Inc. has a fifty-two week low of $747.77 and a fifty-two week high of $1,341.15. The stock has a market capitalization of $463.80 billion, a P/E ratio of 45.72, a P/E/G ratio of 1.89 and a beta of 1.59. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.33. The company’s 50-day simple moving average is $1,204.20 and its 200-day simple moving average is $1,190.20.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Tuesday, October 21st. The Internet television network reported $5.87 earnings per share for the quarter, missing analysts’ consensus estimates of $6.88 by ($1.01). Netflix had a net margin of 24.05% and a return on equity of 41.86%. The firm had revenue of $11.51 billion during the quarter, compared to the consensus estimate of $11.52 billion. During the same quarter in the prior year, the business posted $5.40 earnings per share. The firm’s quarterly revenue was up 17.2% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q4 2025 guidance at 5.450-5.450 EPS. On average, equities analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Reed Hastings sold 42,176 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $1,171.92, for a total value of $49,426,897.92. Following the sale, the director directly owned 394 shares in the company, valued at approximately $461,736.48. This trade represents a 99.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Theodore A. Sarandos sold 2,026 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the completion of the sale, the chief executive officer owned 15,168 shares in the company, valued at $17,604,284.16. This represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 104,100 shares of company stock worth $122,710,980. Insiders own 1.37% of the company’s stock.

Netflix Company Profile

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.