BNP Paribas Has $2.96 Million Stock Position in Netflix, Inc. $NFLX

Key Points

• BNP Paribas cut its Netflix stake by 44% in the second quarter, selling 32,532 shares and retaining 41,475 shares valued at approximately $2.96 million.
• Institutional investors own 80.93% of Netflix, while insiders own 1.24%; company executives sold substantial shares recently, including sales totaling about $49.1 million over the last quarter.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $103.19. Netflix slightly exceeded quarterly EPS estimates, and revenue rose 13.4% year over year to $12.56 billion.

BNP Paribas reduced its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 44.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,475 shares of the Internet television network's stock after selling 32,532 shares during the quarter. BNP Paribas' holdings in Netflix were worth $2,961,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Imprint Wealth LLC acquired a new stake in Netflix in the 3rd quarter valued at $25,000. Atlas Capital Advisors Inc. acquired a new position in Netflix during the 4th quarter worth about $26,000. Cornerstone Financial Management LLC bought a new stake in Netflix during the 4th quarter worth about $26,000. Clal Insurance Enterprises Holdings Ltd bought a new stake in Netflix during the 2nd quarter worth about $26,000. Finally, Jessup Wealth Management Inc bought a new stake in Netflix during the 4th quarter worth about $27,000. Institutional investors own 80.93% of the company's stock.

Insider Buying and Selling

In other Netflix news, CEO Gregory K. Peters sold 27,312 shares of the business's stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $73.54, for a total transaction of $2,008,524.48. Following the transaction, the chief executive officer owned 120,931 shares of the company's stock, valued at $8,893,265.74. The trade was a 18.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Theodore A. Sarandos sold 27,312 shares of the company's stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $73.35, for a total value of $2,003,335.20. Following the completion of the sale, the chief executive officer owned 178,954 shares in the company, valued at $13,126,275.90. This represents a 13.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 600,295 shares of company stock worth $49,056,671 in the last quarter. 1.24% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

NFLX has been the subject of several research analyst reports. Bank of America restated a "buy" rating and issued a $125.00 price objective on shares of Netflix in a research report on Monday, May 18th. TD Cowen lowered their target price on Netflix from $112.00 to $100.00 and set a "buy" rating for the company in a research note on Friday, July 17th. KGI Securities lowered shares of Netflix from an "outperform" rating to a "neutral" rating and set a $75.00 target price on the stock. in a research note on Friday, July 17th. Citigroup reiterated a "market perform" rating on shares of Netflix in a research report on Monday, August 17th. Finally, Wells Fargo & Company set a $80.00 target price on shares of Netflix and gave the stock an "equal weight" rating in a report on Friday, July 17th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, seventeen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $103.19.

Key Headlines Impacting Netflix

Here are the key news stories impacting Netflix this week:

• Positive Sentiment: Bill Ackman’s Pershing Square reportedly added approximately 13.1 million Netflix shares, making NFLX one of the hedge fund’s new concentrated holdings. The move may bolster investor confidence in Netflix’s valuation and long-term earnings potential. Bill Ackman portfolio overhaul article
• Positive Sentiment: Analysts and market commentators point to Netflix’s rapidly expanding advertising business, a potential $3 billion advertising revenue opportunity, continued global expansion and margin growth as catalysts for a possible recovery toward $100 and beyond. Record share buybacks could further support earnings per share. Netflix stock price prediction article
• Positive Sentiment: Netflix is being described as an undervalued long-term holding, with bullish arguments centered on double-digit revenue growth, free-cash-flow generation and the ability to monetize live events and lower-priced ad-supported plans. Netflix five-year outlook article
• Neutral Sentiment: The Netflix preview of Grand Theft Auto VI attracted significant online attention and traffic, but the immediate stock-market beneficiary appears to be Take-Two Interactive, the game’s publisher, rather than Netflix. GTA 6 Netflix preview article
• Negative Sentiment: Some analysts argue that Netflix’s growth is moderating and that Alphabet offers stronger diversification, advertising exposure and valuation. Recent commentary also identifies resistance near $82 and muted enthusiasm following the latest earnings report. NFLX versus GOOGL article
• Negative Sentiment: Reported insider activity remains a potential overhang: executives and directors made numerous sales and no purchases over the past six months. Investors may interpret the selling as reduced insider conviction, although it may also reflect routine diversification. Netflix ad monetization and market resistance article

Netflix Stock Performance

NFLX opened at $81.72 on Friday. The company has a market capitalization of $340.28 billion, a price-to-earnings ratio of 25.72, a P/E/G ratio of 1.00 and a beta of 1.52. The business's 50-day moving average price is $74.65 and its two-hundred day moving average price is $84.33. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.14 and a quick ratio of 1.14. Netflix, Inc. has a 1 year low of $65.08 and a 1 year high of $126.71.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results on Thursday, July 16th. The Internet television network reported $0.80 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.01. Netflix had a return on equity of 40.02% and a net margin of 28.22%.The firm had revenue of $12.56 billion during the quarter, compared to the consensus estimate of $12.58 billion. During the same quarter in the prior year, the firm posted $0.72 EPS. The business's revenue was up 13.4% on a year-over-year basis. Equities analysts expect that Netflix, Inc. will post 3.59 EPS for the current fiscal year.

Netflix Company Profile

Netflix, Inc NASDAQ: NFLX is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company's primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.

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