Candriam S.C.A. Has $50.08 Million Stock Position in Netflix, Inc. $NFLX

Key Points

• Candriam S.C.A. reduced its stake in Netflix by 5.5%, holding 53,704 shares worth approximately $50.08 million after selling 3,122 shares in the first quarter.
• Other institutional investors significantly increased their positions, with GAMMA Investing LLC raising its stake by 109,524.3% and Nuveen LLC acquiring a new position worth around $2.39 billion.
• Analysts have mixed ratings on Netflix, with target prices varying, including Wolfe Research's target of $1,340.00 and BMO Capital Markets increasing its target from $1,200.00 to $1,425.00.

Candriam S.C.A. trimmed its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 5.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 53,704 shares of the Internet television network's stock after selling 3,122 shares during the quarter. Candriam S.C.A.'s holdings in Netflix were worth $50,081,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in NFLX. GAMMA Investing LLC raised its position in Netflix by 109,524.3% in the 1st quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock worth $8,239,576,000 after purchasing an additional 8,827,662 shares during the last quarter. Nuveen LLC bought a new position in Netflix in the 1st quarter worth approximately $2,385,585,000. Goldman Sachs Group Inc. raised its position in Netflix by 57.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,393,064 shares of the Internet television network's stock worth $3,164,134,000 after purchasing an additional 1,236,251 shares during the last quarter. Northern Trust Corp raised its position in Netflix by 14.3% in the 4th quarter. Northern Trust Corp now owns 4,574,006 shares of the Internet television network's stock worth $4,076,903,000 after purchasing an additional 570,674 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Netflix by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 37,997,260 shares of the Internet television network's stock worth $35,433,585,000 after purchasing an additional 509,255 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Netflix

In other news, CFO Spencer Adam Neumann sold 2,601 shares of the firm's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $1,307.22, for a total transaction of $3,400,079.22. Following the completion of the transaction, the chief financial officer owned 3,691 shares of the company's stock, valued at approximately $4,824,949.02. This trade represents a 41.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 2,026 shares of the firm's stock in a transaction 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. The trade was a 13.68% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 146,307 shares of company stock worth $179,443,809 over the last ninety days. Insiders own 1.37% of the company's stock.

Netflix Stock Performance

NASDAQ NFLX opened at $1,214.15 on Wednesday. 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. The firm has a market capitalization of $515.93 billion, a price-to-earnings ratio of 51.73, a P/E/G ratio of 2.10 and a beta of 1.59. The firm's 50 day simple moving average is $1,231.86 and its 200 day simple moving average is $1,106.54.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating analysts' consensus estimates of $7.07 by $0.12. The firm 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%. The company's quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the business posted $4.88 earnings per share. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. As a group, research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on NFLX. Wolfe Research set a $1,340.00 target price on shares of Netflix and gave the company an "outperform" rating in a research report on Friday, May 16th. BMO Capital Markets reissued an "outperform" rating and issued a $1,425.00 price target (up previously from $1,200.00) on shares of Netflix in a report on Tuesday, July 15th. Evercore ISI reissued an "outperform" rating on shares of Netflix in a report on Thursday, May 15th. Seaport Res Ptn lowered shares of Netflix from a "strong-buy" rating to a "hold" rating in a research note on Sunday, July 6th. Finally, Piper Sandler upped their target price on shares of Netflix from $1,400.00 to $1,500.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $1,297.66.

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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