Caisse DE Depot ET Placement DU Quebec Has $347.29 Million Stock Position in Netflix, Inc. $NFLX

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its stake in Netflix by 3.6%, holding 372,420 shares valued at approximately $347.29 million.
• Netflix reported $7.19 earnings per share for the last quarter, surpassing analyst expectations, and achieved a revenue of $11.08 billion, marking a 15.9% year-over-year increase.
• Brokerage firms are optimistic about Netflix, with Wall Street Zen upgrading the stock from "hold" to "buy" and a consensus target price now set at $1,297.66.

Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 3.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 372,420 shares of the Internet television network's stock after buying an additional 12,870 shares during the period. Caisse DE Depot ET Placement DU Quebec owned approximately 0.09% of Netflix worth $347,293,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC raised its position in Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after buying an additional 13 shares during the period. Brown Shipley& Co Ltd acquired a new position in Netflix during the fourth quarter valued at $27,000. Copia Wealth Management acquired a new position in Netflix during the fourth quarter valued at $37,000. Stuart Chaussee & Associates Inc. raised its position in Netflix by 4,500.0% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock valued at $41,000 after buying an additional 45 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC acquired a new position in Netflix in the 1st quarter worth about $42,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $1,204.65 on Monday. The business has a 50 day moving average price of $1,231.41 and a 200 day moving average price of $1,111.65. Netflix, Inc. has a twelve month low of $660.80 and a twelve month high of $1,341.15. The company has a market cap of $511.89 billion, a price-to-earnings ratio of 51.33, a PEG ratio of 2.03 and a beta of 1.59. 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 (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating 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 firm had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter in the prior year, the company earned $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. Research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on NFLX. Wall Street Zen raised Netflix from a "hold" rating to a "buy" rating in a research report on Friday. Cfra Research raised Netflix to a "strong-buy" rating in a research report on Monday, April 28th. Robert W. Baird upped their target price on Netflix from $1,300.00 to $1,500.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Sanford C. Bernstein upped their target price on Netflix from $1,200.00 to $1,390.00 and gave the stock an "outperform" rating in a research report on Thursday, July 17th. Finally, UBS Group reaffirmed a "market underperform" rating on shares of Netflix in a research report on Saturday, July 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, Netflix presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,297.66.

Insider Activity

In related news, insider Cletus R. Willems sold 238 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $1,153.52, for a total transaction of $274,537.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David A. Hyman sold 424 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $1,158.67, for a total value of $491,276.08. Following the completion of the transaction, the insider directly owned 31,610 shares of the company's stock, valued at approximately $36,625,558.70. This trade represents a 1.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 146,307 shares of company stock worth $179,443,809 over the last 90 days. Company insiders own 1.37% of the company's stock.

Netflix 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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