Cardano Risk Management B.V. Increases Stock Position in Netflix, Inc. $NFLX

Key Points

• Cardano Risk Management B.V. increased its stake in Netflix, Inc. by 7.5% during the second quarter, bringing its total shares to 138,771 and making Netflix approximately 2.4% of its portfolio.
• Recent analyst reports show a mix of upgrades and downgrades, with Robert W. Baird raising its target price for Netflix to $1,500 and the consensus rating moving to "Moderate Buy."
• Insider transactions reveal notable selling, with CEO Gregory K. Peters selling 2,026 shares valued at approximately $2.34 million, leading to a 13.68% decrease in his ownership.

Cardano Risk Management B.V. boosted its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 7.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,771 shares of the Internet television network's stock after purchasing an additional 9,679 shares during the quarter. Netflix comprises approximately 2.4% of Cardano Risk Management B.V.'s portfolio, making the stock its 13th biggest holding. Cardano Risk Management B.V.'s holdings in Netflix were worth $185,832,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Halbert Hargrove Global Advisors LLC lifted its position in Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after buying an additional 13 shares during the last quarter. Flaharty Asset Management LLC bought a new stake in Netflix in the 1st quarter worth approximately $37,000. Maseco LLP bought a new stake in Netflix in the 2nd quarter worth approximately $39,000. Barnes Dennig Private Wealth Management LLC bought a new stake in Netflix in the 1st quarter worth approximately $42,000. Finally, 1248 Management LLC bought a new stake in Netflix in the 1st quarter worth approximately $43,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on NFLX. Robert W. Baird boosted 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. Rosenblatt Securities boosted their target price 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. Wells Fargo & Company boosted their target price on Netflix from $1,500.00 to $1,560.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. TD Cowen dropped their target price on Netflix from $1,450.00 to $1,425.00 and set a "buy" rating for the company in a research report on Tuesday. Finally, Loop Capital upgraded Netflix from a "hold" rating to a "buy" rating and boosted their target price for the stock from $1,150.00 to $1,350.00 in a research report on Wednesday, September 17th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Netflix presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,337.63.

Insider Buying and Selling

In related news, CEO Gregory K. Peters sold 2,026 shares of the company's stock in a transaction 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 $14,793,240.64. This represents a 13.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Cletus R. Willems sold 238 shares of the company's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $1,153.52, for a total value of $274,537.76. The disclosure for this sale can be found here. Insiders sold 104,100 shares of company stock valued at $122,710,980 over the last 90 days. 1.37% of the stock is currently owned by company insiders.

Netflix Price Performance

Shares of Netflix stock opened at $1,231.07 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. The company has a market cap of $523.12 billion, a PE ratio of 52.45, a P/E/G ratio of 2.04 and a beta of 1.59. The business has a 50 day moving average of $1,209.61 and a 200 day moving average of $1,165.56. 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 announced its earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating analysts' consensus estimates of $7.07 by $0.12. The company had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%.The firm's revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $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, equities research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Netflix Company 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.

Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.