Amundi Grows Holdings in Netflix, Inc. $NFLX

Key Points

• Amundi increased its stake in Netflix by 37.7%, acquiring an additional 567,251 shares, bringing its total holdings to over 2 million shares, valued at approximately $1.9 billion.
• Several hedge funds have significantly adjusted their positions in Netflix, including Halbert Hargrove, which doubled its investment, while a notable 80.93% of Netflix's shares are now owned by institutional investors.
• Analyst ratings are bullish on Netflix, with numerous firms including Wedbush and Piper Sandler raising their price targets, resulting in an average target price of $1,297.66 with a "Moderate Buy" rating.

Amundi raised its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 37.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,070,221 shares of the Internet television network's stock after acquiring an additional 567,251 shares during the period. Netflix accounts for approximately 0.7% of Amundi's portfolio, making the stock its 18th largest position. Amundi owned approximately 0.49% of Netflix worth $1,898,496,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Brighton Jones LLC raised its holdings in shares of Netflix by 5.0% in the fourth quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock valued at $4,804,000 after buying an additional 257 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of Netflix by 16.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock valued at $912,000 after buying an additional 144 shares during the last quarter. Ancora Advisors LLC raised its holdings in Netflix by 7.1% during the fourth quarter. Ancora Advisors LLC now owns 1,222 shares of the Internet television network's stock worth $1,089,000 after purchasing an additional 81 shares in the last quarter. Cary Street Partners Financial LLC purchased a new stake in Netflix in the 4th quarter valued at approximately $1,945,000. Finally, Bridgefront Capital LLC purchased a new position in shares of Netflix during the 4th quarter worth approximately $218,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Activity at Netflix

In other news, CEO Theodore A. Sarandos sold 2,026 shares of the firm's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total value of $2,351,416.12. Following the transaction, the chief executive officer owned 15,168 shares of the company's stock, valued at approximately $17,604,284.16. This trade represents a 11.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Gregory K. Peters sold 2,026 shares of the firm's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total transaction of $2,344,973.44. Following the completion of the transaction, the chief executive officer directly owned 12,781 shares in the company, valued at approximately $14,793,240.64. This represents a 13.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 89,348 shares of company stock worth $109,498,489 in the last 90 days. Company insiders own 1.37% of the company's stock.

Netflix Trading Down 1.1%

NASDAQ NFLX traded down $13.66 during mid-day trading on Friday, reaching $1,243.82. 2,378,410 shares of the stock were exchanged, compared to its average volume of 2,541,951. Netflix, Inc. has a 1-year low of $660.80 and a 1-year high of $1,341.15. The business's fifty day simple moving average is $1,225.36 and its 200 day simple moving average is $1,123.79. The stock has a market capitalization of $528.53 billion, a PE ratio of 53.00, a PEG ratio of 2.12 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 (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.07 by $0.12. The firm had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. Netflix's revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the business earned $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. On average, research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on NFLX shares. BMO Capital Markets reissued an "outperform" rating and set a $1,425.00 target price (up from $1,200.00) on shares of Netflix in a research note on Tuesday, July 15th. Loop Capital reaffirmed a "hold" rating on shares of Netflix in a report on Tuesday, July 15th. TD Cowen increased their target price on shares of Netflix from $1,440.00 to $1,450.00 and gave the company a "buy" rating in a report on Friday, July 18th. The Goldman Sachs Group increased their target price on shares of Netflix from $1,000.00 to $1,140.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $1,500.00 target price on shares of Netflix in a report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $1,317.58.

Netflix Company 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.