Liontrust Investment Partners LLP Sells 100,620 Shares of Netflix, Inc. $NFLX

Liontrust Investment Partners LLP lowered its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 34.8% in the first quarter, HoldingsChannel reports. The fund owned 188,273 shares of the Internet television network’s stock after selling 100,620 shares during the period. Liontrust Investment Partners LLP’s holdings in Netflix were worth $18,102,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Brighton Jones LLC increased its stake in Netflix by 5.0% in the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network’s stock valued at $4,804,000 after buying an additional 257 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in Netflix by 16.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network’s stock worth $912,000 after buying an additional 144 shares in the last quarter. Sivia Capital Partners LLC boosted its stake in shares of Netflix by 21.2% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,406 shares of the Internet television network’s stock worth $1,883,000 after buying an additional 246 shares during the last quarter. Strategic Investment Advisors MI boosted its stake in shares of Netflix by 18.9% during the 2nd quarter. Strategic Investment Advisors MI now owns 774 shares of the Internet television network’s stock worth $1,036,000 after buying an additional 123 shares during the last quarter. Finally, Schnieders Capital Management LLC. grew its holdings in shares of Netflix by 12.1% in the 2nd quarter. Schnieders Capital Management LLC. now owns 2,115 shares of the Internet television network’s stock valued at $2,832,000 after acquiring an additional 228 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Buying and Selling

In other news, CEO Gregory K. Peters sold 27,312 shares of Netflix stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $88.69, for a total transaction of $2,422,301.28. Following the completion of the transaction, the chief executive officer directly owned 120,931 shares in the company, valued at approximately $10,725,370.39. The trade was a 18.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Bradford L. Smith sold 35,990 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $77.52, for a total value of $2,789,944.80. Following the transaction, the director directly owned 79,690 shares in the company, valued at $6,177,568.80. The trade was a 31.11% 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. Over the last 90 days, insiders sold 492,289 shares of company stock valued at $42,186,530. Insiders own 1.24% of the company’s stock.

Wall Street Analyst Weigh In

NFLX has been the topic of a number of recent research reports. Jefferies Financial Group lowered their target price on Netflix from $128.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, June 10th. New Street Research increased their price target on Netflix from $96.00 to $102.00 in a research report on Friday, April 17th. Piper Sandler restated an “overweight” rating and issued a $85.00 price target (down from $115.00) on shares of Netflix in a research note on Friday, July 17th. CLSA assumed coverage on Netflix in a research report on Monday, July 20th. They set an “outperform” rating on the stock. Finally, Barclays dropped their price objective on Netflix from $85.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Friday, July 17th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, seventeen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $103.48.

Key Stories Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix signed a reported $500 million global licensing agreement for “The Walking Dead” universe. The deal could support viewing engagement, subscriber retention and advertising revenue, although the content cost will weigh on near-term economics. Netflix lands global streaming deal for The Walking Dead
• Positive Sentiment: Netflix’s selective push into live programming is attracting subscribers and boosting engagement and advertising opportunities. The reported agreement to carry the 2027 FIFA Women’s World Cup in the United States and Canada could strengthen its live-content strategy, though the rights reportedly cost about $200 million. Netflix’s Live Content Push
• Positive Sentiment: Streaming continues to gain share of television viewing, and one analyst publicly recommended Netflix as an investment idea, offering some support for the long-term growth case. Netflix on CNBC’s Final Trades

Netflix Stock Down 0.6%

Shares of NFLX stock opened at $73.17 on Friday. Netflix, Inc. has a 52-week low of $65.08 and a 52-week high of $126.71. The stock has a market cap of $304.68 billion, a price-to-earnings ratio of 23.03, a PEG ratio of 0.92 and a beta of 1.52. The firm’s 50-day moving average is $77.00 and its 200-day moving average is $85.50. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.14 and a current ratio of 1.14.

Netflix (NASDAQ:NFLX) last posted its quarterly 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 business had revenue of $12.56 billion during the quarter, compared to analysts’ expectations of $12.58 billion. Netflix had a return on equity of 40.02% and a net margin of 28.22%.Netflix’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the company posted $0.72 earnings per share. Sell-side analysts predict that Netflix, Inc. will post 3.59 EPS for the current year.

Netflix Profile

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.