Baader Bank Aktiengesellschaft Sells 1,194 Shares of Netflix, Inc. $NFLX

Baader Bank Aktiengesellschaft lessened its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 18.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,435 shares of the Internet television network's stock after selling 1,194 shares during the period. Baader Bank Aktiengesellschaft's holdings in Netflix were worth $7,276,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Halbert Hargrove Global Advisors LLC boosted its holdings in shares of Netflix by 100.0% during the 1st 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 last quarter. Brown Shipley& Co Ltd bought a new position in shares of Netflix in the 4th quarter valued at about $27,000. Ransom Advisory Ltd bought a new position in shares of Netflix in the 2nd quarter valued at about $47,000. Flaharty Asset Management LLC bought a new position in shares of Netflix in the 1st quarter valued at about $37,000. Finally, Copia Wealth Management bought a new position in shares of Netflix in the 4th quarter valued at about $37,000. Institutional investors own 80.93% of the company's stock.

Netflix Stock Performance

Shares of NFLX stock opened at $1,228.50 on Thursday. The firm has a market cap of $522.02 billion, a price-to-earnings ratio of 52.34, a PEG ratio of 2.02 and a beta of 1.60. The company's 50 day moving average is $1,213.71 and its 200 day moving average is $1,136.26. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 52-week low of $677.88 and a 52-week high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.07 by $0.12. The company 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 period last year, the company posted $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, sell-side analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In related news, CEO Gregory K. Peters sold 2,026 shares of Netflix 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 transaction, the chief executive officer directly owned 12,781 shares of the company's stock, valued at $14,793,240.64. This trade represents a 13.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Theodore A. Sarandos sold 2,026 shares of Netflix stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the transaction, the chief executive officer directly 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 disclosure for this sale can be found here. In the last three months, insiders sold 89,348 shares of company stock valued at $109,498,489. 1.37% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

NFLX has been the subject of a number of analyst reports. Bank of America increased their price target on shares of Netflix from $1,175.00 to $1,490.00 and gave the company a "buy" rating in a report on Friday, May 30th. The Goldman Sachs Group increased their price target 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. Sanford C. Bernstein increased their price target on shares of Netflix from $1,200.00 to $1,390.00 and gave the company an "outperform" rating in a report on Thursday, July 17th. Rosenblatt Securities increased their price target on shares of Netflix from $1,514.00 to $1,515.00 and gave the company a "buy" rating in a report on Friday, July 18th. Finally, TD Cowen increased their price target 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. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $1,328.87.

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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