Aviance Capital Partners LLC raised its position in Netflix, Inc. (NASDAQ:NFLX – Free Report) by 198.6% in the 1st quarter, HoldingsChannel reports. The fund owned 61,342 shares of the Internet television network’s stock after purchasing an additional 40,797 shares during the period. Netflix makes up about 0.7% of Aviance Capital Partners LLC’s investment portfolio, making the stock its 28th biggest holding. Aviance Capital Partners LLC’s holdings in Netflix were worth $5,898,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the company. Checchi Capital Advisers LLC lifted its stake in Netflix by 875.7% during the fourth quarter. Checchi Capital Advisers LLC now owns 31,143 shares of the Internet television network’s stock worth $2,920,000 after purchasing an additional 27,951 shares during the period. Contravisory Investment Management Inc. grew its stake in shares of Netflix by 837.2% in the 4th quarter. Contravisory Investment Management Inc. now owns 111,380 shares of the Internet television network’s stock valued at $10,443,000 after purchasing an additional 99,496 shares during the period. BNC Wealth Management LLC grew its stake in shares of Netflix by 991.3% in the 4th quarter. BNC Wealth Management LLC now owns 41,229 shares of the Internet television network’s stock valued at $3,866,000 after purchasing an additional 37,451 shares during the period. Crew Capital Management Ltd raised its holdings in shares of Netflix by 1,021.9% in the 4th quarter. Crew Capital Management Ltd now owns 9,031 shares of the Internet television network’s stock worth $847,000 after buying an additional 8,226 shares in the last quarter. Finally, Family Capital Trust Co raised its holdings in shares of Netflix by 20,869.5% in the 4th quarter. Family Capital Trust Co now owns 27,470 shares of the Internet television network’s stock worth $2,576,000 after buying an additional 27,339 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.
Insider Buying and Selling
In related news, CFO Spencer Adam Neumann sold 9,253 shares of Netflix stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $88.95, for a total value of $823,054.35. Following the completion of the transaction, the chief financial officer directly owned 73,787 shares of the company’s stock, valued at $6,563,353.65. The trade was a 11.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Bradford L. Smith sold 35,990 shares of Netflix stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $77.52, for a total value of $2,789,944.80. Following the completion of the transaction, the director directly owned 79,690 shares of the company’s stock, valued at $6,177,568.80. This represents a 31.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 899,839 shares of company stock valued at $80,141,661. Insiders own 1.24% of the company’s stock.
Analyst Ratings Changes
Netflix Stock Down 7.3%
Shares of NFLX opened at $68.95 on Friday. The company has a market capitalization of $290.33 billion, a P/E ratio of 21.70, a PEG ratio of 0.88 and a beta of 1.52. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.41 and a quick ratio of 1.41. Netflix, Inc. has a one year low of $65.08 and a one year high of $126.71. The business’s 50 day simple moving average is $80.15 and its 200-day simple moving average is $86.90.
Netflix (NASDAQ:NFLX – Get Free Report) last released 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. Netflix had a return on equity of 40.83% and a net margin of 28.22%.The business had revenue of $12.56 billion for the quarter, compared to analyst estimates of $12.58 billion. During the same period in the prior year, the company earned $0.72 EPS. Netflix’s revenue for the quarter was up 13.4% on a year-over-year basis. As a group, sell-side analysts predict that Netflix, Inc. will post 3.6 EPS for the current fiscal year.
Netflix News Summary
Here are the key news stories impacting Netflix this week:
- Positive Sentiment: Some analysts remain bullish, arguing Netflix still has strong long-term upside from margin expansion, advertising growth, and new engagement-driven content formats. Mark Mahaney Reiterates Buy on Netflix
- Positive Sentiment: Supportive commentary highlighted Netflix’s AI, ads, short-form video, and gaming strategy as potential growth catalysts for monetization and engagement. Ad Engagement & Content Opportunities Offer Bullish Edge for NFLX
- Neutral Sentiment: Several analysts cut price targets but mostly kept buy/overweight or hold ratings, signaling lower near-term expectations rather than a full thesis break. Laura Martin Maintains Buy on Netflix
- Negative Sentiment: Netflix’s weaker Q3 outlook and reduced engagement disclosure sparked concern that growth is slowing and management is becoming less transparent with investors. Netflix third-quarter earnings forecast falls shy of Wall Street expectations
- Negative Sentiment: Coverage across the market emphasized the post-earnings selloff, citing a revenue miss, soft guidance, and investor worries about future growth and competition. U.S. Chip Stocks Extend Slide; Netflix Tumbles on Growth Warning
About Netflix
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.
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