ASR Vermogensbeheer N.V. Trims Stock Holdings in Netflix, Inc. $NFLX

Key Points

• ASR Vermogensbeheer N.V. reduced its stake in Netflix by 2.5% in Q2, now holding 79,319 shares valued at approximately $106.2 million.
• During the last quarter, insiders at Netflix sold a total of 59,324 shares, representing a significant ownership decrease.
• Netflix reported $7.19 EPS for Q2, surpassing estimates, and experienced a 15.9% year-over-year revenue increase to $11.08 billion.

ASR Vermogensbeheer N.V. lessened its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 2.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,319 shares of the Internet television network's stock after selling 1,996 shares during the quarter. Netflix accounts for about 1.4% of ASR Vermogensbeheer N.V.'s holdings, making the stock its 11th biggest holding. ASR Vermogensbeheer N.V.'s holdings in Netflix were worth $106,211,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in NFLX. Halbert Hargrove Global Advisors LLC raised its position in Netflix by 100.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after purchasing an additional 13 shares during the period. Maseco LLP acquired a new stake in shares of Netflix in the second quarter valued at $39,000. Ransom Advisory Ltd acquired a new stake in shares of Netflix in the second quarter valued at $47,000. Flaharty Asset Management LLC purchased a new stake in shares of Netflix in the 1st quarter valued at $37,000. Finally, Signature Resources Capital Management LLC lifted its stake in Netflix by 740.0% during the 2nd quarter. Signature Resources Capital Management LLC now owns 42 shares of the Internet television network's stock worth $56,000 after acquiring an additional 37 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $1,170.90 on Thursday. The stock's 50-day simple moving average is $1,208.27 and its 200-day simple moving average is $1,155.95. The firm has a market capitalization of $497.55 billion, a PE ratio of 49.89, a price-to-earnings-growth ratio of 2.02 and a beta of 1.59. Netflix, Inc. has a fifty-two week low of $677.88 and a fifty-two week high of $1,341.15. 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 quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating the consensus estimate of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The company had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same period in the prior year, the firm posted $4.88 earnings per share. The firm's revenue was up 15.9% on a year-over-year basis. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, equities research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Activity

In other news, CEO Theodore A. Sarandos sold 2,026 shares of Netflix stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the sale, the chief executive officer owned 15,168 shares in the company, valued at approximately $17,604,284.16. The trade was a 11.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gregory K. Peters sold 2,026 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the completion of the sale, the chief executive officer directly owned 12,781 shares of the company's stock, valued at $14,793,240.64. The trade was a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 59,324 shares of company stock worth $70,235,556 over the last three months. Company insiders own 1.37% of the company's stock.

Analyst Ratings Changes

NFLX has been the subject of several research reports. KeyCorp lifted their target price on Netflix from $1,070.00 to $1,390.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Robert W. Baird lifted their price objective on shares of Netflix from $1,300.00 to $1,500.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Wells Fargo & Company upped their target price on shares of Netflix from $1,500.00 to $1,560.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. Sanford C. Bernstein raised their price target on shares of Netflix from $1,200.00 to $1,390.00 and gave the company an "outperform" rating in a research report on Thursday, July 17th. Finally, Zacks Research lowered Netflix from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 1st. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $1,334.03.

About Netflix

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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