Twin Lakes Capital Management LLC Acquires 20,644 Shares of Netflix, Inc. $NFLX

Twin Lakes Capital Management LLC grew its holdings in Netflix, Inc. (NASDAQ:NFLX) by 55.8% during the second quarter, HoldingsChannel.com reports. The firm owned 57,624 shares of the Internet television network’s stock after acquiring an additional 20,644 shares during the quarter. Netflix makes up about 1.3% of Twin Lakes Capital Management LLC’s holdings, making the stock its 19th biggest holding. Twin Lakes Capital Management LLC’s holdings in Netflix were worth $4,114,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in NFLX. Imprint Wealth LLC purchased a new position in Netflix in the 3rd quarter worth about $25,000. Cornerstone Financial Management LLC bought a new position in Netflix in the 4th quarter worth about $26,000. Clal Insurance Enterprises Holdings Ltd bought a new position in Netflix in the 2nd quarter worth about $26,000. Atlas Capital Advisors Inc. purchased a new position in shares of Netflix during the fourth quarter worth approximately $26,000. Finally, Jessup Wealth Management Inc bought a new stake in shares of Netflix during the fourth quarter valued at approximately $27,000. 80.93% of the stock is currently owned by institutional investors.

Insider Activity at Netflix

In other Netflix news, Director Richard N. Barton sold 2,160 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $75.10, for a total transaction of $162,216.00. Following the completion of the sale, the director directly owned 246 shares of the company’s stock, valued at approximately $18,474.60. This represents a 89.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Spencer Adam Neumann sold 9,248 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $75.79, for a total transaction of $700,905.92. Following the sale, the chief financial officer directly owned 73,787 shares of the company’s stock, valued at approximately $5,592,316.73. The trade was 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 213,595 shares of company stock valued at $15,812,072 over the last 90 days. Company insiders own 1.24% of the company’s stock.

Key Stories Impacting Netflix

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 Up 2.4%

Netflix stock opened at $82.73 on Thursday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.39. The firm has a market cap of $344.48 billion, a P/E ratio of 26.04, a P/E/G ratio of 1.14 and a beta of 1.53. The business has a fifty day moving average of $75.19 and a two-hundred day moving average of $84.40. Netflix, Inc. has a twelve month low of $65.08 and a twelve month high of $126.71.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.01. The business had revenue of $12.56 billion for the quarter, compared to the consensus estimate of $12.58 billion. Netflix had a return on equity of 40.02% and a net margin of 28.22%.The business’s revenue was up 13.4% compared to the same quarter last year. During the same period last year, the business posted $0.72 EPS. On average, analysts forecast that Netflix, Inc. will post 3.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. TD Cowen dropped their price objective on Netflix from $112.00 to $100.00 and set a “buy” rating on the stock in a research note on Friday, July 17th. Wolfe Research reiterated an “outperform” rating and issued a $95.00 target price (up from $84.00) on shares of Netflix in a report on Tuesday, August 25th. Bank of America dropped their price target on Netflix from $125.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, July 17th. Weiss Ratings lowered Netflix from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, June 26th. Finally, Stephens started coverage on Netflix in a report on Friday, July 17th. They issued an “overweight” rating for the company. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $96.65.

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.