Woodline Partners LP Has $26.51 Million Stake in Netflix, Inc. $NFLX

Woodline Partners LP grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 21.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,425 shares of the Internet television network’s stock after acquiring an additional 5,103 shares during the quarter. Woodline Partners LP’s holdings in Netflix were worth $26,507,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of NFLX. Halbert Hargrove Global Advisors LLC raised its stake in Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock worth $25,000 after acquiring an additional 13 shares in the last quarter. Brown Shipley& Co Ltd acquired a new position in shares of Netflix in the fourth quarter valued at approximately $27,000. Copia Wealth Management acquired a new position in shares of Netflix in the fourth quarter valued at approximately $37,000. Stuart Chaussee & Associates Inc. increased its stake in shares of Netflix by 4,500.0% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network’s stock valued at $41,000 after buying an additional 45 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Netflix in the first quarter valued at approximately $42,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on NFLX. Wolfe Research set a $1,340.00 price objective on Netflix and gave the company an “outperform” rating in a research note on Friday, May 16th. Piper Sandler upped their price objective on Netflix from $1,400.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Friday, July 18th. Phillip Securities downgraded Netflix from a “hold” rating to a “strong sell” rating in a research note on Monday, July 21st. Sanford C. Bernstein upped their price objective on Netflix from $1,200.00 to $1,390.00 and gave the company an “outperform” rating in a research note on Thursday, July 17th. Finally, TD Cowen upped their price objective on Netflix from $1,440.00 to $1,450.00 and gave the company a “buy” rating in a research note on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,317.58.

Insiders Place Their Bets

In other Netflix news, Director Reed Hastings sold 25,959 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $1,207.71, for a total transaction of $31,350,943.89. Following the transaction, the director directly owned 394 shares in the company, valued at approximately $475,837.74. This represents a 98.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gregory K. Peters sold 2,026 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the transaction, the chief executive officer owned 12,781 shares in the company, valued at $14,793,240.64. The trade was a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 89,348 shares of company stock valued at $109,498,489 over the last 90 days. 1.37% of the stock is currently owned by corporate insiders.

Netflix Stock Performance

Shares of NFLX stock opened at $1,263.25 on Wednesday. The business’s 50 day simple moving average is $1,222.86 and its 200 day simple moving average is $1,127.68. Netflix, Inc. has a one year low of $660.80 and a one year high of $1,341.15. The stock has a market capitalization of $536.79 billion, a PE ratio of 53.82, a PEG ratio of 2.10 and a beta of 1.60. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating the consensus estimate of $7.07 by $0.12. The business had revenue of $11.08 billion for the quarter, compared to analysts’ expectations of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm’s revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the business posted $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

About Netflix

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.