B. Metzler seel. Sohn & Co. AG Acquires 6,998 Shares of Netflix, Inc. $NFLX

Key Points

• B. Metzler seel. Sohn & Co. AG increased its stake in Netflix, Inc. by 12.9%, acquiring an additional 6,998 shares, bringing their total to 61,231 shares valued at approximately $57.1 million.
• Netflix's latest quarterly earnings showed an EPS of $7.19, surpassing expectations, with a revenue increase of 15.9% compared to the previous year, amounting to $11.08 billion.
• Institutional investors own 80.93% of Netflix's stock, with a mix of hedge funds increasing their positions or entering new investments in the company.

B. Metzler seel. Sohn & Co. AG raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 12.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 61,231 shares of the Internet television network's stock after purchasing an additional 6,998 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Netflix were worth $57,099,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of NFLX. Halbert Hargrove Global Advisors LLC raised its stake in shares of 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 in the last quarter. Brown Shipley& Co Ltd acquired a new position in shares of Netflix in the fourth quarter valued at $27,000. Copia Wealth Management acquired a new position in shares of Netflix in the fourth quarter valued at $37,000. Stuart Chaussee & Associates Inc. raised its stake in shares of Netflix by 4,500.0% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock valued at $41,000 after purchasing an additional 45 shares in the last quarter. Finally, Barnes Dennig Private Wealth Management LLC bought a new stake in Netflix in the first quarter valued at $42,000. 80.93% of the stock is owned by institutional investors.

Netflix Stock Up 0.7%

NASDAQ:NFLX opened at $1,226.09 on Wednesday. The stock has a market cap of $521.00 billion, a price-to-earnings ratio of 52.24, a PEG ratio of 2.05 and a beta of 1.59. The stock has a 50-day moving average price of $1,231.37 and a two-hundred day moving average price of $1,113.86. Netflix, Inc. has a 1 year low of $660.80 and a 1 year high of $1,341.15. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58.

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 analysts' consensus estimates of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The firm had revenue of $11.08 billion during the quarter, compared to analysts' expectations of $11.04 billion. During the same quarter last year, the company posted $4.88 earnings per share. The company's revenue for the quarter was up 15.9% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, equities analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Buying and Selling at Netflix

In related news, CFO Spencer Adam Neumann sold 685 shares of the stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $1,161.21, for a total transaction of $795,428.85. Following the sale, the chief financial officer owned 3,691 shares in the company, valued at approximately $4,286,026.11. This trade represents a 15.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Gregory K. Peters sold 2,026 shares of the stock in a transaction that occurred 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 of the company's stock, valued at approximately $14,793,240.64. The trade was a 13.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 145,667 shares of company stock worth $178,679,156 in the last three months. Company insiders own 1.37% of the company's stock.

Wall Street Analyst Weigh In

NFLX has been the topic of a number of analyst reports. KeyCorp upped their price target 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. Phillip Securities lowered Netflix from a "hold" rating to a "strong sell" rating in a research note on Monday, July 21st. Bank of America boosted their price objective on Netflix from $1,175.00 to $1,490.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Piper Sandler boosted their price objective on Netflix from $1,400.00 to $1,500.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. Finally, TD Cowen upped their price target on Netflix from $1,440.00 to $1,450.00 and gave the company a "buy" rating in a research note on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Netflix currently has a consensus rating of "Moderate Buy" and an average price target of $1,297.66.

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.

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