Allspring Global Investments Holdings LLC Has $259.75 Million Position in Netflix, Inc. $NFLX

Allspring Global Investments Holdings LLC lowered its holdings in Netflix, Inc. (NASDAQ:NFLX) by 9.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,718,518 shares of the Internet television network’s stock after selling 296,199 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.06% of Netflix worth $259,754,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Pacific Sun Financial Corp grew its holdings in shares of Netflix by 1.6% in the 3rd quarter. Pacific Sun Financial Corp now owns 574 shares of the Internet television network’s stock worth $688,000 after purchasing an additional 9 shares during the last quarter. Beaird Harris Wealth Management LLC lifted its holdings in Netflix by 9.6% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 114 shares of the Internet television network’s stock valued at $137,000 after purchasing an additional 10 shares during the last quarter. Monograph Wealth Advisors LLC boosted its position in Netflix by 1.8% in the second quarter. Monograph Wealth Advisors LLC now owns 682 shares of the Internet television network’s stock valued at $913,000 after buying an additional 12 shares in the last quarter. Resources Management Corp CT ADV grew its stake in Netflix by 2.0% during the second quarter. Resources Management Corp CT ADV now owns 829 shares of the Internet television network’s stock worth $1,110,000 after buying an additional 16 shares during the last quarter. Finally, Sompo Asset Management Co. Ltd. grew its stake in Netflix by 1.4% during the second quarter. Sompo Asset Management Co. Ltd. now owns 1,500 shares of the Internet television network’s stock worth $2,009,000 after buying an additional 20 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Trending Headlines about Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Netflix beat Q2 earnings estimates, reporting $0.80 EPS versus $0.79 expected, and revenue still grew 13% year over year. Netflix (NFLX) Surpasses Q2 Earnings Estimates
• Positive Sentiment: Management highlighted continued progress in advertising and said AI is helping lower content-production costs, with Ted Sarandos noting AI has been used across about 300 productions. Netflix Content Spend Accelerates, As Do Savings From AI
• Neutral Sentiment: Analysts such as Evercore ISI’s Mark Mahaney remain constructive, citing margin expansion, ad growth, and stable engagement as reasons for upside potential. Mark Mahaney Reiterates Buy on Netflix
• Neutral Sentiment: Netflix said it will reduce how often it publishes viewing-hour data, moving its “What We Watched” report to annual updates, which has added to investor uncertainty about engagement trends. Netflix third-quarter earnings forecast falls shy of Wall Street expectations
• Negative Sentiment: The weak Q3 forecast suggests slowing momentum and reinforces fears that subscriber engagement and growth are cooling. Netflix shares slide on disappointing growth forecasts
• Negative Sentiment: Multiple reports flagged concern that Netflix’s growth engine may be weakening, with investors worried about lower engagement, softer content traction, and increasing competition. Netflix’s next growth chapter hinges on keeping viewers hooked

Netflix Trading Up 0.9%

Shares of NFLX opened at $74.35 on Friday. The stock’s fifty day simple moving average is $80.52 and its 200-day simple moving average is $87.03. The firm has a market capitalization of $313.07 billion, a PE ratio of 24.01, a price-to-earnings-growth ratio of 0.94 and a beta of 1.52. Netflix, Inc. has a 12-month low of $70.86 and a 12-month high of $127.75. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.43.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data 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 firm had revenue of $12.56 billion during the quarter, compared to analyst estimates of $12.58 billion. Netflix had a return on equity of 40.92% and a net margin of 28.52%.The company’s revenue was up 13.4% on a year-over-year basis. During the same period last year, the company earned $0.72 earnings per share. As a group, research analysts predict that Netflix, Inc. will post 3.6 earnings per share for the current year.

Wall Street Analyst Weigh In

NFLX has been the subject of a number of research analyst reports. Phillip Securities lifted their target price on shares of Netflix from $100.00 to $110.00 in a research note on Monday, April 20th. Weiss Ratings lowered Netflix from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, June 26th. Citigroup reaffirmed a “buy” rating and set a $100.00 price target (down from $115.00) on shares of Netflix in a report on Thursday, July 9th. Citic Securities lifted their price objective on Netflix from $95.00 to $107.00 and gave the company a “hold” rating in a research report on Monday, April 27th. Finally, Seaport Research Partners boosted their price objective on Netflix from $115.00 to $119.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Two analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $111.29.

Insider Buying and Selling

In related news, Director Bradford L. Smith sold 35,990 shares of the stock in a transaction that occurred on 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 transaction, the director directly owned 79,690 shares in the company, valued at $6,177,568.80. This represents a 31.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Gregory K. Peters sold 27,312 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were 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 ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 899,839 shares of company stock worth $80,141,661. 1.24% of the stock is currently owned by company insiders.

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.