BDF Gestion Acquires Shares of 7,000 Netflix, Inc. $NFLX

Key Points

• BDF Gestion has acquired a new stake in Netflix, Inc., purchasing 7,000 shares valued at approximately $9.37 million, making Netflix 1.1% of their portfolio and its 15th largest holding.
• Netflix reported $7.19 EPS for its last quarter, surpassing analysts' expectations, with revenue reaching $11.08 billion, reflecting a 15.9% increase year-over-year.
• Institutional investors own 80.93% of Netflix's stock, signaling strong institutional interest, with various firms like Fullcircle Wealth and Capital Analysts making incremental increases to their holdings.

BDF Gestion bought a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,000 shares of the Internet television network's stock, valued at approximately $9,374,000. Netflix accounts for about 1.1% of BDF Gestion's holdings, making the stock its 15th biggest position.

Several other hedge funds have also recently added to or reduced their stakes in NFLX. Brighton Jones LLC lifted its stake in 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 period. Revolve Wealth Partners LLC lifted its stake in 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 period. Cornerstone Advisory LLC raised its position in shares of Netflix by 23.4% during the fourth quarter. Cornerstone Advisory LLC now owns 506 shares of the Internet television network's stock worth $451,000 after purchasing an additional 96 shares during the period. Connecticut Wealth Management LLC raised its position in shares of Netflix by 3.3% during the fourth quarter. Connecticut Wealth Management LLC now owns 941 shares of the Internet television network's stock worth $839,000 after purchasing an additional 30 shares during the period. Finally, Vise Technologies Inc. raised its position in shares of Netflix by 62.8% during the fourth quarter. Vise Technologies Inc. now owns 8,040 shares of the Internet television network's stock worth $7,166,000 after purchasing an additional 3,101 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Wall Street Analysts Forecast Growth

NFLX has been the topic of a number of research analyst reports. Rosenblatt Securities raised their price target on Netflix from $1,514.00 to $1,515.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Phillip Securities lowered Netflix from a "hold" rating to a "strong sell" rating in a research report on Monday, July 21st. Wedbush reaffirmed an "outperform" rating and set a $1,500.00 price target (up previously from $1,400.00) on shares of Netflix in a research report on Monday, July 14th. Seaport Res Ptn lowered Netflix from a "strong-buy" rating to a "hold" rating in a research report on Sunday, July 6th. Finally, Jefferies Financial Group reaffirmed a "buy" rating on shares of Netflix in a research report on Thursday, September 11th. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $1,328.87.

Netflix Stock Performance

Shares of NASDAQ NFLX traded up $19.19 during midday trading on Friday, hitting $1,226.97. 4,943,369 shares of the company's stock were exchanged, compared to its average volume of 2,658,717. 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 12 month low of $677.88 and a 12 month high of $1,341.15. The company's 50 day moving average price is $1,212.49 and its 200 day moving average price is $1,140.66. The firm has a market capitalization of $521.38 billion, a PE ratio of 52.28, a price-to-earnings-growth ratio of 2.07 and a beta of 1.60.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, topping the consensus estimate of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The company had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. During the same period in the previous year, the company posted $4.88 EPS. The firm'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, analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In related news, CEO Theodore A. Sarandos sold 2,026 shares of Netflix stock in a transaction that occurred on 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 completion of the sale, the chief executive officer directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 2,026 shares of Netflix stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 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.

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.