ABN AMRO Bank N.V. Makes New $101.65 Million Investment in Netflix, Inc. $NFLX

Key Points

• ABN AMRO Bank acquired 1.42 million Netflix shares worth approximately $101.65 million in the second quarter, making Netflix about 1.3% of its portfolio. Institutional investors collectively own 80.93% of Netflix.
• Analyst sentiment remains broadly positive, with Netflix receiving a consensus “Moderate Buy” rating and an average price target of $103.48, despite some recent downgrades and target-price cuts.
• Netflix reported quarterly EPS of $0.80, slightly ahead of estimates, while revenue rose 13.4% year over year to $12.56 billion. However, insider selling—including transactions by the CEO and a director—has totaled about $49.1 million over the past 90 days.

ABN AMRO Bank N.V. acquired a new stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,421,750 shares of the Internet television network's stock, valued at approximately $101,648,000. Netflix accounts for about 1.3% of ABN AMRO Bank N.V.'s holdings, making the stock its 23rd biggest position.

Other hedge funds have also recently modified their holdings of the company. Imprint Wealth LLC bought a new stake in shares of Netflix during the third quarter valued at approximately $25,000. Turning Point Benefit Group Inc. increased its holdings in shares of Netflix by 13,400.0% in the 4th quarter. Turning Point Benefit Group Inc. now owns 270 shares of the Internet television network's stock worth $25,000 after purchasing an additional 268 shares in the last quarter. Atlas Capital Advisors Inc. purchased a new position in shares of Netflix in the fourth quarter worth $26,000. Cornerstone Financial Management LLC purchased a new position in shares of Netflix in the fourth quarter worth $26,000. Finally, Jessup Wealth Management Inc purchased a new position in shares of Netflix in the fourth quarter worth $27,000. Institutional investors own 80.93% of the company's stock.

Analyst Ratings Changes

NFLX has been the topic of several recent analyst reports. Oppenheimer set a $85.00 price objective on Netflix and gave the company an "outperform" rating in a research report on Friday, July 17th. Seaport Research Partners lowered Netflix from a "buy" rating to a "neutral" rating in a research report on Monday, July 20th. Pivotal Research lowered their target price on shares of Netflix from $96.00 to $70.00 and set a "hold" rating on the stock in a research note on Friday, July 17th. Erste Group Bank cut shares of Netflix from a "buy" rating to a "hold" rating in a research note on Monday, April 27th. Finally, Raymond James Financial reaffirmed a "market perform" rating on shares of Netflix in a report on Thursday, May 14th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, sixteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $103.48.

Netflix Stock Performance

Shares of NFLX opened at $78.16 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.14 and a quick ratio of 1.14. Netflix, Inc. has a one year low of $65.08 and a one year high of $126.71. The firm has a market capitalization of $325.45 billion, a P/E ratio of 24.60, a PEG ratio of 0.98 and a beta of 1.52. The business has a fifty day moving average of $74.67 and a 200 day moving average of $84.54.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Thursday, July 16th. The Internet television network reported $0.80 EPS for the quarter, beating 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 company 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 earned $0.72 earnings per share. Netflix's revenue for the quarter was up 13.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Netflix, Inc. will post 3.59 EPS for the current year.

More Netflix News

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Bill Ackman’s Pershing Square disclosed a new Netflix position of approximately 3.15 million shares, representing about 4.9% of the fund’s portfolio. Ackman said Netflix has effectively “won the streaming wars,” renewing investor interest after the stock’s major sell-off. Reuters article
• Positive Sentiment: Analysts and investing commentators point to Netflix’s resilient fundamentals: second-quarter revenue rose 13.4% year over year to $12.6 billion, earnings per share slightly exceeded estimates, and profitability remained strong. The advertising business, expanding margins and a valuation viewed as reasonable relative to growth are supporting the bullish case. Zacks article
• Positive Sentiment: Netflix’s continued push into live sports—including an MLB “Field of Dreams” game—and the extension of its Seinfeld agreement could strengthen engagement, advertising opportunities and content retention. MLB live sports article
• Neutral Sentiment: Institutional positioning is mixed: some large investors added shares while others reduced holdings. Analysts’ reported price targets remain above the current market level, but investors still must weigh valuation and slowing growth expectations.
• Negative Sentiment: Netflix closed its Hollywood-based Night School gaming studio and plans to close Helsinki-based Moonloot. The closures may improve focus and reduce costs, but they also raise questions about the company’s gaming strategy and ability to expand beyond streaming. Los Angeles Times article
• Negative Sentiment: Reported insider trading shows 30 Netflix open-market sales and no purchases over the past six months. While such sales may reflect compensation or diversification, the one-sided pattern can weigh on sentiment and contrasts with Ackman’s new bullish position. Quiver Quantitative article

Insider Buying and Selling

In other Netflix news, Director Bradford L. Smith sold 35,990 shares of the company's stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $77.52, for a total transaction of $2,789,944.80. Following the completion of the sale, the director directly owned 79,690 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Theodore A. Sarandos sold 105,850 shares of Netflix stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $73.03, for a total transaction of $7,730,225.50. Following the transaction, the chief executive officer owned 206,266 shares in the company, valued at $15,063,605.98. This represents a 33.91% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 600,295 shares of company stock valued at $49,056,671 in the last 90 days. 1.24% of the stock is owned by insiders.

Netflix Company 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.

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