EMC Capital Management Takes Position in Netflix, Inc. $NFLX

EMC Capital Management purchased a new position in Netflix, Inc. (NASDAQ:NFLX) in the second quarter, Holdings Channel.com reports. The firm purchased 36,800 shares of the Internet television network’s stock, valued at approximately $2,498,000. Netflix comprises 1.0% of EMC Capital Management’s investment portfolio, making the stock its 11th largest position.

Other hedge funds have also recently made changes to their positions in the company. Twin Lakes Capital Management LLC boosted its stake in shares of Netflix by 55.8% in the 2nd quarter. Twin Lakes Capital Management LLC now owns 57,624 shares of the Internet television network’s stock worth $4,114,000 after buying an additional 20,644 shares during the last quarter. Robbins Farley grew its holdings in shares of Netflix by 16.9% in the second quarter. Robbins Farley now owns 67,222 shares of the Internet television network’s stock worth $4,800,000 after acquiring an additional 9,735 shares during the period. Draper Asset Management LLC increased its position in Netflix by 73.6% during the second quarter. Draper Asset Management LLC now owns 13,897 shares of the Internet television network’s stock valued at $992,000 after acquiring an additional 5,891 shares during the last quarter. Emergent Wealth Advisors LLC increased its position in Netflix by 35.6% during the second quarter. Emergent Wealth Advisors LLC now owns 3,162 shares of the Internet television network’s stock valued at $226,000 after acquiring an additional 830 shares during the last quarter. Finally, PFG Private Wealth Management LLC lifted its holdings in Netflix by 8.9% in the second quarter. PFG Private Wealth Management LLC now owns 10,460 shares of the Internet television network’s stock valued at $747,000 after acquiring an additional 855 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on NFLX. Rosenblatt Securities set a $75.00 target price on Netflix and gave the stock a “neutral” rating in a research report on Friday, July 17th. Moffett Nathanson reduced their price target on shares of Netflix from $115.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, July 17th. Jefferies Financial Group lowered their price objective on shares of Netflix from $110.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, July 17th. Deutsche Bank Aktiengesellschaft set a $110.00 price objective on shares of Netflix in a report on Monday, July 20th. Finally, DZ Bank restated a “buy” rating on shares of Netflix in a research report on Monday, July 20th. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, sixteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $96.65.

Insider Activity at Netflix

In related news, CEO Gregory K. Peters sold 27,312 shares of the stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $73.54, for a total value of $2,008,524.48. Following the completion of the sale, the chief executive officer directly owned 120,931 shares of the company’s stock, valued at approximately $8,893,265.74. This represents a 18.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider David A. Hyman sold 5,723 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $72.85, for a total transaction of $416,920.55. Following the sale, the insider owned 316,100 shares in the company, valued at approximately $23,027,885. The trade was a 1.78% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 213,595 shares of company stock worth $15,812,072 in the last quarter. 1.24% of the stock is currently owned by insiders.

More Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Several analysts and commentators view Netflix as attractively valued after its substantial pullback from its high. The company’s growing ad-supported business, strong cash generation and buyback program could support a long-term recovery. Netflix Is Down 46% From Its High
• Positive Sentiment: Netflix received an average “Moderate Buy” analyst rating, reinforcing the view that the recent weakness may represent an entry opportunity rather than a deterioration in the long-term investment case. Netflix Receives Moderate Buy Rating
• Positive Sentiment: A multi-year agreement with EverPass Media will distribute Netflix’s five 2026 NFL games, including a Thanksgiving Eve matchup, to commercial venues nationwide. The deal broadens the reach and monetization potential of Netflix’s live-sports programming. EverPass Media Expands NFL Offering Through Agreement with Netflix
• Neutral Sentiment: A partnership with Stella Artois tied to season two of The Gentlemen, along with strong attention generated by exclusive Grand Theft Auto VI preview footage on Netflix, supports engagement and advertising visibility but is unlikely to materially change near-term financial results. Netflix Unveils New Partnership
• Negative Sentiment: Investors remain concerned about slowing subscriber and revenue growth, competition from short-form video platforms and Netflix’s underperformance versus the broader market. These issues could limit multiple expansion despite the discounted valuation. Netflix: A Streaming Giant at a Rare Discount?

Netflix Stock Performance

NASDAQ:NFLX opened at $82.73 on Thursday. The stock has a 50-day simple moving average of $75.19 and a two-hundred day simple moving average of $84.40. Netflix, Inc. has a 52-week low of $65.08 and a 52-week high of $126.71. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market capitalization of $344.48 billion, a PE ratio of 26.04, a P/E/G ratio of 1.14 and a beta of 1.53.

Netflix (NASDAQ:NFLX) last issued 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 40.02% and a net margin of 28.22%.The business had revenue of $12.56 billion during the quarter, compared to analysts’ expectations of $12.58 billion. During the same quarter in the prior year, the business posted $0.72 earnings per share. The business’s quarterly revenue was up 13.4% on a year-over-year basis. Analysts forecast 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.