AG2R LA Mondiale Gestion D Actifs Invests $14.69 Million in Netflix, Inc. $NFLX

Key Points

• AG2R LA Mondiale Gestion D Actifs invested approximately $14.69 million in Netflix, acquiring 15,752 shares, making Netflix about 0.8% of their total holdings.
• Several institutional investors significantly increased their stakes in Netflix, with GAMMA Investing LLC boosting its holdings by 109,524.3%, now owning 8.83 million shares valued at over $8.2 billion.
• Research analysts have a generally positive outlook on Netflix, with an average target price of $1,317.58 and multiple "Buy" ratings, while the company reported strong earnings, with $7.19 EPS surpassing expectations.

AG2R LA Mondiale Gestion D Actifs acquired a new position in Netflix, Inc. (NASDAQ:NFLX - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 15,752 shares of the Internet television network's stock, valued at approximately $14,689,000. Netflix comprises about 0.8% of AG2R LA Mondiale Gestion D Actifs' holdings, making the stock its 21st largest holding.

Several other hedge funds and other institutional investors have also recently made changes to their positions in NFLX. GAMMA Investing LLC lifted its holdings in shares of Netflix by 109,524.3% during the 1st quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock valued at $8,239,576,000 after purchasing an additional 8,827,662 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Netflix during the 1st quarter valued at $2,385,585,000. Goldman Sachs Group Inc. lifted its holdings in shares of Netflix by 57.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network's stock valued at $3,164,134,000 after purchasing an additional 1,236,251 shares during the last quarter. Amundi lifted its holdings in shares of Netflix by 37.7% during the 1st quarter. Amundi now owns 2,070,221 shares of the Internet television network's stock valued at $1,898,496,000 after purchasing an additional 567,251 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Netflix by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock valued at $35,433,585,000 after purchasing an additional 509,255 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Insider Activity

In related news, insider Cletus R. Willems sold 238 shares of the stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $1,153.52, for a total transaction of $274,537.76. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Gregory K. Peters sold 2,026 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the sale, the chief executive officer directly owned 12,781 shares in the company, valued at $14,793,240.64. This trade represents a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 89,348 shares of company stock valued at $109,498,489 in the last three months. Corporate insiders own 1.37% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Wolfe Research set a $1,340.00 price target on shares of Netflix and gave the company an "outperform" rating in a research note on Friday, May 16th. Piper Sandler upped their price target on shares of Netflix from $1,400.00 to $1,500.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Bank of America upped their price target on shares of Netflix from $1,175.00 to $1,490.00 and gave the company a "buy" rating in a research note on Friday, May 30th. KeyCorp upped their price target on shares of Netflix from $1,070.00 to $1,390.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Finally, UBS Group restated a "market underperform" rating on shares of Netflix in a research note on Saturday, July 19th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $1,317.58.

Netflix Price Performance

Shares of NFLX opened at $1,203.50 on Friday. The business's 50-day moving average is $1,220.29 and its two-hundred day moving average is $1,130.00. The company has a market capitalization of $511.40 billion, a P/E ratio of 51.28, a P/E/G ratio of 2.10 and a beta of 1.60. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.34 and a current ratio of 1.34. Netflix, Inc. has a fifty-two week low of $677.88 and a fifty-two week high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping the consensus estimate of $7.07 by $0.12. The company had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm's revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period last year, the firm earned $4.88 EPS. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Netflix Profile

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.

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