Zevenbergen Capital Investments LLC Sells 474,810 Shares of Netflix, Inc. $NFLX

Zevenbergen Capital Investments LLC trimmed its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 81.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 106,535 shares of the Internet television network’s stock after selling 474,810 shares during the quarter. Zevenbergen Capital Investments LLC’s holdings in Netflix were worth $7,413,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. American Capital Advisory LLC grew its holdings in shares of Netflix by 0.8% in the first quarter. American Capital Advisory LLC now owns 13,990 shares of the Internet television network’s stock valued at $1,345,000 after purchasing an additional 109 shares in the last quarter. CWS Financial Advisors LLC lifted its holdings in Netflix by 3.2% during the 1st quarter. CWS Financial Advisors LLC now owns 3,612 shares of the Internet television network’s stock worth $347,000 after buying an additional 112 shares in the last quarter. Warner Group LLC lifted its holdings in Netflix by 2.2% during the 1st quarter. Warner Group LLC now owns 5,230 shares of the Internet television network’s stock worth $503,000 after buying an additional 114 shares in the last quarter. Financial Avengers Inc. boosted its position in Netflix by 9.8% in the 1st quarter. Financial Avengers Inc. now owns 1,290 shares of the Internet television network’s stock valued at $124,000 after buying an additional 115 shares during the period. Finally, PAX Financial Group LLC boosted its position in Netflix by 2.5% in the 1st quarter. PAX Financial Group LLC now owns 4,847 shares of the Internet television network’s stock valued at $466,000 after buying an additional 116 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix News Roundup

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.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Piper Sandler reaffirmed an “overweight” rating and set a $85.00 price objective (down from $115.00) on shares of Netflix in a research report on Friday, July 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Netflix in a research note on Tuesday, September 22nd. Pivotal Research cut their price target on Netflix from $96.00 to $70.00 and set a “hold” rating on the stock in a report on Friday, July 17th. UBS Group reduced their price target on Netflix from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, July 17th. Finally, Rothschild & Co Redburn decreased their price objective on Netflix from $120.00 to $93.00 and set a “buy” rating for the company in a research note on Tuesday, July 21st. Four investment analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Netflix has an average rating of “Moderate Buy” and an average price target of $94.70.

Insider Activity at Netflix

In related news, Director Richard N. 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 value of $54,194.40. Following the transaction, the director directly owned 2,460 shares of the company’s stock, valued at $185,164.20. This trade represents a 22.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Spencer Neumann sold 9,248 shares of Netflix stock in a transaction on Monday, August 10th. The stock was sold at an average price of $75.79, for a total transaction of $700,905.92. Following the sale, the chief financial officer owned 73,787 shares in the company, valued at $5,592,316.73. This represents a 11.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 179,045 shares of company stock valued at $13,132,194 in the last quarter. Company insiders own 1.24% of the company’s stock.

Netflix Stock Up 2.7%

Shares of Netflix stock traded up $1.87 during trading on Thursday, hitting $71.57. 46,027,773 shares of the stock were exchanged, compared to its average volume of 42,517,398. The stock has a market cap of $298.01 billion, a price-to-earnings ratio of 22.53, a price-to-earnings-growth ratio of 0.97 and a beta of 1.62. The firm’s 50-day moving average price is $75.48 and its 200 day moving average price is $81.49. Netflix, Inc. has a 12-month low of $65.08 and a 12-month high of $124.86. 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 posted its earnings results on Thursday, July 16th. The Internet television network reported $0.80 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 firm had revenue of $12.56 billion for the quarter, compared to analyst estimates of $12.58 billion. During the same quarter in the prior year, the company posted $0.72 earnings per share. Netflix’s revenue for the quarter was up 13.4% compared to the same quarter last year. As a group, analysts forecast that Netflix, Inc. will post 3.59 earnings per share for the current fiscal year.

Netflix Profile

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.