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

Zevenbergen Capital Investments LLC lowered its position in Netflix, Inc. (NASDAQ:NFLX) by 81.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 106,535 shares of the Internet television network’s stock after selling 474,810 shares during the period. Zevenbergen Capital Investments LLC’s holdings in Netflix were worth $7,413,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of NFLX. Cornerstone Financial Management LLC acquired a new position in shares of Netflix in the 4th quarter valued at $26,000. Merkkuri Wealth Advisors LLC acquired a new stake in Netflix during the 1st quarter worth $31,000. Cedar Mountain Advisors LLC grew its position in Netflix by 712.5% during the 4th quarter. Cedar Mountain Advisors LLC now owns 325 shares of the Internet television network’s stock worth $30,000 after purchasing an additional 285 shares during the last quarter. South Plains Financial Inc. acquired a new position in Netflix in the fourth quarter valued at $33,000. Finally, Bayban increased its stake in Netflix by 400.0% in the first quarter. Bayban now owns 350 shares of the Internet television network’s stock valued at $34,000 after purchasing an additional 280 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. CICC Research decreased their target price on shares of Netflix from $110.00 to $90.00 and set an “outperform” rating for the company in a research note on Tuesday, July 21st. Jefferies Financial Group dropped their price target on Netflix from $110.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, July 17th. Guggenheim reaffirmed a “buy” rating and set a $80.00 price objective (up from $75.00) on shares of Netflix in a research note on Thursday, October 1st. KGI Securities cut Netflix from an “outperform” rating to a “neutral” rating and set a $75.00 price objective for the company. in a research report on Friday, July 17th. Finally, Loop Capital lowered their target price on Netflix from $115.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, July 24th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $94.70.

Insider Activity at Netflix

In related news, CFO Spencer Neumann sold 9,248 shares of Netflix stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $75.79, for a total value of $700,905.92. Following the sale, the chief financial officer directly owned 73,787 shares in the company, valued at $5,592,316.73. The trade was a 11.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gregory K. Peters sold 27,312 shares of the company’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $73.54, for a total value of $2,008,524.48. Following the transaction, the chief executive officer directly owned 120,931 shares in the company, valued at $8,893,265.74. This represents a 18.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 179,045 shares of company stock worth $13,132,194 in the last three months. 1.24% of the stock is currently owned by corporate insiders.

More Netflix News

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.

Netflix Stock Performance

Shares of NASDAQ:NFLX traded up $1.87 during midday trading on Thursday, hitting $71.57. The stock had a trading volume of 46,027,773 shares, compared to its average volume of 42,517,398. Netflix, Inc. has a 1 year low of $65.08 and a 1 year high of $124.86. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.39. The stock has a 50 day moving average price of $75.48 and a two-hundred day moving average price of $81.49. The company has a market capitalization of $298.01 billion, a PE ratio of 22.53, a P/E/G ratio of 0.97 and a beta of 1.62.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.01. The firm had revenue of $12.56 billion during the quarter, compared to analysts’ expectations of $12.58 billion. Netflix had a net margin of 28.22% and a return on equity of 40.02%. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.72 earnings per share. As a group, equities analysts predict that Netflix, Inc. will post 3.59 earnings per share for the current fiscal year.

About Netflix

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.